Career Search

Tuesday, July 24, 2012

IDBI Gold Fund - IDBI Mutual Fund launches New Fund

Buy Gold Mutual Funds

Invest Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Call 0 94 8300 8300 (India)

 

IDBI Mutual Fund has launched a new fund named as IDBI Gold Fund, an open ended fund of fund scheme. The face value of the scheme is Rs. 10 per unit. The new issue will be open for subscription from 25th July 2012 and closes on 8th August 2012. The investment objective of the scheme is to provide returns that closely correspond to returns provided by IDBI Gold Exchange Traded Fund. The performance of the scheme will be benchmarked against Domestic Price of Physical Gold and will be managed by V. Balasubramanian. The scheme will allocate 95% to 100% of assets in Units of Gold Exchange Traded Fund with medium to high risk profile. Whereas, it would allocate upto 5% of assets in reverse repo / short term fixed deposits / money market instruments and in IDBI Liquid Scheme of IDBI Mutual Fund with low risk profile. The scheme offers only growth option. Exit load charge will be 1% for exit within 12 months from the date of allotment.  

Happy Investing!!

 

We can help. Call 0 94 8300 8300 (India)

 

Leave your comment with mail ID and we will answer them

                                                OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap Funds        Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds     Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds    Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds             Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds              Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds             Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments: