IDBI Mutual Fund has launched IDBI Tax Saving Fund, an open ended equity linked savings scheme (ELSS) offering income tax benefits under section 80 C of the IT Act, 1961
The mutual fund sector has mixed feelings about Budget 2013. While some of them are happy with the liberalisation to the Rajiv Gandhi Equity Savings Scheme (RGESS), others are shocked with the move of hiking Dividend Distribution Tax (DDT) for debt funds. CNBC-TV18‘s Mitra Joshi and Farah Bookwala report.
IDBI Mutual Fund launches IDBI RGESS, a Rajiv Gandhi Equity Savings Scheme-Series I
IDBI Mutual Fund has collected over Rs 120 crores through the New Fund Offer (NFO) of IDBI Gilt Fund..
IDBI Mutual Fund has declared dividend under the quarterly dividend options of IDBI Monthly Income Plan, for which the record date has been set as April 18, 2012.
IDBI Dynamic Bond Fund seeks to encash rate volatility. Being a diversified, flexible and open-ended debt scheme, this fund diversified, flexible and open-ended debt scheme, reckons IDBI AMC MD & CEO Debasish Mallick.