Sources said the company is expected to announce the strategic tie-up with an Indonesian player at a press conference in Mumbai on June 21
The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity related instruments of dividend yielding companies
In terms of asset allocation, the scheme will invest at least 80 percent of its assets in equity and equity-related instruments of companies engaged in healthcare and allied sectors
Earlier, all three schemes were managed by V Balasubramanian
The scheme that will be following value investment strategy will allocate at least 65 percent of its assets in equity and equity related instruments
The scheme will be classified as an open-ended debt scheme, that will primarily invest in AA and below rated corporate bonds.
The scheme will allocate at least 65 percent of the corpus in equity and equity related instruments of large-cap companies
Earlier, Balasubramanian was head of equities and fund manager at the fund house.
IDBI Bank has initiated the process of scouting for a buyer to sell its mutual fund business, indicating further consolidation in the Rs 19-lakh crore mutual fund industry
Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
IDBI Equity Advantage Fund announces dividend, the record date for dividend is September 15, 2015.
IDBI Mutual Fund announces dividend under IDBI India Top 100 Equity Fund and IDBI Diversified Equity Fund, the record date for dividend is May 25, 2015.
IDBI Equity Advantage Fund announces dividend, the record date for dividend is September 17, 2014.
IDBI Mutual Fund has announced change in exit load structure under IDBI Short Term Bond Fund, IDBI Nifty Index Fund and IDBI Junior Nifty Index Fund, with effect from September 01, 2014.
IDBI Mutual Fund today announced the launch of IDBI Debt Opportunities Fund, an open ended income scheme, which is an accrual based product with focus on generation of interest income.
IDBI Mutual Fund has announced that Gold Deposit Scheme of banks is included in the investible universe of IDBI Gold Exchange Traded Fund
IDBI Mutual Fund announces appointment of assistant fund manager, with effect from January 14 and 15, 2013
"As of now, the number of our folios stand at 1.5 lakh...we will try to cross 2.5 lakh figure by the end of next year," he said, adding that sound performance of its equity schemes will provide an impetus to attract retail investors.
IDBI Mutual Fund has announced changes in fund managers..
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 launches IDBI Gilt Fund, an open ended dedicated gilt scheme.
IDBI Mutual Fund has garnered around Rs 94 crore from its first gold fund-of-fund (FoF) scheme so far with good response from retail investors, a top company official has said.
IDBI Mutual Fund today said it expects to garner about Rs 100 crore from its recently launched Gold Fund.