The IDBI Liquid Fund - Growth Option is an open-ended liquid scheme that allocates its investments on debt and money market securities. The growth option of the scheme entitles investors to achieve capital appreciation at the completion of the investment period.
To offer high liquidity and capital appreciation to the investor through investment in a portfolio that has low risk and comprises debt and money market securities having a maturity of less than 91 days.
Key Features of the Scheme
|Type of Fund||An open-ended liquid scheme|
|Plans Available||Regular Plan and Direct Plan|
|Options under each Plan||
|Systematic Investment Plan||Available|
|Systematic Transfer Plan||Available|
|Systematic Withdrawal Plan||Available|
Investment amount for IDBI Liquid Fund
|Minimum Application Amount||Rs.5,000 and in multiples of Re.1 thereafter|
|Minimum Additional Investment||Rs.1,000 per application and in multiples of Re.1 thereafter|
|Minimum installment for Systematic Investment Plan (SIP)||
|Minimum installment for Systematic Withdrawal Plan (SWP)||Rs.1,000 and in Re.1 multiples thereafter for a minimum 6 month period|
|Entry Load||Not Applicable|
Asset Allocation for IDBI Liquid Fund
|Instruments||Percentage of total assets||Risk Profile|
|Money market and debt securities with maturity or residual maturity of up to 91 days||Up to 100%||Low|
NAV Disclosure and Benchmark for IDBI Liquid Fund
The Net Asset Value (NAV) of the IDBI Liquid Fund is obtained by dividing its net assets by the number of outstanding units on the date of valuation. The NAV will be rounded off to 4 decimal places and disclosed on all business days. The NAV will be updated on the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com and IDBI Mutual Fund at www.idbimutual.co.in by 9:00 p.m. of every business day.
The scheme’s portfolio will also be disclosed by the fund house on its website on the last day of the month or before the 10th day of the succeeding month.
Benchmark: CRISIL LIquid Fund Total Return Index (TRI)
Fund Manager - Mr. Raju Sharma
The IDBI Liquid Fund is managed by Mr. Raju Sharma and he has been managing this scheme since 3 May 2017. Overall, Mr. Sharma has 25 years of experience in the financial services domain. Before joining IDBI Mutual Fund, he has worked with Indiabulls Mutual Fund, Tata Mutual Fund, DHFL, and JM Morgan Stanley. The other schemes managed by him include IDBI Gilt Fund, IDBI Dynamic Bond Fund, IDBI Equity Savings Fund, etc.
Why you should invest in the IDBI Liquid Fund
- High liquidity - Being a liquid scheme, investors can invest in the units of the IDBI Liquid Fund even for a duration as low as one day.
- Short investment horizon - The IDBI Liquid Fund is ideal for investors who wish to invest for a short duration that ranges from 1 to 90 days.
- Offers better returns - When compared with the returns offered by savings account deposits, the returns provided by the IDBI Liquid Fund is higher.
GST rate of 18% applicable for all financial services effective July 1, 2017.