IDBI Hybrid Equity Fund(G)-Direct Plan

The IDBI Prudence Fund - Direct Plan - Growth Option is an open-ended balanced scheme offered by IDBI Mutual Fund and managed by IDBI Asset Management Limited. The trustee company of IDBI Mutual Fund is IDBI MF Trustee Company Limited. The registered office as well as the corporate office of the fund house is located in Mumbai.

Investment Objective of the IDBI Prudence Fund - Direct Plan - Growth Option

The investment objective of the IDBI Prudence Fund - Direct Plan - Growth Option is to generate capital appreciation over a period of time and provide income to investors through investment in a diversified portfolio of equity and equity-related securities, money market securities, and debt instruments.

Key Features of the IDBI Prudence Fund - Direct Plan - Growth Option

Here are some of the key features of the IDBI Prudence Fund - Direct Plan - Growth Option:

Type of Fund

Open-ended balanced Fund

Plans Available

  • Regular Plan
  • Direct Plan

Options Under Each Plan

  • Dividend Option
  • Growth Option
  • Dividend Reinvestment
  • Dividend Payout
  • Dividend Sweep

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Risk Factor

Moderately High

Investment Amount for the IDBI Prudence Fund - Direct Plan - Growth Option

Minimum Application Amount (for Growth option)

Rs.5,000 and in multiples of Re.1 thereafter

Minimum Additional Investment (for Growth option)

Rs.1,000 and in multiples of Re.1 thereafter

Minimum Instalment for Systematic Investment Plans

  1. Monthly Option: Rs.500 per month (minimum of 12 instalments), or Rs.1,000 per month (minimum of six instalments)
  2. Quarterly Option: Rs.1,500 per quarter (minimum of four instalments)

Entry Load

Not Applicable

Exit Load

  1. In case of exit within 365 days from the date of allotment, 1% of the applicable NAV shall be charged as exit load
  2. In case of exit after the completion of 365 days from the date of allotment, no exit load shall be charged

Asset Allocation for the IDBI Prudence Fund - Direct Plan - Growth Option

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and Equity-related securities

35% to 60%

High

Equity Arbitrage Exposure

5% to 10%

Low to Medium

Debt securities (including floating/fixed rate debt instruments as well as securitised debt) and money market securities

30% to 60%

Low to Medium

The Net Asset Value of the IDBI Prudence Fund - Direct Plan - Growth Option will be calculated on a daily basis and declared on the website of IDBI Mutual Fund as well as the website of the Association of Mutual Funds in India. The NAV shall also be published in at least two national dailies that are circulated across India.

Benchmark Index of the IDBI Prudence Fund - Direct Plan - Growth Option: 50% CRISIL Composite Bond Fund Index and 50% S&P BSE 500 Index.

IDBI Prudence Fund - Direct Plan - Growth Option Fund Manager

The IDBI Prudence Fund - Direct Plan - Growth Option is managed by Mr. V. Balasubramanian (equity portion) and Mr. Gautam Kaul (debt portion).

Why you should invest in the IDBI Prudence Fund - Direct Plan - Growth Option

The IDBI Prudence Fund - Direct Plan - Growth Option can be a good investment option for those who want capital appreciation in the long term along with regular income through investment in equity and equity-related instruments, and money market and debt securities as well.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.