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.
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.
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 |
|
Options Under Each Plan |
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Systematic Investment Plan | Available |
Systematic Transfer Plan | Available |
Systematic Withdrawal Plan | Available |
Risk Factor | Moderately High |
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 |
|
Entry Load | Not Applicable |
Exit Load |
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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).
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.
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