IDBI Mutual Fund has launched a new open ended liquid scheme, IDBI Liquid Fund. The new fund offer will be available from 07th July, 2010 to 8th July, 2010. The minimum investment amount of the scheme is Rs 5,000. The investment objective of the scheme is to provide investors with high level of liquidity along with regular income for their investment. The scheme would allocate 50 per cent to 100 per cent of assets in debt and money market instruments. It would further allocate up to 50 per cent of assets in debt instruments. The scheme will not charge any entry and exit load. The scheme will be managed by Mr. Gautam Kaul and will be benchmarked against CRISIL Liquid Fund Index.
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