2023 2024 EduVark > Education Discussion > General Discussion


  #2  
September 22nd, 2017, 01:29 PM
Super Moderator
 
Join Date: Mar 2012
Re: IDBI Mutual Fund ELSS

As you want to know details of IDBI Mutual Fund, Equity Linked Savings Scheme (ELSS) here I will gather details for you.

The Equity Linked Savings Scheme (ELSS) of IDBI Mutual Fund was introduced with objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction.

The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative allocation (% of total assets) Risk Profile
Minimum Maximum
Equity and equity related instruments
80% 100% Medium to High

Equity and equity related instruments
0% 20% Low to Medium

Plans & Options
The Scheme offers following plans for investment:-
Regular Plan
Direct Plan

Within each Plan there are two Options:
Dividend Option
Growth Option

The Dividend option under both Plans offers the following modes of dividend:
Payout
Sweep

Minimum Investment
Rs. 500 and in multiples of Rs. 500 thereafter.

Additional Purchase
Rs.500 and in multiples of Rs 500 thereafter.

Systematic Investment Plan (SIP)
Monthly option
Rs. 500 and in multiples of Rs. 500/- thereafter per month, for at least 12 months or Rs. 1000 and in multiples of Rs. 500/- thereafter per month, for a minimum period of 6 months.

Quarterly option
Rs. 1500 and in multiples of Rs. 500/- per quarter thereafter for a minimum period of 4 quarters.

Address:-
IDBI Mutual Fund
5th Floor, Mafatlal Centre,
Nariman Point, Mumbai- 400021

Phone:-
(+91 22) 6644 2800


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 04:10 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8