#1
September 22nd, 2017, 12:55 PM
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IDBI Mutual Fund ELSS
I need to know more about Equity Linked Savings Scheme (ELSS) offer by IDBI Mutual Fund, for that will you please help me?
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#2
September 22nd, 2017, 01:29 PM
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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 |
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