NFO: IDBI Nifty Junior Index Fund

IDBI Mutual Fund has launched IDBI Junior Nifty Index Fund. The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty junior index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior index (Total Returns Index) and the scheme.

Download IDBI Nifty Jr. Index Application Form

NFO Summary:

• Scheme Name: IDBI Nifty Junior Index Fund
• Scheme Type: Open Ended
• NFO Start Date: 02-September-2010
• NFO End Date: 15-Sep-2010
• Entry Load: Nil
• Exit Load: 1% within 1 year of investment
• Offer Price: Rs. 10
• Minimum Investment: Rs. 5,000/-
• Download Application Form

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Tags: IDBI Mutual Fund, Nifty ETF

Category: Blog