IDBI MF’s open-ended equity scheme

IDBI Mutual Fund seeks SEBI’s approval to launch an open-ended equity scheme, IDBI Long Term Value Fund.

The scheme that would follow value investment strategy will allocate at least 65 percent of its assets in equity and equity related instruments and up to 35 percent in debt and money market instruments, including collateralised borrowing and lending obligation.

The scheme can also invest up to 10 percent in real estate investment trusts and infrastructure investment trusts.

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