With reference to our Notice No. 20190606-32, regarding Temporary Suspension of subscription in certain schemes of IDBI Mutual Fund.
MFIs/MFDs/RIAs are hereby informed that we have received communication from IDBI Mutual Fund for Reopening of Subscription through (Fresh/Additional Purchase & SIP & Switch-In) in following schemes on BSE StAR MF Platform with effect from November 04, 2019.
· IDBI ULTRA SHORT-TERM FUND
· IDBI SHORT TERM BOND FUND
· IDBI DYNAMIC BOND FUND
· IDBI CREDIT RISK FUND
As per the instructions received from IDBI AMC, The maximum Cap for investment per PAN per year in above schemes restricted to 10% of the previous day of respective schemes AUM. Kindly adhere the said investment amount criteria to avoid refund payout from AMC end.
The notice cum addendum issued by IDBI AMC is attached.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Asst. General Manager – Mutual Funds