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IDBI Cash Management changes Investment Pattern


IDBI Principal Cash Management Fund, an open-ended Cash fund, has effected changes in the investment pattern of its two options-: Money-at-call and Liquid Option .

With effect from July 17, 2001 the Fund will hike its allocation in liquid money market instruments from 50 per cent to 100 per cent in Money-at-call option and for the liquid option the same has been increased from 80 per cent to 100 per cent.

Investors not in the favor of the changes in the investment pattern can get their units redeemed before July 16, 2001.