Fund News

Change in Face Value under IDBI Liquid Fund

Last updated: 08-Jul-2024•Value Research

IDBI Mutual Fund has announced that with effect from February 18, 2011, the face value of units unde

IDBI Mutual Fund has announced that with effect from February 18, 2011, the face value of units under IDBI Liquid Fund (all plans) will be changed from Rs 10 to Rs 1000 per unit.

Further, investment beyond the minimum subscription/additional subscription amount under all schemes of IDBI Mutual Fund can be made in multiples of Rs 1.

The AMC has also announced that daily STP facility will be available only for transferring units from IDBI Liquid Fund/ IDBI Ultra Short Term Fund to IDBI Nifty Index Fund/ IDBI Nifty Junior Index Fund.

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