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IDBI Liquid and Income Schemes: Change in minimum investment amount


IDBI Mutual Fund has reduced the minimum amount for single transfer under STP (Monthly frequency) from Rs 2000 to Rs 1000 in Liquid Debt and Income Schemes. The minimum number of installments in these schemes is being increased from 6 to 12.
Also, in case of all debt schemes dividend amount declared up to Rs 1000 in any option will compulsorily get reinvested and no payout will be made.