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IDBI Liquid, Ultra Short Term and Short Term Fund: Compulsory Dividend Reinvestment


IDBI Mutual Fund had earlier announced that the dividend upto Rs. 1000 declared in any sub-option (Weekly, Monthly, Quarterly and Semi-annual) of debt schemes will be compulsorily reinvested and no payout will be made. Now, the above limit of Rs. 1000 will apply only for the following schemes - IDBI Liquid Fund, IDBI Ultra Short Term Fund and IDBI Short Term Fund and not for all the debt schemes as announced earlier.