IDBI Mutual Fund is a new AMC that is still in the expanding phase. Time will tell how it fares…
By Research Desk | Dec 4, 2012
IDBI Mutual Fund was initially set up by IDBI in 1994. After selling its entire stake to Principal Financial Services (PFS) Inc in following years, in 2010, IDBI re-entered the business.
The AMC in its new avatar commenced by launching an index fund matching the Nifty. It has a few offerings across both equity and debt, and is expanding its product suit. However, it is still early days as far as performance is concerned.