IDBI Dynamic Bond Fund collects over Rs.115 crores in the New Fund Offer by creditcardnewsupdates.com

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IDBI Dynamic Bond Fund collects over Rs.115 crores in the New Fund Offer
IDBI Dynamic Bond Fund collects over Rs.115 crores in the New Fund Offer
March 01, 2012
IDBI Dynamic Bond Fund, the New Fund Offer (NFO) launched by IDBI Asset Management Ltd., collected over Rs.115 crores, predominantly from around 3400 applications, mainly from retail investors, including HNIs.

Commenting on the success of IDBI Dynamic Bond Fund, Mr. Debasish Mallick, Managing Director and Chief Executive Officer, IDBI Asset Management Ltd, said: "The positive response received by our NFO confirms investors' faith in the IDBI Brand. In the current scenario of economic uncertainties, high accruals and expectations of rate cuts, investment in debt could be viewed as a good and prudent asset allocation strategy".

IDBI Dynamic Bond Fund is designed to invest exclusively in debt produc...
View more at: http://www.1888pressrelease.com/idbi-dynamic-bond-fund-collects-over-rs-115-crores-in-the-ne-pr-378173.html

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