IDBI Dynamic Bond Fund Seeks to Encash Rate Volatility

Kolkata: IDBI Mutual Fund, the asset management arm of IDBI, today said its Dynamic Bond "The flexibility of the portfolio composition will generate optimum risk-adjusted returns making this scheme relevant under all market conditions."

Beside investing in government papers, the scheme will invest in other corporate instruments of both private and PSUs, but not below AA ratings, Mallick said.

The fund will benchmark the Crisil Composite Bond Fund Index. Under the current yield scenario investors could expect 9-9.5 percent annual return from the fund.

The scheme had opened on January 31 and will stay open till February 14. Minimum investment is 5,000 in the scheme.

Speaking about gold ETF fund, Mallick said it had received good response and mopped up 110 crore.

The total asset under management by IDBI MF till December was 6,100 crore.