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IDBI Mutual Fund has launched an ‘IDBI Diversified Equity Fund’, a scheme which is an open ended diversified equity scheme, a company release said.
The new fund offer, which has opened for subscription from March 10, will close on March 24, 2014.
“The fund will provide investors with opportunities for long-term growth in capital through investment in a diversified basket of equity stocks, debt and money market instruments,” the company said.
As per the fund house, the equity portfolio will be well-diversified and actively managed to realise the objective of the scheme, it added.
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