IDBI Mutual Fund launches 'IDBI Diversified Equity Fund'

MUMBAI: IDBI Mutual Fund has launched a ' 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.