Insights

Changes in Fundamental Attributes of IDBI Diversified Equity Fund w.e.f. Jan 30, 2021

January 19, 2021 . Manas muraleedharan

Unitholders of IDBI Diversified Equity Fund are requested to note the following changes in IDBI Diversified Equity Fund (“Scheme”) effective from January 30, 2021 (“Effective Date”). The Change in Fundamental Attributes of the Scheme has been approved by Board of Directors of IDBI Asset Management Limited (AMC) and Board of Directors of IDBI MF Trustee Company Limited. Further, Securities and Exchange Board of India (SEBI) has informed the AMC that they have no objection to the aforesaid revision.

Click here to view the changes proposed.

All unit holders are requested to note that the proposed revision in the Scheme will come to effect from January 30, 2021 (Effective Date). In view of the changes in fundamental attributes of IDBI Diversified Equity Fund, existing unitholders who are not in agreement to the said changes are given an option to redeem their units at applicable NAV or switch to other schemes of IDBI Mutual Fund without payment of exit load between December 31, 2020 to January 29, 2021.

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