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IDBI Mutual Fund has launched IDBI Focused 30 Equity Fund, for subscription on October 30. The scheme which is an open ended equity scheme, will close its subscription on November 13.
As per the scheme, atleast 65% of the fund will be used in equity and equity related instruments of large-cap companies and the rest will be used in money market and debt instruments.
Minimum application will be of Rs.5,000 and in multiples of Rs.1 thereafter.
