IDBI mutual fund launched a new Sectoral scheme for investors. This new scheme focuses on banking and financial sector. It is an open ended equity scheme.
The NFO (New Fund Offer) is available to investor from 14th May to 28th May.
For retail investors minimum investment amount is 5000 Rs.
Another good aspect from investor's point of view is, there will be no entry load charged for this NFO. Exit load of 1 per cent will be applicable in-case of redemption, repurchase, transfer or SWP within the 12 months from date of allotment.
Retail investors always look for NFO as it is consider as an good opportunity for investment. Again it is Sectoral scheme which has it's own risk and return proportion. Retail investor has to consider it before investing.