IDBI-PRINCIPAL CASH MANAGEMENT FUND |
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- Initial offer opens: October 3,2000
- Closing Date:
October 21, 2000
- Nature of Scheme: Open Ended
- AMC: IDBI-PRINCIPAL Asset
Management Company Limited
- Load: No entry and exit loads.
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- Continuous Offer opens: December 1,
2000
- Sponsor: IDBI and Principal
Financial Services Inc.
- Trustee: IDBI
- Minimum subscription:Rs.10,00,000
in Money At Call Option and Rs.10,000 in Liquid Option. NRIs can apply on repatriable
basis.
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Objective of
the present fund: To provide investors with a high level of income from short term
investments in money market instruments.
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- IDBI is a leading financial institution in India and one
of the largest banks in the world.
- Principal Financial group is a leading financial services
company in the world.
- This scheme has Money At Call and Liquid Options.
- This scheme offers dividend option and Growth option.
- Unit holders have switching facility from one scheme to
other.
- Tax Free dividend in the hands of investors
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Strategy of investment |
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100% investible funds in Call/Term money/ Repos/Reverse Repos and other Liquid Money
market instruments. |
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| Some of the Schemes launched by IDBI |
| IDBI
Principal Equity Fund(Gr) |
| IDBI
Principal Money Market Fund |
| IDBI
Principal Deposit Fund Bond Plan(Gr) |
Performance
overview of the IDBI |
| Name of the Fund |
NAV as on
29.09.2000 |
NAV as on
31.08.2000 |
NAV as on
31.07.2000 |
| IDBI Principal
Equity Fund(Gr) |
10.55 |
11.89 |
10.52 |
| IDBI Principal
Money Market Fund |
10.97 |
10.96 |
10.93 |
| IDBI Principal
Deposit Fund Bond Plan(Gr) |
10.19 |
10.10 |
NA |
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Comparative Analysis of similar other funds |
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| Name of the Fund |
NAV as on 29.09.2000 |
NAV as on
31.08.2000 |
NAV as on
31.07.2000 |
NAV as on
30.06.2000 |
NAV as on
31.05.2000 |
NAV as on
28.04.2000 |
Alliance Cash Manager |
1233.43 |
1223.82 |
1211.44 |
1203.22 |
1193.22 |
1184.77 |
| Birla Cash
Plus |
13.51 |
13.41 |
13.3 |
13.19 |
13.10 |
13 |
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The above table shows that there is a positive trend
in the NAVs.
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Risk Perception |
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IDBI is launching this fund for the first time. Also there are very few AMCs which have
launched this scheme and are showing good returns. Since the investment would be in call
rates and government securities, the returns would be in positive trend but a slow pace.
However, the risk is minimised with this type of investment portfolio. Hence the risk
averse people can prefer it.. |
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