IDBI PRINCIPAL INCOME 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 Load but 0.5% on
repurchases upto six months as exit load.
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- Continuous Offer opens: December 1,
2000
- Sponsor: IDBI and Principal
Financial Services Inc.
- Trustee: IDBI
- Minimum subscription:Rs.5,000 and
in multiples of Re.1/. NRIs can apply on repatriable basis.
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Objective of
the fund: To generate regular income and capital appreciation through investments in
debt and related 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 offers dividend option and Growth option.
- Unit holders have switching facility from one scheme to
other.
- Tax Free dividends in the hands of investors.
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Strategy of investment |
100% investible funds would be in Debt instruments and Money Market instruments. |
| 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 Prudential ICICI Mutual Fund |
| 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
30.04.2000 |
Alliance Monthly Income (Gr) |
12.75 |
12.75 |
12.56 |
12.75 |
12.59 |
12.65 |
| ING
Income Portfolio(Gr) |
11.52 |
11.41 |
11.34 |
11.39 |
11.35 |
11.26 |
| Kothari
Pioneer Income Builder Account (Gr) |
14.81
|
14.69 |
14.55 |
14.67 |
14.67 |
14.57 |
| Reliance
Income Plan (Gr) |
13.61
|
13.5 |
13.4 |
13.43 |
13.4 |
13.27 |
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The above table reveals that the NAVs of the above funds exhibit positive trends
with a constant increase though at a slow pace. |
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Risk Perception |
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A careful observation of the performance of the fund shows that IDBI's previous fund - IDBI Principal Deposit Fund Bond
Plan(Gr) has good returns. The markets are too volatile and hence the investment in the fixed
income securities or debt funds would project a rise in returns. Investors who are risk
averse can think of investing in this scheme to get regular income and growth.
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