Kadvani Securities

EPW Research Foundation IDBI I-Nit IDBI MUTUAL FUNDS is promoted by IDBI which has over three decades of experience incorporate lending and investment. IDBI Mutual Fund has announced its maiden scheme I-nit '95 specially designed for small investors. It is a growth scheme with a five-year maturity. It offers twoplans: Dividend I-nits to offer dividend income through distribution of profits at the end of each year and growing I-nits to offer long- term capital appreciation through reinvestment of profits realised. The scheme offers periodic encashment facility under which investors can encash their Units at NAV. Encashment facilities would be offered once every six months in the first year and once every three months thereafter. A unique banking convenience is also offered to investors through a cash across the counter facility. For this the IDBI Mutual Fund has tied up with seven commercial banks. IDBI as the sponsor and lead manager has offered a safety net for the first time in a mutual fund scheme under which IDBI would purchase I-nits at face value for a period of one year from the date of allotment from original allottees subscribing up to 5,000 I-nits. The issue is to open from March 27 to May 6.