Product Snapshot

 
Fund Name
IDBI LIQUID FUND  
 
NatureAn open-ended liquid scheme
Investment Objective The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized.
Asset Allocation The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative allocation (% of total Assets) Risk Profile
Debt and Money Market Securities with maturity / residual maturity of up to 91 days  Up to 100% Low
For more details on Asset Allocation please refer Scheme Information Document(SID)
Fund Manager Mr. Raju Sharma
BenchmarkCRISIL Liquid Fund Index
Face ValueRs. 1000/- per unit.
Entry Load Not Applicable
Exit Load Nil
Plan / Options & sub-options
The Scheme offers following plans for investment :-
  1. Regular Plan
  2. Direct Plan

Within each Plan there are two Options:
  1. Dividend Option
  2. Growth Option

The Dividend Option under both the Plans offers following frequency of Dividend declaration:
Sub-Option under Dividend Option Record date/day Mode of dividend
Daily Daily Compulsory reinvestment. No payout / sweep
Weekly Sunday Payout / Reinvestment / Dividend Sweep
Monthly 25th of every month Payout / Reinvestment / Dividend Sweep
Minimum Investment Rs. 5000 and in multiples of Re. 1 thereafter.
Additional Purchase Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Investment Plan (SIP)
Monthly option - Rs. 500 per month for a minimum period of 12 months or  Rs 1,000 per month for a minimum period of 6 months.
Quarterly Option - Rs. 1,500 per quarter for a minimum period of 4 quarters. Investments above the minimum amount mentioned, shall be made in multiples of Rs. 1 for all SIP irrespective of frequency of SIP or the Option.
Systematic Transfer Plan (STP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
Sub-options for STP Eligible dates for effect Minimum amount per transfer* Daily STP amount per transfer Minimum term / duration applicable
Daily All Business days Rs.200/- Rs. 200/- to less than Rs. 500/-
Rs. 500/- to less than Rs. 1,000/-
Rs. 1,000/- and above
30 Business days

12 Business days

6 Business days
Weekly 1st Business day of the week Rs. 1,000/- Weekly STP: 12 Installments; -
Monthly 1st, 5th, 10th, 15th, 20th and 25th of the month Rs. 1,000/- Monthly STP: 12 Installments; -
Quarterly 1st, 5th, 10th, 15th, 20th and 25th of the each quarter Rs. 2,500/- Quarterly STP: 4 Installments
(*Multiples of Re.1/- thereafter except under IEAF where STP will be made at a minimum of Rs.500/- and in multiples of Rs.500/- thereafter.)
Systematic withdrawal Plan (SWP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
Minimum amount for each withdrawal is Rs.1000/- and in multiples of Re.1/- thereafter for a minimum period of 6 months. Withdrawal on 25th of each month or, if 25th is a holiday, then the next effective business day.
Taxation
IDBI Liquid Fund Resident Investor** Mutual Fund**
Tax on Dividend (Dividend Distribution Tax) NIL Individual / HUF - 25% p.a (plus applicable surcharge &cess) Others- 30% p.a (plus applicable surcharge & cess)
Capital Gain    
Long Term 20% with indexation (plus applicable surcharge &cess) NIL
Short Term Rates applicable to Unit holders as per their income slabs (plus applicable surcharge & cess) NIL

** For further details on taxation please refer to the Section on Taxation in the SAI and also independently refer to your tax advisor and to the latest Tax Reckoner. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of the individual nature of the tax consequences, each investor is advised to consult his/ her own professional tax advisor.
Riskometer
This product is suitable for investors who are seeking*:
  • High level of liquidity along with regular income for short term
  • Investments in Debt / Money Market Instruments with maturity / residual maturity up to 91 days
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.