Winding up of IDBI Gilt Fund and IDBI Dynamic Bond Fund

October 26, 2022 . Manas muraleedharan

IDBI Asset Management Ltd (IAML) has announced the decision of IDBI MF Trustee Company (“Trustee” to IDBI Mutual Fund) to windup the IDBI Dynamic Bond Fund and IDBI GILT Fund (The “Schemes”) and the circumstances leading to the winding up of these schemes.

In pursuance to Regulation 40 of the SEBI (Mutual Funds) Regulations,1996 with effect from October 20, 2022 IDBI Asset Management Company Limited shall:

(a) cease to carry on any business activity in respect of the Schemes;

(b) cease to create or cancel units in the Schemes;

(c) cease to issue or redeem units in the Schemes.

Click the button below to view the Addendum issued by IDBI Asset Management Ltd.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.