IDBI Mutual Fund has approved change in the benchmark of following schemes with effect from 6 November 2019 as under:
IDBI Ultra Short Term Fund:
- Existing Benchmark: CRISIL Liquid Fund Index
- New Benchmark: CRISIL Ultra Short Term Debt Index
IDBI Credit Risk Fund:
- Existing Benchmark: CRISIL Short Term Bond Fund Index
- New Benchmark: NIFTY Credit Risk Bond Index