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IDBI launches Nifty Index Fund

Mumbai-based IDBI Mutual is offering something called the Nifty Index Fund through to May 31. The open-ended equity fund is to replicate the performance of the Total Returns Index of S&P CNX Nifty Index by investing in the constituents of that index. The fund is managed by IDBI Asset Management and the trustee is IDBI MF Trustee. Management & advisory…

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