Sponsored by IDBI Bank, the IDBI Asset Management Limited was incorporated under the Companies Act, 1956 on 25th January 2010.
The Trustee Company has appointed IDBI Asset Management Limited to manage the Mutual Fund.
IDBI Asset Management Limited, the Asset Management Company of IDBI Mutual Fund is sponsored by IDBI Bank. As one of India’s largest banks, IDBI Bank has played a major role in the country’s industrial & economic progress for over 40 years, first as a development financial institution & later as a full-fledged Commercial Bank.
IDBI Bank offers a wide range of innovative products and services, serving retail and corporate customers in all corners of the country from over 702 branches and more than 1177 ATMs. The Bank offers its customers an extensive range of diversified services including project financing, term lending, working capital facilities, lease finance, venture capital, loan syndication, corporate advisory services and legal and technical advisory services to its corporate clients as well as mortgages and personal loans to its retail clients. As part of its development activities, IDBI Bank has been instrumental in sponsoring the development of key institutions involved in India’s financial sector – such as the National Stock Exchange of India Limited (NSE) and National Securities Depository Ltd.
Sponsor: IDBI BANK
Trustee: IDBI MF Trustee Company Ltd.
Investment Manager: IDBI Asset Management Ltd.
Statutory Details: IDBI Asset Management Limited was incorporated under the Companies Act, 1956 on 25th January 2010. IDBI Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882.