IDBI MF: Change in benchmark

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
Source: Morningstar India Website