IDBI Mutual Fund is rolling out an open-ended income scheme, India Infoline reports. The IDBI Income Fund’s performance will be benchmarked against the CRISIL Composite Bond Fund Index. The scheme, to be managed by fund manager Gautam Kaul, will offer growth and dividend options. The product will invest about 65% of assets in debt instruments and the remaining will be allocated to money market instruments with a low-risk profile.

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