IDLC Income Fund is a combination of capabilities that can alone save 10% -15% TAX by delivering maximum TAX rebate, at the same time yields a stable/regular return.
40%-60% of this fund will be invested in Govt. securities or Govt. backed securities. Thus the fund delivers stability by maintaining the optimum balance of yield, safety and liquidity .
This comes with a complete 360 Degree Online Service experience that allows you to get every thing done online from any where, anytime.
An investor can implicitly earn a return from 10.0% to 15.0% (based on the income level) simply by saving tax in a financial year. IDLC Income fund does not have any limit in terms of TAX eligible investment for TAX rebate. Whereas all other options including Sanchay patra (up to BDT 10 Million), DPS (up to BDT 60,000) have ceilings in terms of TAX eligible investment and FDR is not eligible for TAX rebate.
40%-60% of this fund will be invested in Govt. securities or Govt. backed securities. So, this is highly safe and cost-efficient fund yielding stable/regular return.
*Surrender Amount will be based on the prevailing NAV if the holding period is 360 days or more. There will be an exit load for surrender less than 360 Days and it will be applicable as 2% Exit Load on NAV if Holding period is less than 90 days, 1.5% for 90 days to less than 180 days, 1% for 180 days to less than 360 days