IDBI Nifty Index Fund Direct Dividend+0.21%

2Groww
15.79%
1 Year Return
Others
Index
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Nifty Index Fund Direct Dividend

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.10%
NAV21.69 (23 Oct 2019)
Fund Started01 Jan 2013
Fund Size220 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Nifty Index Fund Direct Dividend
15.8%
10.9%
8.4%
10.8%
Category Average
NA
NA
NA
-
Rank within category
27
23
41
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 15.8% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. Lower expense ratio
    3. 1Y Returns are higher than the benchmark
    4. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. 3Y Returns are lower than the benchmark
    3. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity11.3%
    Reliance Industries Ltd.EnergyEquity9.7%
    Housing Development Finance Corpn. Ltd.FinancialEquity7.2%
    Infosys Ltd.TechnologyEquity6.3%
    ICICI Bank Ltd.FinancialEquity6.0%
    ITC Ltd.FMCGEquity4.7%
    Tata Consultancy Services Ltd.TechnologyEquity4.7%
    Kotak Mahindra Bank Ltd.FinancialEquity4.7%
    Larsen & Toubro Ltd.ConstructionEquity3.9%
    Hindustan Unilever Ltd.FMCGEquity3.0%
    See All

    Other Details

    IDBI Nifty Index Fund Direct Dividend is a Others Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Uma Venkatraman is the Current Fund Manager of IDBI Nifty Index Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹220 Cr and the Latest NAV as of 23 Oct 2019 is ₹21.69.

    The IDBI Nifty Index Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    To invest in the stocks and equity related instruments comprising the S&P CNX Nifty Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of S&P CNX Nifty index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the S&P CNX Nifty index (Total Returns Index) and the scheme.

    Tax Implications

    Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About IDBI Mutual Fund

    Address
    5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
    Phone
    022-6644 2800
    Launch Date
    28 Mar 2010
    IDBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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