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IDBI Nifty Index Fund Growth-1.06%

15.29%
1 Year Return
Equity
Index
3.0star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Nifty Index Fund Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.03%
NAV₹26.58 (15 Jan 2021)
Fund Started25 Jun 2010
Fund Size256 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
15.3%
9.6%
13.8%
9.4%
Category Average
17.6%
9.6%
14.4%
-
Rank Within Category
86
47
54
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 15.3% returns per annum

Comparison

Data not available
Pros
1. Risk is lower compared to the benchmark
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the benchmark
4. 3Y Returns are lower than the benchmark
5. 5Y Returns are lower than the benchmark
6. Risk-adjusted returns are lower compared to the category
7. 5Y Returns are lower than the category average returns
8. 10Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity11.2%
Reliance Industries Ltd.EnergyEquity11.1%
Housing Development Finance Corpn. Ltd.FinancialEquity7.2%
Infosys Ltd.TechnologyEquity7.2%
ICICI Bank Ltd.FinancialEquity5.8%
Tata Consultancy Services Ltd.TechnologyEquity5.0%
Kotak Mahindra Bank Ltd.FinancialEquity5.0%
Hindustan Unilever Ltd.FMCGEquity3.4%
ITC Ltd.FMCGEquity3.0%
Axis Bank Ltd.FinancialEquity2.7%
See All

Fund Managers

Firdaus Marazban Ragina
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IDBI Nifty Index Fund Growth Details

IDBI Nifty Index Fund Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 25 Jun 2010. Uma Venkatraman is the Current Fund Manager of IDBI Nifty Index Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹256 Cr and the Latest NAV as of 15 Jan 2021 is ₹26.58.

The IDBI Nifty Index Fund Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.

Investment Objective

The scheme will invest in the stocks comprising the Nifty 50 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.

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
29 Mar 2010
IDBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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