| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.49% |
| NAV | ₹21.03 (03 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹43 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Avenue Supermarts Ltd. | Services | Equity | 5.2% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 4.7% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 4.7% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 4.3% |
| Dabur India Ltd. | FMCG | Equity | 4.0% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 4.0% |
| Godrej Consumer Products Ltd. | FMCG | Equity | 3.7% |
| Pidilite Industries Ltd. | Chemicals | Equity | 3.4% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 3.2% |
| Lupin Ltd. | Healthcare | Equity | 3.2% |
IDBI Nifty Junior Index Fund Direct Growth is a Others Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Uma Venkatraman is the Current Fund Manager of IDBI Nifty Junior Index Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹43 Cr and the Latest NAV as of 03 Jul 2020 is ₹21.03.
The IDBI Nifty Junior Index Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior 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 CNX Nifty Junior Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the scheme.
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.