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IDBI Nifty Next 50 Index Fund Direct Growth
Equity
Index
Very High Risk
+19.95%
3Y annualised
+1.06% 1D
NAV: 28 Jul '23
₹36.55
Min. SIP amount
Not Supported
Fund size
₹99.93 Cr
Expense ratio
0.38%
Holdings (50)
See All
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +19.9% | +9.6% | +14.9% | +13.2% |
| Category average (Equity Index) | +15.1% | +15.0% | +13.2% | -- |
| Rank (Equity Index) | 18 | 10 | 13 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
Fund management
SBSumit BhatnagarOct 2023 - PresentView details
SB
Sumit Bhatnagar
Oct 2023 - Present
View details
About IDBI Nifty Next 50 Index Fund Direct Growth
IDBI Nifty Next 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 29 Mar 2010. Sumit Bhatnagar is the Current Fund Manager of IDBI Nifty Next 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,592 Cr and the Latest NAV as of 28 Jul 2023 is ₹36.55.
The IDBI Nifty Next 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500.
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Investment Objective
The scheme seeks to invest only in and all the stocks comprising the Nifty Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty Next 50 Index.
Fund benchmarkNIFTY Next 50 Total Return Index
Fund house
Rank (total assets)#29 in India
Total AUM₹3,591.62 Cr
Date of Incorporation29 Mar 2010
Launch Date29 Mar 2010
Address4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
CustodianSBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer AgentKFin Tech
Email[email protected]
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,