|Min SIP Amount||₹500|
|NAV||₹27.28 (20 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹47 Cr|
|Adani Green Energy Ltd.||Engineering||Equity||3.5%|
|Avenue Supermarts Ltd.||Services||Equity||3.4%|
|Info Edge (India) Ltd.||Services||Equity||3.3%|
|ICICI Lombard General Insurance Company Ltd.||Financial||Equity||3.1%|
|Dabur India Ltd.||FMCG||Equity||3.0%|
|Apollo Hospitals Enterprise Ltd.||Healthcare||Equity||2.9%|
|Adani Enterprises Ltd.||Services||Equity||2.8%|
|Pidilite Industries Ltd.||Chemicals||Equity||2.7%|
|Godrej Consumer Products Ltd.||FMCG||Equity||2.7%|
IDBI Nifty Junior Index Fund Direct Growth is a Equity 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 ₹47 Cr and the Latest NAV as of 20 Apr 2021 is ₹27.28.
The IDBI Nifty Junior Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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.
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.