How to Invest in IDBI Nifty Next 50 Index Fund Direct Growth?

You can easily invest in IDBI Nifty Next 50 Index Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for IDBI Nifty Next 50 Index Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in IDBI Nifty Next 50 Index Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does IDBI Nifty Next 50 Index Fund Direct Growth provide?

The IDBI Nifty Next 50 Index Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 12.19% since its inception.

How much expense ratio is charged by IDBI Nifty Next 50 Index Fund Direct Growth?

The term Expense Ratio used for IDBI Nifty Next 50 Index Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of IDBI Nifty Next 50 Index Fund Direct Growth is 0.32% as of 06 Nov 2024...

What is the AUM of IDBI Nifty Next 50 Index Fund Direct Growth?

The AUM, short for Assets Under Management of IDBI Nifty Next 50 Index Fund Direct Growth is ₹101.48Cr as of 06 Nov 2024.

How to Redeem IDBI Nifty Next 50 Index Fund Direct Growth?

If you want to sell your IDBI Nifty Next 50 Index Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of IDBI Nifty Next 50 Index Fund Direct Growth?

You can select either SIP or Lumpsum investment of IDBI Nifty Next 50 Index Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of IDBI Nifty Next 50 Index Fund Direct Growth?

The NAV of IDBI Nifty Next 50 Index Fund Direct Growth is ₹36.55 as of 28 Jul 2023.

What is the PE and PB ratio of IDBI Nifty Next 50 Index Fund Direct Growth?

The PE ratio ratio of IDBI Nifty Next 50 Index Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

IDBI Nifty Next 50 Index Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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IDBI Nifty Next 50 Index Fund Direct Growth
Equity
Index
Very High Risk
19.95%
3Y annualised
+1.06% 1D
1M
6M
1Y
3Y
5Y
All
  NAV: 28 Jul 2023₹36.55
Min. SIP amountNot Supported
Rating1
Fund size₹101.48Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Index
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns12.2%19.9%9.6%13.2%
Category average34.0%13.5%16.8%NA
Rank with in category121011NA
Understand terms
Holdings (50)NameSectorInstrumentAssets
LTIMindtree Ltd.
TechnologyEquity3.89%
Bharat Electronics Ltd.
Capital GoodsEquity3.67%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity3.67%
Godrej Consumer Products Ltd.
Consumer StaplesEquity3.34%
Pidilite Industries Ltd.
ChemicalsEquity3.23%
Bank Of Baroda
FinancialEquity2.89%
Info Edge (India) Ltd.
ServicesEquity2.83%
ICICI Lombard General Insurance Company Ltd.
InsuranceEquity2.80%
Indian Oil Corporation Ltd.
EnergyEquity2.73%
Siemens Ltd.
Capital GoodsEquity2.73%
Dabur India Ltd.
Consumer StaplesEquity2.71%
SRF Ltd.
DiversifiedEquity2.71%
Tata Power Company Ltd.
EnergyEquity2.66%
Havells India Ltd.
Capital GoodsEquity2.62%
Shree Cement Ltd.
ConstructionEquity2.60%
Hindustan Aeronautics Ltd.
Capital GoodsEquity2.59%
PI Industries Ltd.
ChemicalsEquity2.57%
Ambuja Cements Ltd.
ConstructionEquity2.55%
Vedanta Ltd.
Metals & MiningEquity2.53%
DLF Ltd.
ConstructionEquity2.47%
Interglobe Aviation Ltd.
ServicesEquity2.33%
GAIL (India) Ltd.
EnergyEquity2.31%
Marico Ltd.
Consumer StaplesEquity2.24%
United Spirits Ltd.
Consumer StaplesEquity2.16%
SBI Cards And Payment Services Ltd.
FinancialEquity2.03%
ABB India Ltd.
Capital GoodsEquity1.91%
Page Industries Ltd.
TextilesEquity1.85%
Colgate-Palmolive (India) Ltd.
Consumer StaplesEquity1.85%
ICICI Prudential Life Insurance Company Ltd.
InsuranceEquity1.83%
Avenue Supermarts Ltd.
ServicesEquity1.74%
Canara Bank
FinancialEquity1.65%
Indian Railway Catering And Tourism Corporation Ltd.
ServicesEquity1.59%
HDFC Asset Management Company Ltd.
FinancialEquity1.49%
Torrent Pharmaceuticals Ltd.
HealthcareEquity1.43%
Samvardhana Motherson International Ltd.
AutomobileEquity1.42%
Bosch Ltd.
AutomobileEquity1.33%
Berger Paints India Ltd.
ChemicalsEquity1.29%
ACC Ltd.
ConstructionEquity1.21%
Varun Beverages Ltd.
Consumer StaplesEquity1.20%
Indus Towers Ltd.
CommunicationEquity1.13%
Muthoot Finance Ltd.
FinancialEquity1.11%
Zomato Ltd.
ServicesEquity0.97%
Bajaj Holdings & Investment Ltd.
FinancialEquity0.95%
Adani Green Energy Ltd.
Capital GoodsEquity0.85%
Adani Transmission Ltd.
EnergyEquity0.64%
FSN E-Commerce Ventures Ltd.
ServicesEquity0.64%
Adani Total Gas Ltd.
EnergyEquity0.57%
Procter & Gamble Hygiene and Health Care Ltd.
Consumer StaplesEquity0.42%
Life Insurance Corporation of India
InsuranceEquity0.38%
Adani Wilmar Ltd.
Consumer StaplesEquity0.20%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity Index
Pros
Exit load is zero
Lower expense ratio: 0.32%
10Y annualised returns higher than category average by 1.08%
Cons
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower alpha: -4.66 
The fund has generated returns lower than benchmark - NIFTY Next 50 Total Return Index - in the last 3Y 
Low rating: 1
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Jun 2023 - Present
0.32%
31 May 2023 - 30 Jun 2023
0.32%
30 Apr 2023 - 31 May 2023
0.32%
31 Mar 2023 - 30 Apr 2023
0.32%
28 Feb 2023 - 31 Mar 2023
0.32%
31 Jan 2023 - 28 Feb 2023
0.32%
31 Dec 2022 - 31 Jan 2023
0.32%
31 Dec 2022 - 31 Dec 2022
0.32%
30 Nov 2022 - 31 Dec 2022
0.32%
30 Nov 2022 - 30 Nov 2022
0.32%
30 Nov 2022 - 30 Nov 2022
0.32%
31 Oct 2022 - 30 Nov 2022
0.32%
31 Oct 2022 - 31 Oct 2022
0.32%
31 Oct 2022 - 31 Oct 2022
0.32%
31 Oct 2022 - 31 Oct 2022
0.32%
30 Sep 2022 - 31 Oct 2022
0.32%
30 Sep 2022 - 30 Sep 2022
0.32%
30 Sep 2022 - 30 Sep 2022
0.32%
31 Aug 2022 - 30 Sep 2022
0.32%
31 Aug 2022 - 31 Aug 2022
0.32%
31 Jul 2022 - 31 Aug 2022
0.32%
31 Jul 2022 - 31 Jul 2022
0.32%
30 Jun 2022 - 31 Jul 2022
0.32%
30 Jun 2022 - 30 Jun 2022
0.32%
31 May 2022 - 30 Jun 2022
0.32%
31 May 2022 - 31 May 2022
0.32%
30 Apr 2022 - 31 May 2022
0.32%
30 Apr 2022 - 30 Apr 2022
0.32%
31 Mar 2022 - 30 Apr 2022
0.32%
31 Mar 2022 - 31 Mar 2022
0.32%
28 Feb 2022 - 31 Mar 2022
0.32%
28 Feb 2022 - 28 Feb 2022
0.32%
31 Jan 2022 - 28 Feb 2022
0.32%
31 Dec 2021 - 31 Jan 2022
0.32%
30 Nov 2021 - 31 Dec 2021
0.32%
31 Oct 2021 - 30 Nov 2021
0.32%
30 Sep 2021 - 31 Oct 2021
0.38%
31 Aug 2021 - 30 Sep 2021
0.32%
31 Jul 2021 - 31 Aug 2021
0.32%
30 Jun 2021 - 31 Jul 2021
0.32%
31 May 2021 - 30 Jun 2021
0.32%
30 Apr 2021 - 31 May 2021
0.32%
31 Mar 2021 - 30 Apr 2021
0.47%
28 Feb 2021 - 31 Mar 2021
0.46%
31 Jan 2021 - 28 Feb 2021
0.46%
31 Dec 2020 - 31 Jan 2021
0.49%
30 Nov 2020 - 31 Dec 2020
0.49%
31 Oct 2020 - 30 Nov 2020
0.49%
30 Sep 2020 - 31 Oct 2020
0.49%
31 Aug 2020 - 30 Sep 2020
0.49%
31 Jul 2020 - 31 Aug 2020
0.49%
30 Jun 2020 - 31 Jul 2020
0.49%
31 May 2020 - 30 Jun 2020
0.49%
30 Apr 2020 - 31 May 2020
0.49%
31 Mar 2020 - 30 Apr 2020
0.49%
29 Feb 2020 - 31 Mar 2020
0.49%
31 Jan 2020 - 29 Feb 2020
0.49%
30 Nov 2019 - 31 Jan 2020
0.49%
31 Oct 2019 - 30 Nov 2019
0.49%
30 Sep 2019 - 31 Oct 2019
0.36%
31 Aug 2019 - 30 Sep 2019
0.36%
31 Jul 2019 - 31 Aug 2019
0.36%
30 Jun 2019 - 31 Jul 2019
0.32%
31 May 2019 - 30 Jun 2019
0.32%
30 Apr 2019 - 31 May 2019
0.32%
31 Mar 2019 - 30 Apr 2019
0.24%
28 Feb 2019 - 31 Mar 2019
0.23%
31 Jan 2019 - 28 Feb 2019
0.23%
31 Dec 2018 - 31 Jan 2019
0.23%
30 Nov 2018 - 31 Dec 2018
0.23%
31 Oct 2018 - 30 Nov 2018
0.23%
30 Sep 2018 - 31 Oct 2018
0.27%
31 Aug 2018 - 30 Sep 2018
0.56%
31 Jul 2018 - 31 Aug 2018
0.56%
30 Jun 2018 - 31 Jul 2018
0.56%
31 May 2018 - 30 Jun 2018
0.56%
30 Apr 2018 - 31 May 2018
0.56%
31 Mar 2018 - 30 Apr 2018
0.56%
28 Feb 2018 - 31 Mar 2018
0.45%
31 Jan 2018 - 28 Feb 2018
0.67%
31 Dec 2017 - 31 Jan 2018
0.67%
30 Nov 2017 - 31 Dec 2017
0.67%
31 Oct 2017 - 30 Nov 2017
0.67%
Expense ratio, exit load and taxExpense ratio: 0.32%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementSumit Bhatnagar
Oct 2023 - Present
View details
Education
Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience
Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Also manages these schemes
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LIC MF Nifty Next 50 Index Fund Direct Growth
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Fund house & investment objective
IDBI Mutual Fund
Rank (total assets)#29 in India
Total AUM₹3,591.62Cr
Date of Incorporation29 Mar 2010
    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.     Uma Venkatraman 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.          
  ;
Investment ObjectiveThe 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
Scheme Information Document(SID)
Fund house contact details
Address
4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Phone
NA
Launch Date
29 Mar 2010
E-mail
NA
Website
www.idbimutual.co.in
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
IDBI Nifty Next 50 Index Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	12.2%	19.9%	9.6%	13.2%
Category average	34.0%	13.5%	16.8%	NA
Rank with in category	12	10	11	NA

Name	Sector	Instrument	Assets
LTIMindtree Ltd.	Technology	Equity	3.89%
Bharat Electronics Ltd.	Capital Goods	Equity	3.67%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	3.67%
Godrej Consumer Products Ltd.	Consumer Staples	Equity	3.34%
Pidilite Industries Ltd.	Chemicals	Equity	3.23%
Bank Of Baroda	Financial	Equity	2.89%
Info Edge (India) Ltd.	Services	Equity	2.83%
ICICI Lombard General Insurance Company Ltd.	Insurance	Equity	2.80%
Indian Oil Corporation Ltd.	Energy	Equity	2.73%
Siemens Ltd.	Capital Goods	Equity	2.73%
Dabur India Ltd.	Consumer Staples	Equity	2.71%
SRF Ltd.	Diversified	Equity	2.71%
Tata Power Company Ltd.	Energy	Equity	2.66%
Havells India Ltd.	Capital Goods	Equity	2.62%
Shree Cement Ltd.	Construction	Equity	2.60%
Hindustan Aeronautics Ltd.	Capital Goods	Equity	2.59%
PI Industries Ltd.	Chemicals	Equity	2.57%
Ambuja Cements Ltd.	Construction	Equity	2.55%
Vedanta Ltd.	Metals & Mining	Equity	2.53%
DLF Ltd.	Construction	Equity	2.47%
Interglobe Aviation Ltd.	Services	Equity	2.33%
GAIL (India) Ltd.	Energy	Equity	2.31%
Marico Ltd.	Consumer Staples	Equity	2.24%
United Spirits Ltd.	Consumer Staples	Equity	2.16%
SBI Cards And Payment Services Ltd.	Financial	Equity	2.03%
ABB India Ltd.	Capital Goods	Equity	1.91%
Page Industries Ltd.	Textiles	Equity	1.85%
Colgate-Palmolive (India) Ltd.	Consumer Staples	Equity	1.85%
ICICI Prudential Life Insurance Company Ltd.	Insurance	Equity	1.83%
Avenue Supermarts Ltd.	Services	Equity	1.74%
Canara Bank	Financial	Equity	1.65%
Indian Railway Catering And Tourism Corporation Ltd.	Services	Equity	1.59%
HDFC Asset Management Company Ltd.	Financial	Equity	1.49%
Torrent Pharmaceuticals Ltd.	Healthcare	Equity	1.43%
Samvardhana Motherson International Ltd.	Automobile	Equity	1.42%
Bosch Ltd.	Automobile	Equity	1.33%
Berger Paints India Ltd.	Chemicals	Equity	1.29%
ACC Ltd.	Construction	Equity	1.21%
Varun Beverages Ltd.	Consumer Staples	Equity	1.20%
Indus Towers Ltd.	Communication	Equity	1.13%
Muthoot Finance Ltd.	Financial	Equity	1.11%
Zomato Ltd.	Services	Equity	0.97%
Bajaj Holdings & Investment Ltd.	Financial	Equity	0.95%
Adani Green Energy Ltd.	Capital Goods	Equity	0.85%
Adani Transmission Ltd.	Energy	Equity	0.64%
FSN E-Commerce Ventures Ltd.	Services	Equity	0.64%
Adani Total Gas Ltd.	Energy	Equity	0.57%
Procter & Gamble Hygiene and Health Care Ltd.	Consumer Staples	Equity	0.42%
Life Insurance Corporation of India	Insurance	Equity	0.38%
Adani Wilmar Ltd.	Consumer Staples	Equity	0.20%

Rank (total assets)	#29 in India
Total AUM	₹3,591.62Cr

Date of Incorporation	29 Mar 2010

Fund benchmark	NIFTY Next 50 Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	1
Fund size	₹101.48Cr

IDBI Nifty Next 50 Index Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (50)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.32%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Sumit BhatnagarOct 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Sumit Bhatnagar
Oct 2023 - Present
View details