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1M
6M
1Y
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NAV: 28 Jul 2023
₹36.55
Rating
1
Min. SIP amount
Not Supported
Fund size
₹100.68Cr
Returns calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Holdings (50)
See All
Minimum investment amounts
| Min. for 1st investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
Returns and rankings
Category: Equity Index
Annualised returns
Absolute returns
| 3Y | 5Y | 10Y | All | |
|---|---|---|---|---|
| Fund returns | 19.9% | 9.6% | 14.9% | 13.2% |
| Category average | 14.3% | 15.7% | 13.7% | NA |
| Rank with in category | 25 | 18 | 19 | NA |
Understand terms
Expense ratio, exit load and tax
Expense ratio: 0.38%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (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.
Understand terms
Check past data
Fund management
Sumit BhatnagarOct 2023 - PresentView details
Sumit 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
Fund house & investment objective
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
NAWebsite
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.comPros 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
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