| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.04% |
| NAV | ₹20.19 (03 Aug 2020) |
|---|---|
| Fund Started | 20 Sep 2010 |
| Fund Size | ₹46 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Life Insurance Co Ltd. | Financial | Equity | 5.3% |
| Avenue Supermarts Ltd. | Services | Equity | 4.6% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 4.2% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 3.9% |
| Dabur India Ltd. | FMCG | Equity | 3.5% |
| Godrej Consumer Products Ltd. | FMCG | Equity | 3.5% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 3.4% |
| Lupin Ltd. | Healthcare | Equity | 2.9% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 2.9% |
| Pidilite Industries Ltd. | Chemicals | Equity | 2.8% |
IDBI Nifty Junior Index Fund Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 20 Sep 2010. Uma Venkatraman is the Current Fund Manager of IDBI Nifty Junior Index Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹46 Cr and the Latest NAV as of 03 Aug 2020 is ₹20.19.
The IDBI Nifty Junior Index Fund 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.