Top 10 Idbi Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
IDBI Diversified Equity FundEquityModerately High-3.6%3star326
IDBI Equity Advantage FundEquityModerately High-6.6%3star570
IDBI Midcap FundEquityModerately High-11.1%2star208
IDBI India Top 100 Equity FundEquityModerately High0.0%1star371
IDBI Focused 30 Equity FundEquityModerately High-4.3%1star245
IDBI Small Cap FundEquityModerately High-10.1%1star149
View All Top 10 Idbi Mutual Funds

Best IDBI Equity Mutual Funds

IDBI bank is one the largest bank in the countries and has played a subsequently large role in the economic and financial progress of the country. It has been in the financial industry for over 40 years has developed itself into a commercial bank since then.

IDBI boasts of having a host a of innovative products and presents a wide counter of mutual funds keeping in mind investor objectives. The asset management company pioneers to bring about world class service to its investors through strategic investing decisions that will optimize investor's capital.

The mission of the company states that it looks to assist a common man to make informed investment decisions through mutual funds, which will further help the investor attain prosperity through the capital market.

Equity Savings Fund typically invests the total capital in three segments- pure equity, arbitrage and debt funds. Generally, one-third of the total capital in pure equity, one-third in debt funds and the balance in arbitrage funds. However, the composition varies from fund to fund. The equity component can vary from 20-40% approx and depends on the type of mutual fund.

These funds outperform debt funds over taxation and treated as equity funds for taxation. If sold before a year, short term capital gains are taxed at 15% and if sold after a year, no tax is levied on the gains.

Purpose: Invest here for your longer duration to get higher returns than debt funds.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

IDBI Diversified Equity Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 6.1% annualized returns in the last 3 years. In the last 1 year, it gave -3.57% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.57% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ashish Mishra

Launch Date27 Mar 2014
Min Investment Amt5,000
Groww Rating3star
AUM326Cr
1Y Returns-3.6%

IDBI Equity Advantage Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 6.44% annualized returns in the last 3 years. In the last 1 year, it gave -6.61% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -6.61% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: V Balasubramanian

Launch Date09 Sep 2013
Min Investment Amt500
Groww Rating3star
AUM570Cr
1Y Returns-6.6%

IDBI Midcap Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Mid Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -11.07% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -11.07% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ashish Mishra

Launch Date24 Jan 2017
Min Investment Amt5,000
Groww Rating2star
AUM208Cr
1Y Returns-11.1%

IDBI India Top 100 Equity Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 6.56% annualized returns in the last 3 years. In the last 1 year, it gave 0.04% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.04% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Uma Venkatraman

Launch Date01 Jan 2013
Min Investment Amt5,000
Groww Rating1star
AUM371Cr
1Y Returns0.0%

IDBI Focused 30 Equity Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Focused segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -4.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.26% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.

Fund Manager: V Balasubramanian

Launch Date26 Nov 2017
Min Investment Amt5,000
Groww Rating1star
AUM245Cr
1Y Returns-4.3%

IDBI Small Cap Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Small Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -10.05% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.05% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Uma Venkatraman

Launch Date20 Jun 2017
Min Investment Amt5,000
Groww Rating1star
AUM149Cr
1Y Returns-10.1%

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What does investing in IDBI Equity Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in IDBI Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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