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IDBI Mutual Fund

Investors can invest in IDBI Mutual funds to achieve and accomplish their financial goals and objectives. The main advantages of IDBI Mutual Fund is that the fund like all other funds is regulated by SEBI, to safeguard the investor's interest. No long-term Capital Gain Tax on equity funds, if units held are for more than one year is another advantage. Tax-free dividends is yet another. Most open-ended funds redeem within three working days at the current NAV. The investor can easily invest and it is also easy to redeem.

IDBI Mutual Fund NAV and Scheme Details

Scheme Name Current NAV Scheme Category
IDBI Credit Risk Fund 13.60 Debt - Income -5.31%
IDBI Credit Risk Fund 10.17 Debt - Income -5.32%
IDBI Credit Risk Fund 9.62 Debt - Income -7.57%
IDBI Credit Risk Fund - Direct Plan 14.34 Debt - Income -4.66%
IDBI Credit Risk Fund - Direct Plan 10.97 Debt - Income -4.66%
IDBI Credit Risk Fund - Direct Plan 9.78 Debt - Income -7.08%
IDBI Diversified Equity Fund 22.61 Equity - Diversified 11.16%
IDBI Diversified Equity Fund 15.54 Equity - Diversified 1.24%
IDBI Diversified Equity Fund - Direct Plan 24.40 Equity - Diversified 12.91%
IDBI Diversified Equity Fund - Direct Plan 17.03 Equity - Diversified 3.53%
IDBI Hybrid Equity Fund 11.62 Equity - Hybrid 3.97%
IDBI Hybrid Equity Fund 11.02 Equity - Hybrid 3.97%
IDBI Hybrid Equity Fund - Direct Plan 12.29 Equity - Hybrid 5.30%
IDBI Hybrid Equity Fund - Direct Plan 11.69 Equity - Hybrid 5.31%
IDBI Midcap Fund 10.96 Equity - Diversified 4.98%
IDBI Midcap Fund 10.28 Equity - Diversified 4.90%
IDBI Midcap Fund - Direct Plan 11.67 Equity - Diversified 6.38%
IDBI Midcap Fund - Direct Plan 10.97 Equity - Diversified 6.40%
IDBI Small Cap Fund 9.51 Equity - Diversified 3.48%
IDBI Small Cap Fund 9.51 Equity - Diversified 3.48%

The IDBI Mutual Fund was set up a trust on 19th February 2010 according to the rules of the Indian Act, 1882 with IDBI Bank Limited as the sponsor and IDBI MF Trustee Company Limited as the Trustees.
On 1908 the trust deed was registered under the Indian Registration Act. On 29th March 2010, the Mutual Fund was registered with SEBI with Registration number MF/064/10/01. IDBI Mutual Fund was funded by IDBI Bank Limited. The investor is the mutual fund, investment settlor. IDBI Bank provided the trustee with a total amount of Rs 20 lac as the primary contribution to the Mutual Fund Corpus. IDBI MF Trustee Company Limited has its registered office at IDBI building, WTC Plaza, Cuffe Parade, Colaba, Mumbai 400 005 in accordance with the Companies Act, 1956 and has updated from time to time.

IDBI Mutual Fund has a strategy of fostering financial involvement by enabling the investors to invest in a mutual fund as per their choices and also add them into the capital market growth. IDBI MF has been listed as one of the Indian Financial Market best-performing investment schemes. The key products Gold, Hybrid Funds, Equity, Debt has given an annual return of up to 13.2% compared to the amount invested. The assets under (AUMs) of IDBI Mutual Funds are reportedly more than Rs 6000 crore with 88 schemes. Investors may choose from various options and make the investment in the fund scheme which is appropriate to their needs and lets them achieve their long-term financial target and dreams.

IDBI Mutual Fund Sponsors

The sponsorship of IDBI Mutual Fund is IDBI Bank Limited.

The sponsor is the trustee of the Mutual Fund. The initial contribution to the corpus of the mutual fund was Rs 20 lac entrusted to the trustee.

IDBI Bank Ltd has been attempting a key nation building role for over 50 years first as the industry related apex Development Financial Institution (DFI) and now as a full-service commercial bank. IDBI has become a global bank now As of 21st January 2019, LIC acquired 51% of IDBI Bank's controlling stake. Since March 31st 2019 the majority shareholder of the bank is LIC of India 51% and the government of India 45.46% the balance ism widely accepted by the government. As of March 31st 2019, the total number of branches is 1892. This includes RBG/RBG Specialized Branches – 1855, Specialized Corporate Branches – 30, Centralized Clearing Units -4, Treasury -1, International/Overseas Branches – 2.

The Trustee

IDBI MF Trustee Company Ltd constituted under the companies act, 1956 and as modified from time to time, has its registered office at IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400 005.

In compliance with the 1996 regulations of the SEBI, the trustee ensures that transactions entered into with the AMC, and also reviews activities undertaken by the AMC.

Asset Management Company

IDBI Asset Management Company Ltd appointed by the trustee vide Investment Management Agreement which was concluded between IDBI MF Trustee Company and IDBI AMC on 20th February 2010 as the asset management company of IDBI Mutual Fund. IDBI Asset Management Ltd is a subsidiary of the IDBI Bank Limited Company. Now the AMC is not involved in any other business activity except an Investment Manager for the IDBI Mutual Fund Schemes. u/r 24 (b) of SEBI (MF) Regulations, 1996, AMC submitted an application for the resumption of the additional business to SEBI to comply with the provisions of the aforementioned regulations stipulating the absence of any material conflict interest.

Types of IDBI Mutual Fund

Equity Funds

IDBI Equity Funds are rare type of mutual funds, index fund or exchange trade fund, that enable the investors to invest in common stocks and equities, rather than securities.

IDBI Equity Advantage Fund

This scheme seeks to invest primarily in a diversified portfolio of stock and asset linked instruments with the goal of providing the potential to the shareholders for capital appreciations and profits along with the advantage of deduction of income tax (under section 80C of the income tax act, 1961) on their investments. This scheme is ideal for those investors who are aiming for long term capital growth and equity-linked savings investment in stocks and equity relevant instruments aimed at allowing shareholders to gain capital appreciation and profit benefits along with income tax deduction (under Section 80C of the Income Tax Act, 1961) on their investments subject to a 3 year legal lock-in period. 

Investment Objective

The scheme will pursue to invest primarily in a diversified portfolio of equity and equity-related instruments, with the aim of providing investors with opportunities for capital growth and income, along with the benefit of the income tax deduction on their investments. Investment within the scheme is subject to a 3 year legal lock-in period from the date of the allocation valid under Section 80C for income tax advantages. No assurances can be made that the investment target in the scheme is fulfilled.

Liquidity

The Scheme being offered is an open-ended scheme and provides units for sale/switch-in and redemption switch-out at NAV based prices on every working day. Pursuant to SEBI (MF) Regulations, the Mutual Fund shall dispatch redemption proceeds within 10 Business Days of receiving a valid request for redemption. A penal interest of 15% per annum or any other rate as may be prescribed by SEBI from time to time, will be paid in case the redemption proceeds are not rendered within 10 Business Days of the date of receipt of a legitimate redemption request.

Plans and Options for the Investment

The proposed scheme is an open-ended scheme which provides units for sale/switch-in and redeeming at NAV based rates on all working days. Pursuant to SEBI regulations, the mutual fund shall dispatch the proceeds of redemption within 10 business days of receipt of a valid request for redemption. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the redemption proceeds are not made within 10 Business Days of the date of receipt of a valid redemption request

Loads:-

Entry Load- No entry load. The upfront commission, if any, to the distributor on the investment made by the investor will be paid by the investor directly to the distributor, based on his assessment of various factors including the service provided by the ARN Holder.

Exit Load- Repurchase STP and SWP from the scheme will only be made available upon completion of the legal lock-in term of 3 years. In the event of the death of the assessee, the nominee or legal heir, as the case may be, shall be able to withdraw the investment only after the completion of one year from the date of allotment of the units to the assessee or any time thereafter. The exit load will be applicable for both normal transactions and SIP transactions (to each instalment). In case of SIP, the date of allocation for every instalment for subscription will be considered for charging exit load on redemption.

Requirement of Minimum Investors in the Scheme

The Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme/Plan. In case the Scheme does not have a minimum of 20 investors in the specified period, the provisions of Regulation 39(2)(c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme shall be wound up and the units would be redeemed the relevant NAV.

Advantages of IDBI Equity Advantage Fund

  • ELSS Scheme lock-in period is much lower than traditional tax-saving instruments such as the Public Provident Fund, National Saving Certificate and fix deposits of bank offering tax benefits.
  • Investors may save up to Rs 53,820/- per year by investing in the IDBI Equity Advantage Fund under Section 80C of Income Tax Act, 1961.
  • IDBI Equity Advantage Fund invests across market capitals with no sector bias. The scheme gives its investors an ability for capital growth along with an income tax deduction on their assets.
  • Scheme investment is subject to a 3-year lock-in period. Long-term investments are advantageous to investors.
  • One can invest small amounts each month through the SIP route instead of waiting until March of each year.
  • The minimum investment can be started from Rs 500.
  • SIP offers the benefit of rupee cost averaging
  • No need to time the market if investors invest through SIP
  • A hasty judgment on tax planning and its long term effects can be avoided.

Features of IDBI Equity Advantage Fund

Investors can invest up to Rs 1.5 lac in ELSS to take advantage of the tax benefits.

It is an Open-ended Equity Linked Saving Scheme (ELSS)

Investors can investment across sectors without any market capitalization bias

This fund is available in Lumpsum and Systematic Investment Plan (SIP) option

Ideal for those investors who are looking for long-term investment opportunities to save tax and want access to market-related returns on investments.

Scheme Category- ELSS

Benchmark- S&P BSE 200 - Total Return Index (TRI)

Inception Date- 10th September 2013

Monthly Average AUM- Rs 584.53 Cr

AUM as on 31st October 2019- Rs 604.92 Cr

Minimum Investment- Rs.500 and in multiples of Rs.500 thereafter

Additional Purchase- Rs.500 and in multiples of Rs.500 thereafter

SIP- Monthly option - Rs.500 per month for at least 12 months or Rs.1000 per month for a minimum period of 6 months, Quarterly option - Rs.1500 per quarter for a minimum period of four quarters

Load Structure

Entry Load- NIL

Exit Load- Nil, Investment under the scheme is subject to a lock-in period of 3 years.

Plans and Options- Growth Option, Dividend Option

NAV as on 31st October 2019 (Rs per unit)

Growth- 28.38(Regular), 30.50(Direct)

Dividend- 18.85(Regular), 20.59(Direct)

Expense Ratio as on 31st October 2019

Regular- 2.38%

Direct- 1.15%

Industry Classification as on 31st October 2019 (excluding TREPS and Cash & Cash Receivables)

  • Petroleum Products- 0.48%
  • Transportation- 1.28%
  • Industrial Products- 1.48%
  • Pharmaceuticals- 3.89%
  • Textile Products- 4.96%
  • Chemicals- 5.61%
  • Consumer Durables- 5.68%
  • Auto- 7.15%
  • Industrial Capital Goods- 7.24%
  • Banks- 8.45%
  • Finance- 10.65%
  • Auto Ancillaries- 10.75%
  • Consumer Non-Durables- 24.04%

Top 10 Portfolio as on 31st October 2019

  • Bata India Ltd- 5.68
  • Pidilite Industries Ltd- 5.61
  • VST Industries Ltd- 5.49
  • TVS Motor Co Ltd.- 5.40
  • Cholamandalam Investment & Finance Co. Ltd- 5.38
  • MRF Ltd- 5.24
  • Kotak Mahindra Bank Ltd- 4.97
  • Page Industries Ltd- 4.96
  • Asian Paints Ltd- 4.76
  • ABB India Ltd- 4.13

Fund Manager- Mrs Uma Venkatraman, have a total experience of more than 16 years

Co-fund manager- Ms Ayushi Sethia, have a total experience of more than 2 years.

IDBI India Top 100 Equity Fund

It is an open-ended equity scheme predominantly investing in large-cap stocks. It invests in stocks that are among the Top 100 companies based on their market capitalization. Portfolio of the scheme is actively managed and well-diversified across market capitalizations and sectors to realize the scheme objectives. The scheme uses a top-down and bottom-up approach of Research for stock selection.

Why to invest in IDBI India Top 100 Equity Fund?

  • The scheme mainly invests in large-cap companies that are market leaders defining the markets.
  • Then scheme mainly invests in large-cap companies that are a substitute for the economy and have the potential to grow.
  • The scheme mainly invests in leading companies in the market with a proven track record of profit.
  • The scheme mainly invests in large-cap companies that have large economies of scale offering cost advantage
  • The scheme mainly invests in large-cap companies that have strong corporate governance practices.
  • The scheme mainly invests in large-cap companies that have generated wealth for its investors slowly and steadily over the long term
  • The scheme mainly invests in large-cap companies that have the potential to provide steady returns with relatively lower risk along with regular dividends.
  • The scheme offers diversification as it invests across market capitalizations and sectors. This helps to reduce the concentration risk and to benefit from the potential growth of several segments of the economy.

Targeted Investors

  • Investors interested in BlueChip or Large Cap Stocks that are considered relatively more resilient than mid-cap and small-cap stocks
  • Investors who are willing for reasonable returns over the long term
  • Conservative Equity Mutual Fund Investors or new entrants to the equity markets with medium to long term investment horizon

Asset Allocation

  • Equities and equity-related instruments of Large-Cap Companies have an indicative asset allocation of a minimum of 80% to a maximum of 100% with a high-risk profile.
  • Equities and Equity related instruments of other than Large Cap Companies have an indicative asset allocation of a minimum of 0% to a maximum of 20% with high-risk profile.
  • Debt and Money market instruments have an indicative asset allocation of a minimum of 0% to a maximum of 20% with a low-medium risk profile.
  • Units issued by Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) have an indicative asset allocation of a minimum of 0% to a maximum of 10% with medium to high-risk profile.

Industry Classification (for equity & equity related)

  • Pesticides- 0.14%
  • Industrial Products- 0.92%
  • Industrial Capital Goods- 0.97%
  • Gas- 1.13%
  • Auto Ancillaries- 1.56%
  • Auto- 2.20%
  • Chemicals- 2.65%
  • Pharmaceuticals- 2.87%
  • Construction Project- 3.80%
  • Consumer Durables- 5.07%
  • Software- 7.58%
  • Petroleum Products- 8.63%
  • Finance- 13.05%
  • Consumer Non-Durables- 15.82%
  • Banks- 23.34%

Load Structure

  • Entry Load- NIL
  • Exit Load for Lumpsum - 1% for exit (Redemption Switch-out/Transfer/SWP) within 12 months from the date of allotment.
  • Exit Load for SIP - 1% for exit (Redemption/Switch-out/Transfer/SWP) within 12 months from the date of allotment of each instalment.

Quantitative Measures as on 31st October 2019

  • Standard Deviation- 3.9365%
  • Beta- 0.9875
  • Sharpe Ratio- 0.0559
  • Portfolio Turnover Ratio- 0.16

Expense Ratio as on 31st October 2019

  • Regular- 2.59%
  • Direct- 1.42%

NAV as on 31st October 2019 (Rs per unit)

  • Growth- 25.53(Regular), 27.49(Direct)
  • Dividend- 16.75(Regular), 18.35(Direct)

Minimum Application Amount

  • Single Investment - Rs. 5000
  • Additional Purchase - Rs. 1000

SIP

  • Monthly option – Rs 500 per month for a minimum period of 12 months or Rs 1000 per month for a minimum period of 6 months
  • Quarterly option – Rs 1500 per quarter for a minimum period of 4 quarters
  • Investments above the minimum amount mentioned shall be made in multiples of Re 1

Features of IDBI India Top 100 Equity Fund

  • Inception Date- 15th May 2012
  • Risk- Moderately High
  • Benchmark- Nifty 100 - Total Return Index (TRI)
  • Monthly Average AUM- Rs 367.48 Crs
  • AUM as on 31st October 2019- Rs 377.59 Crs.

Top 10 Portfolio as on 31/10/2019 with % to Net Assets

  • Reliance Industries Ltd- 8.63
  • HDFC Bank Ltd- 8.39
  • ICICI Bank Ltd- 4.95
  • Housing Development Finance Corpn. Ltd- 4.92
  • TATA Consultancy Services Ltd- 4.20
  • Kotak Mahindra Bank Ltd- 4.16
  • Larsen & Toubro Ltd- 3.80
  • Infosys Ltd- 3.38
  • Procter & Gamble Hygiene and Health Care Ltd- 3.16
  • Bajaj Finance Ltd- 2.74

Fund Manager

Mrs Uma Venkatraman (Managing the Scheme since 5th September 2017)

Total Experience- Over 16 Years

IDBI Diversified Equity Fund

It is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks. The primary goal of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing in a diversified portfolio of Equity and Equity related instruments across market capitalization.

NAV as on 31st October 2019 (Rs per unit)

Regular

Growth- 22.32

Dividend- 15.34

Direct

Growth- 24.01

Dividend- 16.76

Expense Ratio as on 31st October 2019

Regular- 2.53%

Direct- 1.17%

Quantitative Measures as on 31st October 2019

Standard Deviation- 3.7562%

Beta- 0.8346

Sharpe Ratio- 0.0580

Portfolio Turnover Ratio^^ 0.26

Load Structure

Entry Load- NA

Exit Load

For Lumpsum- 1% for exit (Redemption/Switch-out/Transfer/SWP) within 12 months from the date of allotment.

For SIP- 1% for exit (Redemption/Switch-out/Transfer/SWP) within 12 months from the date of allotment of each installment.

Top 10 Industry Classification (excluding TREPS and Cash & Cash Receivables)

  • Consumer Non Durables- 20.37%
  • Finance- 13.71%
  • Banks- 12.48%
  • Auto Ancillaries- 6.57%
  • Industrial Products- 6.39%
  • Chemicals- 6.18%
  • Pharmaceuticals- 5.42%
  • Media & Entertainment- 3.92%
  • Gas- 3.34%
  • Industrial Capital Goods- 3.19%

Features of IDBI Diversified Equity Fund

  • Date of Allocation- 28th March 2014
  • Benchmark: S&P BSE 500 - Total Return Index (TRI)
  • Monthly Average AUM: Rs 326.09 Cr.
  • AUM as on 31st October 2019: Rs 336.27 Cr
  • Risk- Moderately High

Top 10 Portfolio with % to Net Assets as on 31st October 2019

  • Hindustan Unilever Ltd- 6.51
  • HDFC Bank Ltd- 6.04
  • PVR Ltd- 3.92
  • Gillette India Ltd- 3.56
  • Abbott India Ltd- 3.40
  • SBI Life Insurance Co. Ltd- 3.30
  • Britannia Industries Ltd- 3.27
  • Bajaj Finance Ltd- 3.21
  • Kotak Mahindra Bank Ltd- 3.02
  • Pidilite Industries Ltd- 2.70

Fund Manager

Mrs Uma Venkatraman

Managing the fund since- 20th June 2019 and has a total experience of over 16 Years

IDBI Nifty Index Fund

It is an open-ended scheme replicating/ tracking the Nifty 50 Index. The primary goal of the scheme is to invest only in and all the stocks comprising the Nifty 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 50 Index.

Top 5 Sector Holding

  • Banks- 28.99%
  • Software- 13.01%
  • Petroleum Products- 11.82%
  • Consumer Non Durables- 11.24%
  • Finance- 10.46%

Top 10 Portfolio Holding

  • HDFC Bank Ltd- 10.86
  • Reliance Industries Ltd- 10.23
  • Housing Development Finance Corpn. Ltd- 7.50
  • ICICI Bank Ltd- 6.11
  • Infosys Ltd- 5.13
  • TATA Consultancy Services Ltd- 4.87
  • ITC Ltd- 4.52
  • Kotak Mahindra Bank Ltd- 4.30
  • Larsen & Toubro Ltd- 3.71
  • Axis Bank Ltd- 3.35

Expense Ratio

  • Regular: 1.03%
  • Direct: 0.30%

NAV

Regular

Growth- 21.9608

Dividend- 20.9421

Direct

Growth- 23.2748

Dividend- 22.2000

Fund Management

  • Date of Allocation- 25th June 2010
  • Benchmark: Nifty 50 - Total Return Index (TRI)
  • Monthly Average AUM: Rs 221.33 Crs.
  • AUM as on last day- Rs 229.02 Crs.
  • Entry Load- NA
  • Exit Load- Nil
  • Risk- Moderately High
  • Fund Manager- Mr Firdaus Marazban Ragina (Managing the Scheme since 9th October 2018)

IDBI Nifty Junior Index Fund

Type of Scheme- An open-ended scheme replicating/ tracking the Nifty Next 50 Index.

Scheme Objective- The scheme 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.

Top 10 Sector Holding

  • Finance- 25.36%
  • Consumer Non Durables- 19.79%
  • Pharmaceuticals- 11.64%
  • Cement- 6.87%
  • Transportation- 3.96%
  • Banks- 3.68%
  • Auto Ancillaries- 3.66%
  • Petroleum Products- 3.19%
  • Gas- 2.82%
  • Chemicals- 2.80%

Top 10 Portfolio Holding

  • SBI Life Insurance Co. Ltd- 4.82
  • HDFC Life Insurance Co. Ltd- 4.15
  • Godrej Consumer Products Ltd- 3.68
  • Dabur India Ltd- 3.43
  • Hindustan Petroleum Corpn. Ltd- 3.19
  • Shree Cement Ltd- 3.18
  • Divi's Laboratories Ltd- 2.94
  • Petronet LNG Ltd- 2.82
  • ICICI Lombard General Insurance Co. Ltd- 2.80
  • Pidilite Industries Ltd- 2.80

Expense Ratio

  • Regular: 1.04%
  • Direct: 0.49%

NAV

Regular

Growth- 21.6706

Dividend- 21.6706

Direct

Growth- 22.9959

Dividend- 22.9959

Fund Management

  • Date of Allocation- 20th September, 2010
  • Benchmark: Nifty Next 50 - Total Return Index (TRI)
  • Monthly Average AUM: Rs 51.97 Crs.
  • Latest AUM- Rs 54.03 Crs.
  • Entry Load- NA
  • Exit Load- Nil
  • Risk- Moderately High
  • Fund Manager- Mr. Firdaus Marazban Ragina

IDBI Midcap Fund

Type of Scheme- An open-ended equity scheme predominantly investing in mid cap stocks.

Scheme Objective- To generate investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies.

Top 10 Sector Holding

  • Banks- 10.05%
  • Industrial Products- 9.96%
  • Consumer Non Durables- 7.06%
  • Finance- 6.73%
  • Cement- 6.63%
  • Auto Ancillaries- 6.23%
  • Software- 6.00%
  • Pharmaceuticals- 4.72%
  • Consumer Durables- 4.33%
  • Retailing- 3.91%

Top 10 Portfolio Holding

  • Supreme Industries Ltd- 3.92
  • Trent Ltd- 3.91
  • Info Edge (India) Ltd- 3.20
  • Escorts Ltd- 3.09%
  • PI Industries Ltd- 2.97
  • AIA Engineering Ltd- 2.96
  • The Federal Bank Ltd- 2.95
  • Crompton Greaves Consumer Electricals Ltd- 2.91
  • Gillette India Ltd- 2.64
  • Endurance Technologies Ltd- 2.63

Expense Ratio

  • Regular: 2.65%
  • Direct: 1.71%

NAV

Regular

  • Growth- 10.42
  • Dividend- 9.78

Direct

  • Growth- 11.08
  • Dividend- 10.42

Fund Management

  • Date of Allocation- 25th January 2017
  • Benchmark: NIFTY Midcap 100 - Total Return Index (TRI)
  • Monthly Average AUM: Rs 197.35 Crs.
  • AUM as on last day: Rs 196.36 Crs.
  • Portfolio Turnover Ratio^^: 0.36
  • Entry Load- NA
  • Exit Load- 1% for exit within 12 months from the date of allotment.
  • Risk- Moderately High
  • Fund Manager- Mrs. Uma Venkatraman (Managing the Scheme since 20th June, 2019)

IDBI Small Cap Fund

Type of Scheme- An open-ended equity scheme predominantly investing in small cap stocks

Scheme Objective- To generate investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small Cap companies.

Top 10 Sector Holding

  • Industrial Products: 26.09%
  • Construction: 7.53%
  • Auto Ancillaries: 5.85%
  • Consumer Non Durables: 5.63%
  • Finance: 5.50%
  • Banks: 5.45%
  • Chemicals: 5.19%
  • Transportation: 4.80%
  • Construction Project: 4.44%
  • Cement: 4.39%

Top 10 Portfolio Holding

  • AIA Engineering Ltd: 2.90
  • Goodyear India Ltd: 2.85
  • Mold-Tek Packaging Ltd: 2.83
  • Elantas Beck India Ltd: 2.82
  • Grindwell Norton Ltd: 2.81
  • Ahluwalia Contracts (India) Ltd: 2.63
  • Star Cement Ltd: 2.63
  • Camlin Fine Sciences Ltd: 2.60
  • Cera Sanitaryware Ltd: 2.60
  • Garware Technical Fibres Ltd: 2.60

Expense Ratio

  • Regular: 2.56%
  • Direct: 1.60%

NAV in Rs

Regular

  • Growth- 8.96
  • Dividend- 8.96

Direct

  • Growth- 9.47
  • Dividend- 9.47

Fund Management

  • Date of Allocation- 21st June 2017
  • Benchmark: NIFTY Smallcap 250 - Total Return Index (TRI)
  • Monthly AAUM: Rs 135.24 Cr
  • AUM as on last day: Rs Rs 132.19 Cr
  • Portfolio Turnover Ratio^^ : 0.27
  • Entry Load- NA
  • Exit Load- 1% for exit within 12 months from the date of allotment.
  • Risk- Moderately High
  • Fund Manager- Mrs Uma Venkatraman (Managing the Scheme since 5th September 2017)

IDBI Focused 30 Equity Fund

Type of Scheme- An open-ended equity scheme investing in maximum 30 stocks

Scheme Objective- To generate to long term capital appreciation by investing in concentrated portfolio of large cap focused equity and equity related instruments of up to 30 companies and balance in debt and money market instruments.

NAV in Rs

Regular

  • Growth- 10.12
  • Dividend- 10.12

Direct

  • Growth- 10.57
  • Dividend- 10.57

Expense Ratio

  • Regular: 2.55%
  • Direct: 1.67%

Top 10 Sector Holding

  • Finance: 24.54%
  • Consumer Non Durables: 19.51%
  • Banks: 16.05%
  • Software: 6.75%
  • Pharmaceuticals: 5.89%
  • Auto: 5.42%
  • Construction Project: 5.42%
  • Petroleum Products: 5.26%
  • Ferrous Metals: 1.64%
  • Industrial Capital Goods: 1.59%

Top 10 Portfolio Holding in %

  • HDFC Bank Ltd: 9.19
  • Housing Development Finance Corpn. Ltd: 5.97
  • Larsen & Toubro Ltd: 5.42
  • ICICI Bank Ltd: 4.86
  • ICICI Prudential Life Insurance Co. Ltd: 4.78
  • Bajaj Finserv Ltd: 4.76
  • Reliance Industries Ltd: 4.56
  • GlaxoSmithKline Consumer Healthcare Ltd; 4.50
  • Asian Paints Ltd: 4.39
  • Tata Consultancy Services Ltd: 4.12

Fund Management

  • Date of Allocation- 17th November, 2017
  • Benchmark: NIFTY 100 - Total Return Index (TRI)
  • Monthly AAUM- Rs 207.08 Cr
  • AUM as on last day- Rs 196.45 Cr
  • Entry Load- NA
  • Exit Load- 1% for exit within 12 months from the date of allotment.
  • Risk- Moderately High
  • Fund Manager- Mrs. Uma Venkatraman (Managing the Scheme since 20th June, 2019)

IDBI Banking & Financial Services Fund

Type of Scheme- An open ended equity scheme investing in Banking & Financial Services Sector

Scheme Objective- To generate investors maximum growth opportunities and to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Banking and Financial Services Sector.

NAV in Rs

Regular

  • Growth- 11.31
  • Dividend- 11.31

Direct

  • Growth- 11.67
  • Dividend- 11.67

Expense Ratio

  • Regular: 2.50%
  • Direct: 1.60%

Sector Holding

  • Finance- 29.39%
  • Banks- 65.73%

Top 10 Portfolio Holding

  • HDFC Bank Ltd- 20.38%
  • ICICI Bank Ltd- 14.74%
  • Housing Development Finance Corpn. Ltd- 13.01%
  • Kotak Mahindra Bank Ltd- 8.72%
  • Axis Bank Ltd- 6.91%
  • State Bank of India- 5.24%
  • Bajaj Finance Ltd- 4.23%
  • IndusInd Bank Ltd- 3.82%
  • Cholamandalam Investment & Finance Co. Ltd- 2.68%
  • Bajaj Finserv Ltd- 2.37%

Fund Management

  • Date of Allocation- 4th June 2018
  • Benchmark- NIFTY Financial Services - Total Return Index (TRI)
  • Monthly Average AUM: Rs 133.08 Cr
  • AUM as on last day- Rs 131.00 Cr
  • Entry Load- NA
  • Exit Load- 1% for exit (repurchase/switch out/transfer/SWP) within 12 months from the date of allotment.
  • Risk- High
  • Plans- Regular and Direct
  • Options- Growth and Dividend
  • Minimum Investment Amount- Rs 5000
  • Minimum Additional Amount- Rs 1000
  • Fund Manager- Mrs. Uma Venkatraman (Managing the Scheme since inception)

IDBI Long Term Value Fund

Type of Scheme- An open ended equity scheme following value investment strategy

Scheme Objective- To seek long-term capital appreciation along with regular income by investing predominantly in equity and equity related instruments by following value investing strategy.

NAV in Rs

Regular

  • Growth- 10.41
  • Dividend- 10.41

Direct

  • Growth- 10.66
  • Dividend- 10.66

Expense Ratio

  • Regular: 2.65%
  • Direct: 1.77%

Top 10 Sector Holding

  • Finance- 13.55%
  • Banks- 10.09%
  • Petroleum Products- 8.20%
  • Pharmaceuticals- 7.98%
  • Auto- 6.75%
  • Auto Ancillaries- 5.79%
  • Cement- 5.41%
  • Gas- 5.07%
  • Software- 4.12%
  • Construction Project- 3.91%

Top 10 Portfolio Holding

  • Reliance Industries Ltd- 8.20%
  • Housing Development Finance Corpn. Ltd- 4.34%
  • HDFC Bank Ltd- 3.85%
  • ICICI Bank Ltd- 3.48%
  • Bajaj Holdings & Investment Ltd- 3.23%
  • NTPC Ltd- 3.06%
  • MRF Ltd- 2.87%
  • Ambuja Cements Ltd- 2.47%
  • Sun Pharmaceutical Industries Ltd- 2.38%
  • Maruti Suzuki India Ltd- 2.34%

Fund Management

  • Date of Allocation- 20th August 2018
  • Benchmark: S&P BSE 500 - Total Returns Index (TRI)
  • Monthly Average AUM: Rs 137.45 Crs.
  • AUM as on last day- Rs 132.48 Crs.
  • Entry Load- NA
  • Exit Load- 1% for exit (repurchase/switch out/transfer/SWP) within 12 months from the date of allotment.
  • Risk- Moderately High
  • Plans- Regular and Direct
  • Options- Growth and Dividend
  • Minimum Investment Amount- Rs 5000
  • Minimum Additional Investment-m Rs 1000
  • Minimum SIP- Rs 500
  • Fund Manager- Mrs. Uma Venkatraman (Managing the Scheme since inception)

IDBI Dividend Yield Fund

Type of Scheme- An open ended equity scheme predominantly investing in dividend yielding stocks

Scheme Objective- To generate long term capital appreciation and/or dividend distribution by investing predominantly in dividend yielding equity and equity related instruments.

Month End NAV in Rs

Regular

  • Growth- 10.78
  • Dividend- 10.78

Direct

  • Growth- 10.97
  • Dividend- 10.97

Expense Ratio

  • Regular: 2.73%
  • Direct: 1.07%

Top 10 Sector Holding

  • Software- 11.53%
  • Finance- 10.95%
  • Pharmaceuticals- 9.10%
  • Gas- 8.59%
  • Power- 7.15%
  • Banks- 5.34%
  • Consumer Non Durables- 5.29%
  • Auto- 5.22%
  • Petroleum Products- 3.91%
  • Industrial Products- 3.75%

Top 10 Portfolio Holding

  • Infosys Ltd- 4.76%
  • Multi Commodity Exchange of India Ltd- 3.34%
  • Mahanagar Gas Ltd- 3.12%
  • Abbott India Ltd- 3.00%
  • Petronet LNG Ltd- 2.98%
  • IPCA Laboratories Ltd- 2.83%
  • Power Grid Corpn of India Ltd- 2.52%
  • NHPC Ltd- 2.51%
  • ICICI Bank Ltd- 2.49%
  • Hindustan Petroleum Corpn. Ltd- 2.40%

Fund Management

  • Date of Allocation- 21st December 2018
  • Benchmark: NIFTY Dividend Opportunities 50 - Total Return Index (TRI)
  • Monthly Average AUM: Rs 104.50 Cr
  • AUM as on last day- Rs 102.95 Cr
  • Entry Load- NA
  • Exit Load- 1% repurchase/switch out/transfer/SWP within 12 months from the date of allotment.
  • Risk- Moderately High
  • Plans- Regular and Direct
  • Options- Growth and Dividend
  • Minimum Investment Amount- Rs 5000
  • Minimum Additional Investment-m Rs 1000
  • Minimum SIP- Rs 500
  • Minimum No. of Cheques- 12
  • Minimum Withdrawal- Rs 1000
  • Fund Manager- Mrs. Uma Venkatraman (Managing the Scheme since 20th June 2019)

IDBI Healthcare Fund

Type of Scheme- An open-ended equity scheme investing in Healthcare and Allied sectors

Scheme Objective- To generate long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Healthcare and Allied sectors

Month End NAV in Rs

Regular

  • Growth- 10.60
  • Dividend- 10.60

Direct

  • Growth- 10.75
  • Dividend- 10.75

Expense Ratio

  • Regular: 2.72%
  • Direct: 1.07%

Asset Allocation

  • Pharmaceuticals- 75.64%
  • Healthcare Services- 5.93%
  • Finance- 2.03%
  • Chemicals- 1.81%

Top 10 Portfolio Holding

  • Sun Pharmaceutical Industries Ltd- 10.33%
  • Divi's Laboratories Ltd- 7.66%
  • Cipla Ltd- 7.15%
  • Lupin Ltd- 6.19%
  • Sanofi India Ltd- 5.42%
  • IPCA Laboratories Ltd- 5.25%
  • Dr. Reddy's Laboratories Ltd- 4.46%
  • Aurobindo Pharma Ltd- 4.41%
  • Pfizer Ltd- 3.80%
  • Natco Pharma Ltd- 3.64%

Fund Management

  • Date of Allocation- 28th February 2019
  • Benchmark: S&P BSE Healthcare - Total Return Index (TRI)
  • Monthly Average AUM: Rs 32.53 Cr
  • AUM as on last day- Rs 32.65 Cr
  • Entry Load- NA
  • Exit Load- 1% repurchase/switch out/transfer/SWP within 12 months from the date of allotment.
  • Risk- High
  • Plans- Regular and Direct
  • Options- Growth and Dividend
  • Minimum Investment Amount- Rs 5000
  • Minimum Additional Investment-m Rs 1000
  • Minimum SIP- Rs 500
  • Minimum No. of Cheques- 12
  • Minimum Withdrawal- Rs 1000
  • Fund Manager- Mrs. Uma Venkatraman (Managing the Scheme since inception)

IDBI Hybrid Equity Fund

Type of Scheme- An open-ended hybrid scheme investing predominantly in equity and equity related instruments

Investment Objective- To provide opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments.

Month End NAV in Rs

Regular

Growth- 11.4270

Dividend- 10.8391

Direct

Growth- 12.0841

Dividend- 11.4915

Expense Ratio

  • Regular: 2.52%
  • Direct: 1.69%

Asset Allocation

  • Equity & Equity Related- 67.17%
  • Debentures- 31.49%
  • TREPS- 0.99%
  • Cash & Cash Receivables- 0.35%

Top 10 Sector Holding

  • Consumer Non Durables- 13.02%
  • Finance- 10.27%
  • Banks- 8.34%
  • Chemicals- 7.60%
  • Pharmaceuticals- 5.05%
  • Auto- 4.51%
  • Industrial Products- 4.31%
  • Auto Ancillaries- 3.08%
  • Construction Project- 2.92%
  • Software- 2.51%

Top 10 Portfolio Holding

  • Bank of Baroda- 8.51%
  • Housing and Urban Development Corpn. Ltd- 7.22%
  • NTPC Ltd- 6.92%
  • HDFC Bank Ltd- 4.93%
  • Punjab National Bank- 3.84%
  • Housing Development Finance Corpn. Ltd- 3.74%
  • Godrej Consumer Products Ltd- 3.43%
  • Aarti Industries Ltd- 3.23%
  • Supreme Industries Ltd- 3.13%
  • Reliance Industries Ltd- 3.05%

Fund Management

  • Date of Allocation- 24th October 2016
  • Benchmark: CRISIL Hybrid 35+65-Aggressive Index
  • Monthly Average AUM: Rs 262.20 Cr
  • AUM as on last day- Rs 257.33 Cr
  • Yield to Maturity- 8.04%
  • Average Maturity- 5.96 years
  • Modified Duration- 4.22 years
  • Entry Load- NA
  • Exit Load- 1% repurchase/switch out/transfer/SWP within 12 months from the date of allotment.
  • Risk- Moderately High
  • Plans- Regular and Direct
  • Options- Growth and Dividend
  • Minimum Investment Amount- Rs 5000
  • Minimum Additional Investment- Rs 1000
  • Minimum SIP- Rs 500
  • Minimum No. of Cheques- 12
  • Minimum Withdrawal- Rs 1000
  • Fund Manager- Mrs. Uma Venkatraman and Mr. Raju Sharma

IDBI Equity Savings Fund

Type of Scheme- An open-ended scheme investing in equity, arbitrage and debt

Investment Objective- To provide regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments.

Month End NAV in Rs

Regular

  • Growth- 17.2859
  • Monthly Dividend- 14.5080

Direct

  • Growth- 18.4749
  • Monthly Dividend- 13.3636

Expense Ratio

  • Regular: 2.19%
  • Direct: 1.37%

Asset Allocation

  • Equity & Equity Related- 65.89%
  • Debentures- 17.38%
  • Fixed Deposits- 10.95%
  • Cash & Cash Receivables- 3.26%
  • TREPS- 2.52%

Top 10 Sector Holding

  • Banks- 12.62%
  • Finance- 10.18%
  • Petroleum Products- 8.84%
  • Consumer Non Durables- 5.62%
  • Textile Products- 4.39%
  • Auto- 3.32%
  • Cement- 3.25%
  • Chemicals- 2.73%
  • Industrial Capital Goods- 2.59%
  • Consumer Durables- 2.44%

Top 10 Portfolio Holding

  • HDFC Bank Ltd- 10.95%
  • Reliance Industries Ltd- 8.84%
  • Bank of Baroda- 8.74%
  • State Bank of India- 6.33%
  • Axis Bank Ltd- 5.13%
  • SRF Ltd- 4.39%
  • ITC Ltd- 4.23%
  • ICICI Bank Ltd- 3.54%
  • Housing Development Finance Corpn. Ltd- 3.52%
  • Ultratech Cement Ltd- 3.25%

Fund Management

  • Date of Allocation- 7th March 2011
  • Benchmark: 40% of CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index + 30% of NIFTY 50 Index - Total Return Index (TRI)
  • Monthly Average AUM: Rs 13.70 Cr
  • AUM as on last day- Rs 13.70 Cr
  • Yield to Maturity- 7.60%
  • Average Maturity- 1.30 years
  • Modified Duration- 1.08 years
  • Entry Load- NA
  • Exit Load- 1% repurchase/switch out/transfer/SWP within 12 months from the date of allotment.
  • Risk- Moderately High
  • Plans- Regular and Direct
  • Options- Growth and Dividend
  • Minimum Investment Amount- Rs 5000
  • Minimum Additional Investment- Rs 1000
  • Minimum SIP- Rs 500
  • Minimum No. of Cheques- 12
  • Minimum Withdrawal- Rs 1000
  • Fund Manager- Mr. Raju Sharma and Mrs. Uma Venkatraman

 

 

 

 

 

 

 

 

 

 

 

 

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