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.
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.
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.
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.
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.
IDBI Equity Funds are a rare types of mutual funds, index funds or exchange trade fund, that enable the investors to invest in common stocks and equities, rather than securities.
Type of Scheme- An open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit
Investment Objective- To generate opportunities for capital appreciation and income along with the benefit of an income-tax deduction
Fund Management
Type of Scheme- An open-ended equity scheme predominantly investing in large cap stocks
Investment Objective- To generate investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related Instruments of Large Cap companies.
Fund Management
Type of Fund- An open-ended equity scheme investing across large cap, mid cap, small cap stocks
Category- Multicap Fund
Investment Objective- To generate investors with the opportunities for long-term capital appreciation by investing in a diversified portfolio of Equity and Equity related instruments across market capitalization
Fund Management
Uma Venkatraman (Managing the Scheme since 20th June 2019)
Type of Fund- An open-ended scheme replicating / tracking the Nifty 50 Index
Investment Objective- 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
Fund Management
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.
Fund Management
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.
Fund Management
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.
Fund Management
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.
Fund Management
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.
Fund Management
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.
Fund Management
Uma Venkatraman (Managing the Scheme since inception)
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.
Fund Management
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
Fund Management
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.
Fund Management
Uma Venkatraman and Mr. Raju Sharma
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.
Fund Management
Type of Scheme- An open-ended liquid scheme
Investment Objective- To provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days.
Fund Management
Type of Scheme- An open ended ultra short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months.
Investment Objective- To generate regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months.
Fund Management
Type of Scheme- An open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.
Investment Objective- To seek investors with regular income by investing in debt and money market instruments, such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years.
Fund Management
Type of Fund- An open-ended debt scheme predominantly investing in AA and below rated corporate bonds
Investment Objective- To provide regular income and opportunities for capital appreciation by investing predominantly in AA and below rated corporatebonds across maturity spectrum.
Fund Management
Bhupesh Kalyani (Managing the Scheme since 1st February, 2017)
Type of Scheme- An open-ended dynamic debt scheme investing across duration
Investment Objective- To provide regular income while maintaining liquidity through active management of a portfolio comprising of debt and money market instruments.
Fund Management
Type of Scheme- An open-ended debt scheme investing in government securities across maturity
Investment Objective- To generate regular income along with opportunities for capital appreciation through investments in a diversified basket of central government dated securities, state government securities and treasury bills
Fund Management
Type of Scheme- An open-ended fund of fund scheme investing in IDBI Gold Exchange Traded Fund
Investment Objective- To provide returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.
Fund Management
Type of Scheme- An open-ended scheme replicating/ tracking the performance of gold in domestic prices.
Investment Objective- To invest in physical gold and gold related instruments with the objective to replicate the performance of gold in domestic prices
Fund Management
Just with your personal details such as PAN Number or Email Id you can log in to IDBI Mutual Fund. Get information on all the IDBI Funds such as Latest NAV, Returns, SIP Returns, Performance of the scheme, Expense Ratio of the scheme, Dividends, Latest Portfolio of the scheme, Fund Manager details of the scheme. Apart from this you can also invest and monitor your existing fund online. Wherever you are, you will get the latest details about IDBI Mutual Funds, and invest in the scheme that suits you best.
Below mentioned is the login process for the IDBI Mutual Fund Investors.
For Existing Investors
IDBI SIP is the most successful method of investing in Mutual Funds. SIP or Systematic Investment Plan works as a periodic investment where you continue to spend a certain sum of money annually for a given period of time. SIP, being the most inexpensive investment form, Investing starts at Rs 500 only. You should also prepare your financial plans for a SIP, such as retirement savings, family, house/car buying, higher education, marriage, etc. If you are looking for investing in Equity Funds in that case SIP is your ideal partner. it reduces the equity market risks and generates stable returns.
Systematic Investment Plan (SIP) operates under the idea of having a fixed sum of periodic investments. This functions almost like a regular bank deposit. For eg, an investor may opt for a SIP that invests Rs. 500 every fifteenth of the month in an equity fund for three years. Most of IDBI mutual fund schemes have different SIP option. SIP or Systematic Investment Plan is a method of investing in which the mutual fund scheme invests a fixed sum at regular intervals. Using SIP investing mode, one may ensure that the sum of savings does not squeeze his / her pockets.
Individuals can invest in SIP Mutual Funds in both offline or online mode.
CIN: U65100MH2010PLC199319
Registered Office: IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005
Corporate Office: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005
IDBI Mutual Fund Branches
To know more details about the IDBI Mutual Fund the investor can call IDBI Mutual Fund Toll-Free number 1800-419-4324 and can send SMS to IDBI MF to 092200 92200 number. An investor can also contact the email Id. [email protected], [email protected] Also, contact with phone number 022 6644 2800 and Fax to 022 6644 2801. Online through IDBI Mutual fund Website anyone can get account statement, transaction slip, redemption form, common application form & fact sheets etc.