This Nifty Junior Index Fund Has Ticked 109.47% Returns In 2 Years

An index fund is a form of mutual fund whose assets correspond to or track a certain market index. Index funds can help investors balance risk in their portfolios since market fluctuations are less volatile across an index compared to individual equities. Check out this Index fund that we have highlighted here. This fund has given good returns over the years. This fund is good for your investment portfolio.

IDBI Nifty Junior Index Fund - Direct Plan-Growth

This is a large-cap open-ended Index fund launched by the IDBI Mutual fund. The fund's Direct Plan -Growth Scheme has an AUM worth Rs 53.69 crore. While the recent NAV of the scheme declared on 06th April 2022 is Rs 34.4919. The expense ratio is 0.32%, which is close to its category average but slightly below the average. 

It is medium-sized fun of its category. At the risk level, it is a highly risky fund. For investment in the direct plan-growth scheme of this fund, the minimum amount required is Rs 5000, whereas for SIP the amount required is Rs 500. 

The fund's benchmark is Nifty Next 50 TRI. The scheme intends to invest exclusively in all of the companies that comprise the Nifty Next 50 Index in the same weights as the Index, to replicate the performance of the Total Returns Index of the Nifty Next 50 Index.

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its inception, the direct Plan-growth scheme of this fund has given 14.59% average annual returns. 

Investment Tenure	Absolute Returns	Annualised Returns
1 Year	24.56%	24.55%
2 Year	109.47%	44.51%
3 Year	53.88%	15.42%
5 Year	70.69%	11.28%
Since Inception	253.27%	14.59%

SIP Returns

SIP Tenure	Absolute Returns	Annualised Returns
1 Year	8.30%	15.75%
2 Year	32.05%	29.29%
3 Year	40.49%	23.37%
5 Year	46.18%	15.17%

Portfolio

The fund invests 98.89 per cent of its assets in Indian stocks, with 57.34 per cent in large-cap stocks, 31.21 per cent in mid-cap stocks, and 4.2 per cent in small-cap equities.

The majority of the fund's assets are invested in the sectors of Services, Healthcare, Financial, Consumer Staples, and Capital Goods. In comparison to other funds in the category, it has acquired less exposure in the Services and Healthcare sectors.

Adani Green Energy Ltd., Vedanta Ltd., Avenue Supermarts Ltd., Apollo Hospitals Enterprise Ltd., and Adani Enterprises Ltd. are the fund's top holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.