IDBI Mutual Fund was established in 2000 and is sponsored by IDBI Bank. IDBI Asset Management Ltd. is the asset manager of IDBI Mutual Fund and IDBI MF Trustee Company Ltd. is its trustee. The fund house offers 20 schemes across the asset categories - equity, debt, gold, and hybrid.
The IDBI India Top 100 Equity Fund - Growth is an open-ended equity scheme that majorly invests in stocks of companies with large market capitalisation. The growth option of the scheme is ideal for investors whose intention is to grow their capital over a long term.
To offers investors with an opportunity to appreciate their investments over a long term through investments in equity and its related securities of large cap firms.
The IDBI India Top 100 Equity Fund is suitable for investors who wish to achieve capital appreciation over a long term and exhibits the below features:
Type of fund | An open-ended equity scheme |
Plans available | Growth and Dividend |
Options under each plan | Under the Dividend option, the scheme offers Dividend Payout, Dividend Reinvestment, and Dividend Sweep option |
Risk | Moderately High |
Systematic Investment Plan | Available |
Systematic Transfer Plan | Available |
Systematic Withdrawal Plan | Available |
Minimum Application Amount | Rs.5,000 and in multiples of Re.1 thereafter |
Minimum Additional Investment | Rs.1,000 and in multiples of Re.1 thereafter |
Minimum installment for Systematic Investment Plan (SIP) | Monthly - Rs.500 and in multiples of Re.1 thereafter for a minimum of 1 year, Rs.1,000 and in multiples of Re.1 thereafter for at least 6 months. Quarterly - Rs.1,500 and in multiples of Re.1 per quarter thereafter for at least 4 quarters |
Minimum installment for Systematic Withdrawal Plan (SWP) | Rs.1,000 and in multiples of Re.1 thereafter for a minimum of 6 months |
Entry Load | Not Applicable |
Exit Load | 1% exit load will be charged if investor exits 12 months before the unit allotment date |
Instruments | Percentage of total assets | Risk Profile | |
Minimum | Maximum | ||
Equities and its related securities of large cap firms | 80% | 100% | High |
Equities and its related securities of firms other than large cap firms | 0% | 20% | High |
Money market and debt securities | 0% | 20% | Low to Medium |
Units issued by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) | 0% | 10% | Medium to High |
Subscription to units of IDBI India Top 100 Equity Fund can be made by the below-mentioned persons/entities:
The scheme's Net Asset Value (NAV) is the value per unit of the scheme on a particular day. Investors can determine the value of their investments by multiplying the unit balance with the scheme's NAV. The NAV of the scheme will be declared every business day on the website of AMFI (www.amfiindia.com) and IDBI Mutual Fund (www.idbimutual.co.in) by 9:00 p.m.
Liquidity: Being an open-ended scheme, units can be redeemed/switched out at applicable NAVs on all business days.
Benchmark: Nifty 100 Total Return Index
Ms. Uma Venkatraman
The IDBI India Top 100 Fund is managed by Ms. Uma Venkatraman and she has been managing the scheme since 5 September 2017. She has 15 years of experience in the finance domain and before becoming a fund manager, she headed the research segment in IDBI Mutual Fund. The other funds managed by her include IDBI Small Cap Fund, IDBI Equity Savings Fund, IDBI Nifty Index Fund, and IDBI Nifty Junior Index Fund.
The Securities and Exchange Board of India (SEBI) has laid down the below-given investment restrictions on subscription to the IDBI Top 100 Equity Fund:
The declaration of dividend under the dividend option of the IDBI India Top 100 Equity Fund is subject to the availability of distributable surplus and will be at the AMC and Trustee Company's discretion.
The SEBI has laid down the below guidelines for the dividend policy of the scheme:
The below facilities are offered by the IDBI India Top 100 Equity Fund for the benefit of investors:
Various investment options - The IDBI India Top 100 Equity Fund offers many investment options to cater to the different needs of investors - direct, regular, growth, and dividend option. Direct plans have lower expense ratios, regular plans have slightly higher expense ratios, growth option where investors receive a lump-sum amount at the end of the scheme period, and dividend option where investors receive regular income.
GST rate of 18% applicable for all financial services effective July 1, 2017.
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