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IDBI Liquid Fund(G)-Direct Plan

IDBI Liquid Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Debt - Liquid
52-week NAV high
2,009.75  (As on 17-04-2019)
52-week NAV low
1,866.64  (As on 17-04-2018)
Expense
0.13%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.66 1.83 3.81 7.67 7.28 7.24 7.48 7.78 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Dec 31, 2012
Last Dividend
NA
Minimum Investment
5000

The IDBI Liquid Fund - Direct Plan - Growth Option is an open-ended liquid scheme offered by IDBI Mutual Fund and managed by IDBI Asset Management Limited. The trustee company of the fund house is IDBI MF Trustee Company Limited.

Investment Objective of the IDBI Liquid Fund - Direct Plan - Growth Option

The investment objective of the IDBI Liquid Fund - Direct Plan - Growth Option is to generate regular income while ensuring that a high level of liquidity is maintained. In order to achieve its objective, the scheme shall allocate the corpus in a low risk portfolio consisting of debt and money market securities.

Key Features of the IDBI Liquid Fund - Direct Plan - Growth Option

Here are some of the key features of the IDBI Liquid Fund - Direct Plan - Growth Option:

Type of Fund Open-ended liquid Fund
Plans Available
  1. Direct Plan
  2. Regular Plan
Options Under Each Plan Both the Regular Plan as well as the Direct Plan come with the following options:
  1. Dividend Option
  2. Growth Option
The Dividend Option comes with the following sub-options:
  1. Daily Dividend
  2. Weekly Dividend
  3. Monthly Dividend
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available
Risk Factor Low

Investment Amount for the IDBI Liquid Fund - Direct Plan - Growth Option

Minimum Application Amount (for Growth option) Rs.5,000 and in multiples of Re.1 thereafter
Minimum Additional Investment (for Growth option) Rs.1,000 and in multiples of Re.1 thereafter
Minimum Instalment for Systematic Investment Plans
  • Monthly Option: Rs.500 per month (minimum of 12 instalments), or Rs.1,000 per month (minimum of six instalments)
  • Quarterly Option: Rs.1,500 per quarter (minimum of four instalments)
Entry Load Nil
Exit Load Nil

Asset Allocation for the IDBI Liquid Fund - Direct Plan - Growth Option

Instruments Allocations (Percentage of total assets) Risk Profile
Money market securities with maturity/residual maturity up to 91 days 50% to 100% Low
Debt securities (including securitised debt and floating rate debt instruments with maturity/residual maturity/interest rate resets up to 91 days 0% to 50% Low to Medium

NAV Disclosure and Benchmark for IDBI Liquid Fund - Direct Plan - Growth Option

The Net Asset Value, or NAV as it is known in its abbreviated form, shall be calculated on every day of the calendar and be published in a minimum of two national newspapers on every business day. The NAV of the IDBI Liquid Fund - Direct Plan - Growth Option shall also be updated on the website of the mutual fund as well as the website of the Association of Mutual Funds in India by the Asset Management Company.

The formula used for the computation of NAV is as follows:

Fair Value or Market Value of the Scheme’s investment + Current Assets – Current Liabilities and Provisions / Number of units outstanding under the scheme

Benchmark Index of the IDBI Liquid Fund - Direct Plan - Growth Option: CRISIL Liquid Fund Index

IDBI Liquid Fund - Direct Plan - Growth Option Fund Manager

The IDBI Liquid Fund - Direct Plan - Growth Option is managed by Mr. Raju Sharma who has been managing the scheme since May 2017. Mr. Sharma is the Head of Fixed Income and Fund Manager who has 25 years of experience in the financial services sector encompassing treasury, debt capital markets, and fund management. Before joining IDBI Mutual Fund, Mr. Sharma plied his trade with some top names in the mutual fund industry, such as DHFL Pramerica Mutual Fund, Tata Mutual Fund, JM Morgan Stanley, and Indiabulls Mutual Fund. He also manages a few other schemes for IDBI Mutual Fund, such as IDBI Dynamic Bond Fund, IDBI Monthly Income Plan (debt portion), IDBI Gilt Fund, and IDBI Prudence Fund (debt portion).

Why you should invest in the IDBI Liquid Fund - Direct Plan - Growth Option

Investment in the IDBI Liquid Fund - Direct Plan - Growth Option is recommended for investors who want regular income over the short term along with a high level of liquidity through investment in money market and debt securities with maturity/residual maturity up to 91 days. It is a great investment option for those who see a low-risk instrument to generate returns.

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