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IDBI Liquid Fund(G)

IDBI Liquid Fund(G)
Dividend Yearly
NA
Category
Debt - Liquid
52-week NAV high
1,996.93  (As on 18-04-2019)
52-week NAV low
1,856.90  (As on 18-04-2018)
Expense
0.25%  (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 0.64 1.79 3.75 7.54 7.15 7.12 7.36 7.66 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jul 09, 2010
Last Dividend
NA
Minimum Investment
5000

The IDBI Liquid Fund - Growth Option is an open-ended liquid scheme that allocates its investments on debt and money market securities. The growth option of the scheme entitles investors to achieve capital appreciation at the completion of the investment period.

Investment Objective

To offer high liquidity and capital appreciation to the investor through investment in a portfolio that has low risk and comprises debt and money market securities having a maturity of less than 91 days.

Key Features of the Scheme

The IDBI LIquid Fund is ideal for investors who wish to invest in low risk securities such as debt and money market securities. The scheme exhibits the below features:

Type of Fund An open-ended liquid scheme
Plans Available Regular Plan and Direct Plan
Options under each Plan
  1. Growth Option
  2. Dividend Option
The dividend option has payout, reinvestment and dividend sweep facility
Risk Low
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment amount for IDBI Liquid Fund

Minimum Application Amount Rs.5,000 and in multiples of Re.1 thereafter
Minimum Additional Investment Rs.1,000 per application and in multiples of Re.1 thereafter
Minimum installment for Systematic Investment Plan (SIP)
  • Monthly - Rs.500 per month (for minimum 12 months) and Rs.1,000 per month for a minimum 6 month period
  • Quarterly - Rs.1,500 per quarter for minimum 4 quarters
Minimum installment for Systematic Withdrawal Plan (SWP) Rs.1,000 and in Re.1 multiples thereafter for a minimum 6 month period
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for IDBI Liquid Fund

Instruments Percentage of total assets Risk Profile
Money market and debt securities with maturity or residual maturity of up to 91 days Up to 100% Low

NAV Disclosure and Benchmark for IDBI Liquid Fund

The Net Asset Value (NAV) of the IDBI Liquid Fund is obtained by dividing its net assets by the number of outstanding units on the date of valuation. The NAV will be rounded off to 4 decimal places and disclosed on all business days. The NAV will be updated on the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com and IDBI Mutual Fund at www.idbimutual.co.in by 9:00 p.m. of every business day.

The scheme’s portfolio will also be disclosed by the fund house on its website on the last day of the month or before the 10th day of the succeeding month.

Benchmark: CRISIL LIquid Fund Total Return Index (TRI)

Fund Manager - Mr. Raju Sharma

The IDBI Liquid Fund is managed by Mr. Raju Sharma and he has been managing this scheme since 3 May 2017. Overall, Mr. Sharma has 25 years of experience in the financial services domain. Before joining IDBI Mutual Fund, he has worked with Indiabulls Mutual Fund, Tata Mutual Fund, DHFL, and JM Morgan Stanley. The other schemes managed by him include IDBI Gilt Fund, IDBI Dynamic Bond Fund, IDBI Equity Savings Fund, etc.

Why you should invest in the IDBI Liquid Fund

  • High liquidity - Being a liquid scheme, investors can invest in the units of the IDBI Liquid Fund even for a duration as low as one day.
  • Short investment horizon - The IDBI Liquid Fund is ideal for investors who wish to invest for a short duration that ranges from 1 to 90 days.
  • Offers better returns - When compared with the returns offered by savings account deposits, the returns provided by the IDBI Liquid Fund is higher.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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