IDBI Midcap Fund (D)-Direct Plan

IDBI Midcap Fund(D)-Direct Plan
Dividend Yearly
NA
Category
Equity - Mid Cap
52-week NAV high
11.58  (As on 16-04-2019)
52-week NAV low
9.93  (As on 22-08-2019)
Expense
1.71%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.87 8.32 -3.29 -0.39 -4.87 - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jan 25, 2017
Last Dividend
NA
Minimum Investment
5000

IDBI Midcap Fund – Dividend – Direct is an open-ended equity scheme that invests primarily in mid cap stocks. The scheme is offered by IDBI Mutual Fund, which is managed by IDBI Asset Management Limited, and the Trustee Company of the fund is IDBI MF Trustee Company Limited.

Investment Objective of IDBI Midcap Fund – Dividend – Direct

The investment objective of IDBI Midcap Fund – Dividend – Direct is to offer capital appreciation in the long term by making investments mainly in equity and equity-related securities of midcap companies.

Key Features of IDBI Midcap Fund – Dividend – Direct

Some of the significant features of IDBI Midcap Fund – Dividend – Direct are as indicated in the table below:

Type of fund Open-ended equity scheme
Plans available
  1. Regular Plan
  2. Direct Plan
Options under each plan Both plans offer the following two options:
  1. Dividend Option
  2. Growth Option
The Dividend Option under the Regular Plan as well as the Direct Plan comes with the following sub-options:
  1. Dividend Payout
  2. Dividend Re-investment
  3. Dividend Sweep
Risk Moderately High
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for IDBI Midcap Fund – Dividend – Direct

The following are the details regarding the investment amount and loads:

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 instalment for Systematic Investment Plan (SIP)
  • Rs.500 per month for at least 12 months
  • Rs.1,000 per month for at least six months
  • Rs.1,500 per quarter for at least four quarters
Entry Load Not Applicable
Exit Load
  • For ongoing plans: 1% of the applicable NAV will be charged as exit load in case of redemptions within a year from the date on which they were allotted.
  • For SIP: 1% of the applicable NAV will be charged as exit load for redemptions within a year from the date on which each instalment was allotted.

Asset Allocation for IDBI Midcap Fund – Dividend – Direct

Instruments Allocations (Percentage of total assets) Risk Profile
Equity and equity-related securities of Midcap companies 65% to 100% High
Equity and equity-related securities of companies apart from Midcap companies 0% to 35% High
Money market and debt securities 0% to 35% Low to Medium
Units issued by Infrastructure Investments Trusts (InvITs) and Real Estate Investment Trusts (REITs) 0% to 10% Medium to High

NAV Disclosure and Benchmark for IDBI Midcap Fund – Dividend – Direct

The Net Asset Value of IDBI Midcap Fund – Dividend – Direct will be declared at the close of each working day, and it will also be published in a minimum of two daily newspapers that are circulated across the country. The Net Asset Value of the scheme can also be viewed on the website of the Association of Mutual Funds in India and the website of IDBI Mutual Fund.

IDBI Midcap Fund – Dividend – Direct Fund Manager

IDBI Midcap Fund – Dividend – Direct is managed by Mr. Ashish Mishra.

Why you should Invest in IDBI Midcap Fund – Dividend – Direct

IDBI Midcap Fund – Dividend – Direct is ideal for those who want capital growth in the long term through investment mainly in equity and equity-related securities of Midcap companies.

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