IDBI Midcap Fund(G)

IDBI Midcap Fund(G)
Dividend Yearly
NA
Category
Equity - Mid Cap
52-week NAV high
10.99  (As on 16-04-2019)
52-week NAV low
9.37  (As on 22-08-2019)
Expense
2.57%  (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 7.98 -3.93 -1.81 -6.78 - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 25, 2017
Last Dividend
NA
Minimum Investment
5000

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

Investment Objective of IDBI Midcap Fund - Regular Plan - Growth Option

The investment objective of IDBI Midcap Fund - Regular Plan - Growth Option is to generate capital appreciation in the long term through investment primarily in equity and equity-related securities of midcap companies.

Key Features of IDBI Midcap Fund - Regular Plan - Growth Option

Some of the significant features of IDBI Midcap Fund - Regular Plan - Growth Option are as indicated in the table below:

Type of fund

Open-ended equity fund

Plans available

  1. Regular Plan
  2. Direct Plan

Options under each plan

Both plans come with the following two options:

  1. Dividend Option
  2. Growth Option

The Dividend Option comes with the following sub-options:

  1. Payout
  2. Reinvestment
  3. Sweep

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for IDBI Midcap Fund - Regular Plan - Growth Option

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)

  • For Monthly SIP: Minimum of Rs.500 and in multiples of Re.1 thereafter (minimum of 12 instalments), or minimum of Rs.1,000 and in multiples of Re.1 thereafter (minimum of six instalments)
  • For Quarterly SIP: Minimum of Rs.1,500 and in multiples of Re.1 thereafter (minimum of four instalments)

Entry Load

Not Applicable

Exit Load

1% of the applicable NAV will be levied as exit load for redemptions within a year from the date of allotment

Asset Allocation for IDBI Midcap Fund - Regular Plan - Growth Option

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 Investment Trusts and Real Estate Investment Trusts

0% to 10%

Medium to High

NAV Disclosure and Benchmark for IDBI Midcap Fund - Regular Plan - Growth Option

The Net Asset Value of IDBI Midcap Fund - Regular Plan - Growth Option shall be calculated by the Asset Management Company on a daily basis and published in at least two daily newspapers that are circulated across the country. The Net Asset Value shall also be updated on the website of the mutual fund and the website of the Association of Mutual Funds in India by 9:00 p.m. on each working day. Investors can also check the Net Asset Value of IDBI Midcap Fund - Regular Plan - Growth Option on the website of the Asset Management Company.

The benchmark adopted by IDBI Midcap Fund - Regular Plan - Growth Option is Nifty Midcap 100 Total Return Index.

IDBI Midcap Fund - Regular Plan - Growth Option Fund Manager

The IDBI Midcap Fund - Regular Plan - Growth Option has been managed by Mr. Ashish Mishra since September 2017. Mr. Mishra has 11 years of total work experience and has managed investments for ING before moving to IDBI Mutual Fund. He also manages a few other schemes for IDBI Mutual Funds, such as IDBI Gold Fund, IDBI Diversified Equity Fund, and IDBI Gold Exchange Traded Fund.

Why you should Invest in IDBI Midcap Fund - Regular Plan - Growth Option

The IDBI Midcap Fund - Regular Plan - Growth Option is a good investment option for those who seek capital growth in the long term by investing primarily in equity and equity-related securities of midcap companies.

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