IDBI Mutual Fund

IDBI Bank Ltd. sponsors IDBI Mutual Fund. One of the largest banks in the country, IDBI has contributed significantly towards India’s economic and industrial progress for several years on end. The bank offers a number of products and services to its customers and boasts 1,853 branches across the country. It offers a wide variety of diversified services to its customers, such as project financing, lease finance, loan syndication, term lending, venture capital, etc., and is recognised as one of the most trusted banks in the country.

Types of Mutual Funds offered by IDBI

IDBI Mutual Fund offers four kinds of funds which are as follow:

  • Equity Funds
  • Debt Funds
  • Hybrid Funds
  • Gold Funds

Equity Funds Offered by IDBI Mutual Fund

The following are the equity funds offered by IDBI Mutual Fund:

  1. IDBI Focused 30 Equity Fund
  2. Fund Type

    Open-ended equity scheme which invests in 30 stocks at maximum (primarily large cap funds)

    Entry Load

    N/A

    Exit Load

    • During New Fund Offer (NFO): 1% in case of exit (transfer / repurchase / SWP / switch-out) within a year from the date on which it was allotted for subscriptions received over the course of the NFO period
    • For Systematic Investment Plan (SIP) / Ongoing: 1% in case of exit within a year from the date on which it was allotted

    Benchmark

    Nifty 100 Index – Total Return Index

    Fund Manager

    Ashish Mishra

    Risk Factor

    Moderately high

    Investment Objective of IDBI Focused 30 Equity Fund

    IDBI Focused 30 Equity Fund aims at generating long-term appreciation through investment in a concentrated portfolio which consists of large cap focused equity as well as equity-related instruments of less than 30 companies, and balance in money market and debt instruments.

    Who is the IDBI Focused 30 Equity Fund for?

    IDBI Focused 30 Equity Fund is ideal for investors who seek long-term capital growth through investing primarily in equity and equity-related instruments of less than 30 companies and balance in money market and debt instruments.

  3. IDBI Small Cap Fund
  4. Fund Type

    Open-ended equity scheme which invests primarily in small cap stocks

    Entry Load

    N/A

    Exit Load

    • During New Fund Offer (NFO) (for SIPs and new purchases): 1% in case of exit (transfer / repurchase / SWP / switch-out) within a year from the date on which it was allotted for subscriptions received over the course of the NFO period
    • For Ongoing (transfer / repurchase / SWP / switch-out): 1% in case of exit within a year from the date on which it was allotted

    Benchmark

    Nifty Smallcap 250 Index – Total Return Index

    Fund Manager

    Uma Venkatraman

    Risk Factor

    Moderately high

    Investment Objective of IDBI Small Cap Fund

    The IDBI Small Cap Fund aims at generating long-term capital appreciation through investment mainly in small cap companies’ equity and equity-related instruments.

    Who is the IDBI Small Cap Fund for?

    The IDBI Small Cap Fund is ideal for investors who seek capital growth over the long term, via investment in small cap companies’ equity and equity-related instruments.

  5. IDBI Banking & Financial Services Fund
  6. Fund Type

    Open-ended equity scheme which invests in the banking and financial services sector

    Entry Load

    N/A

    Exit Load

    1% in case of exit within a year from the date on which the units were allotted

    Benchmark

    Nifty Financial Services – Total Return Index

    Fund Manager

    Uma Venkatraman

    Risk Factor

    High

    Investment Objective of IDBI Banking & Financial Services Fund

    The investment objective of IDBI Banking & Financial Services Fund is to offer the best growth opportunities to investors and generate capital growth in the long term through investment mainly in equity and equity-related securities of companies that operate in the banking and financial services sector.

    Who is the IDBI Banking & Financial Services Fund for?

    The IDBI Banking & Financial Services Fund is ideal for those who want capital appreciation in the long term by investing mainly in equity and equity-related securities of companies that conduct their business in the banking and financial services sector.

  7. IDBI Midcap Fund
  8. Fund Type

    Open-ended equity scheme which invests primarily in mid cap stocks

    Entry Load

    N/A

    Exit Load

    • For Systematic Investment Plan: 1% in case of exit within a year from the date on which each instalment was allotted
    • For Ongoing: 1% in case of exit within a year from the date on which each instalment was allotted

    Benchmark

    Nifty Free Float Midcap – Total Return Index

    Fund Manager

    Ashish Mishra

    Risk Factor

    Moderately high

    Investment Objective of IDBI Midcap Fund

    The IDBI Midcap Fund aims at generating long-term capital appreciation through investment primarily in midcap companies’ equity and equity-related instruments.

    Who is the IDBI Midcap Fund for?

    The IDBI Midcap Fund is perfect for investors who seek capital growth over the long term through investment in midcap companies’ equity and equity-related instruments.

  9. IDBI Diversified Equity Fund
  10. Fund Type

    Open-ended equity scheme which invests in small cap, mid cap, and large cap stocks

    Entry Load

    N/A

    Exit Load

    • For Systematic Investment Plan: 1% in case of exit within a year from the date on which each instalment was allotted
    • For NFO and Ongoing: 1% in case of exit within a year from the date on which it was allotted

    Benchmark

    S&P BSE 500 Index – Total Return Index

    Fund Manager

    Ashish Mishra

    Risk Factor

    Moderately high

    Investment Objective of IDBI Diversified Equity Fund

    The IDBI Diversified Equity Fund aims at generating long-term capital appreciation through investment in a diversified portfolio which consists of equity as well as equity-related instruments across market capitalisation.

    Who is the IDBI Diversified Equity Fund for?

    The IDBI Diversified Equity Fund is perfect for investors who seek capital appreciation over the long term through investment in a diversified portfolio which constitutes equity as well as equity-related instruments across market capitalisation.

  11. IDBI Equity Advantage Fund
  12. Fund Type

    Open-ended ELSS which comes with a 3-year statutory lock-in and offers tax benefits

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    S&P BSE 200 Index – Total Return Index

    Fund Manager

    V Balasubramanian

    Risk Factor

    Moderately high

    Investment Objective of IDBI Equity Advantage Fund

    The IDBI Equity Advantage Fund aims at generating income and capital appreciation while offering tax benefits by investing primarily in a diversified portfolio consisting of equity as well as equity-related instruments.

    Who is the IDBI Equity Advantage Fund for?

    The IDBI Equity Advantage Fund is ideal for investors who seek capital growth over the long term while enjoying tax benefits on their investment in equity and equity-related instruments.

  13. IDBI India Top 100 Equity Fund
  14. Fund Type

    Open-ended equity scheme which invests primarily in large cap stocks

    Entry Load

    N/A

    Exit Load

    • For Systematic Investment Plan: 1% in case of exit within a year from the date on which each instalment was allotted
    • For NFO and Ongoing: 1% in case of exit within a year from the date on which it was allotted

    Benchmark

    Nifty 100 Index – Total Return Index

    Fund Manager

    Uma Venkatraman

    Risk Factor

    Moderately high

    Investment Objective of IDBI India Top 100 Equity Fund

    The IDBI India Top 100 Equity Fund aims at generating long-term capital appreciation through investment primarily in large cap companies’ equity as well as equity-related instruments.

    Who is the IDBI India Top 100 Equity Fund for?

    The IDBI India Top 100 Equity Fund is perfect for investors who seek capital growth over the long term by investing mainly in large cap companies’ equity and equity-related instruments.

  15. IDBI Nifty Junior Index Fund
  16. Fund Type

    Open-ended scheme which tracks/replicates the Nifty Next 50 Index

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    Nifty Next 50 Index – Total Return Index

    Fund Manager

    Uma Venkatraman

    Risk Factor

    Moderately high

    Investment Objective of IDBI Nifty Junior Index Fund

    The IDBI Nifty Junior Index Fund aims at replicating the Nifty Next 50 Index’s performance by investing in the stocks of the Nifty Next 50 Index. Investments could also be made in derivatives instruments like Options and Futures that are linked with stocks that comprise the Nifty 50 Index.

    Who is the IDBI Nifty Junior Index Fund for?

    The IDBI Nifty Junior Index Fund is ideal for investors who seek long-term growth.

  17. IDBI Nifty Index Fund
  18. Fund Type

    Open-ended equity scheme which tracks/replicates the Nifty 50 Index

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    Nifty 50 Index – Total Return Index

    Fund Manager

    Uma Venkatraman

    Risk Factor

    Moderately high

    Investment Objective of the IDBI Nifty Index Fund

    The IDBI Nifty Index Fund aims at replicating the Nifty 50 Index TRI’s performance by investing in stocks that comprise the Nifty 50 Index. Investments under this scheme could also be made in derivatives instruments like Options and Futures that are linked with stocks that comprise the Nifty 50 Index.

    Who is the IDBI Nifty Index Fund for?

    The IDBI Nifty Index Fund is perfect for investors who seek long-term growth.

Debt Funds offered by IDBI Mutual Fund

The following are the debt funds you can purchase from IDBI Mutual Funds:

  1. IDBI Credit Risk Fund (Formerly called IDBI Corporate Debt Opportunities Fund)
  2. Fund Type

    Open-ended debt scheme which invests mainly in AA and lower-rated corporate bonds

    Entry Load

    N/A

    Exit Load

    • For Transfer/Redemption/SWP/Switch-out: 0.75% for less than a year from the date on which the units were allotted
    • For SIP: Applicable

    Benchmark

    CRISIL Short Term Bond Fund Index

    Fund Manager

    Bhupesh Kalyani

    Risk Factor

    Moderate

    Investment Objective of IDBI Credit Risk Fund

    IDBI Credit Risk Fund aims to achieve income on a regular basis in addition to generating opportunities for capital growth through investment mainly in AA and lower-rated corporate bonds.

    Who is IDBI Credit Risk Fund for?

    IDBI Credit Risk Fund is ideal for those who want income on a regular basis as well as capital growth by active management of the fund during the medium term.

  3. IDBI Gilt Fund
  4. Fund Type

    Open-ended debt scheme which invests in government securities

    Entry Load

    N/A

    Exit Load

    • For Transfer/Redemption/Switch-out: 0.5% for exit within 30 days from the date on which the units were allotted

    Benchmark

    CRISIL Dynamic Gilt Index

    Fund Manager

    Raju Sharma

    Risk Factor

    Moderate

    Investment Objective of IDBI Gilt Fund

    The investment objective of IDBI Gilt Fund is to generate regular income in addition to providing opportunities for capital growth by investing in a diversified portfolio consisting of dated securities issued by the Central Government, treasury bills, and state government instruments.

    Who is IDBI Gilt Fund for?

    IDBI Gilt Fund is ideal for those who want regular income in the long term as well as capital growth in the medium term through investments in treasury bills and dated state and Central Government instruments.

  5. IDBI Dynamic Bond Fund
  6. Fund Type

    Open-ended dynamic debt scheme which invests across durations

    Entry Load

    N/A

    Exit Load

    • For Transfer/Redemption/Switch-out: 2% for exit within 18 months from the date on which the units were allotted
    • For SIP: Applicable

    Benchmark

    CRISIL Composite Bond Fund Index

    Fund Manager

    Raju Sharma

    Risk Factor

    Moderate

    Investment Objective of IDBI Dynamic Bond Fund

    IDBI Dynamic Bond Fund aims at generating income and, at the same time, maintaining liquidity by actively managing a portfolio that consists of money market and debt securities.

    Who is IDBI Dynamic Bond Fund for?

    IDBI Dynamic Bond Fund is ideal for those who want to generate income and have attendant liquidity by ensuring that the portfolio is actively managed in the medium term at least.

  7. IDBI Short Term Bond Fund
  8. Fund Type

    Open-ended short-term debt scheme

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    CRISIL Short Term Bond Fund Index

    Fund Manager

    Bhupesh Kalyani

    Risk Factor

    Moderately low

    Investment Objective of IDBI Short Term Bond Fund

    IDBI Short Term Bond Fund aims to provide regular income to investors through investments in money market and debt securities in a manner such that the portfolio’s Macaulay duration will be maintained from one year to three years.

    Who is IDBI Short Term Bond Fund for?

    IDBI Short Term Bond Fund is ideal for those who want short-term income on a regular basis through investment in money market and debt securities.

  9. IDBI Ultra Short Term Fund
  10. Fund Type

    Open-ended ultra short-term debt scheme

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    CRISIL Liquid Fund Index

    Fund Manager

    Bhupesh Kalyani

    Risk Factor

    Moderately low

    Investment Objective of IDBI Ultra Short Term Fund

    IDBI Ultra Short Term Fund aims at generating regular income in the short term through investment in money market and debt securities whose risk levels are relatively low, and in a manner such that the portfolio’s Macaulay duration is maintained from three months to six months.

    Who is IDBI Ultra Short Term Fund for?

    IDBI Ultra Short Term Fund is ideal for those who want regular income in the short term through investment in low-risk money market and debt securities.

  11. IDBI Liquid Fund
  12. Fund Type

    Open-ended liquid scheme

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    CRISIL Liquid Fund Index

    Fund Manager

    Raju Sharma

    Risk Factor

    Low

    Investment Objective of IDBI Liquid Fund

    IDBI Liquid Fund aims at providing a high level of liquidity to its investors in addition to regular income through investment in low-risk debt and money market instruments whose maturity periods extend for no more than 91 days.

    Who is IDBI Liquid Fund for?

    IDBI Liquid Fund is ideal for those who want regular income along with a high level of liquidity through investments in money market and debt securities whose maturity periods extend to a maximum of 91 days.

Hybrid Funds Offered by IDBI Mutual Fund

IDBI Mutual Fund offers the following mutual funds:

  1. IDBI Hybrid Equity Fund
  2. Fund Type

    Open-ended hybrid scheme that invests mainly in equity and equity-related securities

    Entry Load

    N/A

    Exit Load

    1% of the applicable NAV will be charged for redemptions or switch-outs within a year from the date on which the units were allotted

    Benchmark

    CRISIL Hybrid 35+65 Aggressive Index

    Fund Manager

    Raju Sharma for Debt and Uma Venkatraman for Equity

    Risk Factor

    Moderately high

    Investment Objective of IDBI Hybrid Equity Fund

    IDBI Equity Fund aims at generating capital growth in addition to providing income to investors through investment in a diversified portfolio that comprises equity and equity-related securities, money market, and debt securities.

    Who is IDBI Hybrid Equity Fund for?

    IDBI Hybrid Equity Fund is ideal for those who want current income as well as capital growth in the long term by investing in equity and equity-related securities and money market and debt securities.

  3. IDBI Equity Savings Fund (Formerly called IDBI Monthly Income Plan)
  4. Fund Type

    Open-ended equity scheme that invests in debt instruments, equity instruments, and arbitrage opportunities

    Entry Load

    N/A

    Exit Load

    1% of the applicable NAV will be charged for redemptions or switch-outs within a year from the date on which the units were allotted

    Benchmark

    CRISIL Liquid Fund Index (40%), Nifty 50 Index (30%), and CRISIL Short Term Bond Fund Index (30%)

    Fund Manager

    Raju Sharma for Debt and Uma Venkatraman for Equity

    Risk Factor

    Moderately high

    Investment Objective of IDBI Equity Savings Fund

    The investment objective of IDBI Equity Savings Fund is to generate income regularly through investment and money market securities and the use of derivative strategies such as arbitrage opportunities. It also aims at generating capital growth in the long term via investment partly in equity and equity-related securities.

    Who is IDBI Equity Savings Fund for?

    IDBI Equity Savings Fund is ideal for those who want regular income as well as capital growth in the medium to long term by investing in equity and equity-related securities which include equity derivatives, and money market and debt instruments along with derivatives.

Gold Funds Offered by IDBI Mutual Fund

IDBI Mutual Fund offers the following gold funds:

  1. IDBI Gold Exchange Traded Fund
  2. Fund Type

    Open-ended equity scheme that tracks/replicates the performance of gold in local prices

    Entry Load

    N/A

    Exit Load

    Nil

    Benchmark

    Domestic price of physical gold

    Fund Manager

    Ashish Mishra

    Risk Factor

    Moderately high

    Investment Objective of IDBI Gold Exchange Traded Fund

    IDBI Gold Exchange Traded Fund aims at replicating the performance of gold in local prices by making investments in physical gold as well as gold-related instruments.

    Who is IDBI Gold Exchange Traded Fund for?

    IDBI Gold Exchange Traded Fund is ideal for those who want returns that correspond with the performance of gold in local prices by investing in physical gold as well as gold-related instruments.

  3. IDBI Gold Fund
  4. Fund Type

    Open-ended fund of fund scheme that invests in IDBI Gold ETF

    Entry Load

    N/A

    Exit Load

    1% of the applicable NAV for exit within a year from the date on which the units were allotted

    Benchmark

    Domestic price of gold

    Fund Manager

    Ashish Mishra

    Risk Factor

    High

    Investment Objective of IDBI Gold Fund

    The investment objective of IDBI Gold Fund is to generate returns commensurate with the returns accrued by IDBI Gold Exchange Traded Fund.

    Who is IDBI Gold Fund for?

    IDBI Gold Fund is ideal for those who want returns that are similar to the returns generated by IDBI Gold Exchange Traded Fund through investment in units of the aforementioned scheme.

Save Tax by Investing in Tax Saving Mutual Fund From IDBI

IDBI Mutual Fund enables investors to claim tax benefits by investing in its tax-saving mutual fund. Investors who put their money into IDBI Equity Advantage Fund can not only benefit from the returns offered by the scheme but also can claim tax deductions under Section 80C of the Income Tax Act, 1961.

Who is eligible for IDBI Mutual Fund?

The following entities are eligible for IDBI Mutual Funds:

  • Indian residents above the age of 18 years
  • Parents or legal guardians on behalf of individuals who are under 18 years of age
  • Kartas of HUFs
  • Partnership firms
  • Proprietors
  • Financial institutions, banks, and insurance companies
  • Public sector undertakings, bodies of individuals, companies, association of persons, and societies that have been registered under the Societies Registration Act, 1860
  • NRIs
  • Charitable and religious trusts
  • Mutual fund schemes that are registered with the Securities and Exchange Board of India
  • Foreign institutional investors and Foreign portfolio investors
  • Air Force, Army, Navy and other paramilitary bodies
  • Industrial and Scientific research organisations
  • Corporate bodies formed outside the country, and multilateral funding agencies with the permission of the Reserve Bank of India or the Government of India
  • Overseas financial companies that are part of an agreement to invest in India
  • Gratuity, Pension, or Provident Fund to whatever extent they are allowed
  • AMC, Sponsor, or Trustees

Documents Required for IDBI Mutual Fund

The following documents will be required to invest in IDBI Mutual Fund:

  • Application form
  • KYC documents
  • Address proof
  • Identity proof

How to Invest in IDBI Mutual Funds Online?

The following is the procedure to invest in IDBI Mutual Funds online:

  • Visit www.idbimutual.co.in and click on the ‘Invest Now’ link present at the top-right of the page.
  • If you’re investing in IDBI mutual funds for the first time, click on the link below the ‘New Investor’ section.
  • You will be redirected to a new page where you will have to choose the scheme category and the scheme in which you wish to invest. You will also have to choose the investment mode in this page, after which a list of options will be displayed on the screen. To choose the scheme in which you want to invest, click on the ‘Go’ option under the ‘Transact’ column.
  • You will then be redirected to a new page where you will have to fill up the investment details along with your personal details, such as your name, your date of birth, your residential category and legal status, your occupation, the income tax slab under which you fall, your country of birth, etc. You will also have to enter your contact details such as your mobile number and email ID. Submit the form after filling in all the required information and click on ‘Submit’.
  • The transaction can be completed by making the payment to the fund house.

Why Choose IDBI Mutual Funds?

IDBI has developed a strong reputation over the years thanks to the wide variety of creative solutions it offers to a diverse customer base. The sponsor of IDBI Mutual Fund - IDBI Bank, boasts more than 1850 branches across the country in addition to 3370 ATMs. But what makes the company’s mutual funds good investment options is the quality of the products on offer in addition to its employment of some of the most experienced and trusted fund managers in the country. Depending upon the kind of assets in which you wish to invest, you can rest assured that you will receive healthy returns over a period of time by investing in the company’s mutual funds.

Frequently Asked Questions

  1. Are there any charges applicable to online transactions?
  2. Online transactions can be carried out for free. There is no fee applicable to them.

  3. What kind of transactions can I conduct online?
  4. Investors in IDBI Mutual Fund can carry out financial transactions online such as purchase, switch, additional purchase, and redemption of units. The other things you can do online include viewing our portfolio summary, your capital gains statement, your account statement, your account and portfolio details, your transaction status, and asset class-wise summary.

  5. How can I go about transacting online?
  6. Investors who wish to transact online will be required to set up their login user ID and password. To do so, you will have to visit https://online.idbimutual.co.in and generate a PIN to create your user ID and password. After the PIN has been generated, some of the queries that pop up on the page will have to be answered after which the user ID shall be generated. The login password shall be sent to the registered email address.

  7. How do I generate the PIN?
  8. PIN stands for Personal Identification Number and it is essential to authenticate commercial transactions and one-time registration. For the generation of a PIN, you will be required to select the option that says ‘Generate PIN’. All the requisite details will have to be filled in on the page before submission. The PIN will then be sent to the registered email ID. It is essential to have your folio number in order to generate a PIN as it is the only necessary requirement for PIN generation so far as new investors are concerned.

  9. Which banks can I use for online purchase?
  10. Online purchases can be made through the following banks:

    • Axis Bank
    • Bank of India
    • Allahabad Bank
    • Bank of Baroda
    • Canara Bank
    • Bank of Bahrain and Kuwait
    • Bank of Maharashtra
    • Catholic Syrian Bank
    • Centurion Bank of Punjab
    • Corporation Bank
    • Central Bank of India
    • Dena Bank
    • City Union Bank
    • Deutsche Bank
    • Federal Bank
    • Indian Bank
    • Dhanalakshmi Bank
    • HDFC Bank
    • IDBI Bank
    • Indian Overseas Bank
    • ICICI Bank
    • Indian Bank
    • IndusInd Bank
    • Jammu and Kashmir Bank Ltd.
    • Karur Vysya Bank
    • ING Vysya Bank
    • Karnataka Bank Ltd.
    • Kotak Mahindra Bank Ltd.
    • Oriental Bank of Commerce
    • Lakshmi Vilas Bank
    • Punjab National Bank
    • Punjab and Maharashtra Bank
    • Ratnakar Bank
    • Punjab and Sind Bank
    • Saraswat Bank
    • South Indian Bank
    • State Bank of Hyderabad
    • Shamrao Vithal Cooperative Bank
    • Standard Chartered Bank
    • State Bank of India
    • State Bank of Bikaner and Jaipur
    • State Bank of Mysore
    • State Bank of Travancore
    • State Bank of Indore
    • State Bank of Patiala
    • Tamilnad Mercantile Bank
    • UCO Bank
    • Yes Bank
    • TNSC Bank
    • Vijaya Bank
    • Union Bank of India

    Investors who want to make online purchase of IDBI Liquid Funds can opt for one of the following banks:

    • Yes Bank
    • Axis Bank
    • IDBI Bank
    • ICICI Bank
    • Kotak Mahindra Bank Ltd.
  11. What kind of schemes can I purchase online?
  12. Investors can purchase all open-ended schemes online, apart from NFOs of closed-ended schemes and Gold ETFs. First-time investors will not be able to purchase IDBI Liquid Fund through the Transact Online facility either.

  13. Can my debit card be used to transact online?
  14. Yes, IDBI Mutual Fund allows debit cards to be used for online transactions. However, investors can only use Visa-enabled cards.

  15. How do I get my redemption proceeds?
  16. Once your redemption transaction has been processed successfully, the proceeds shall be sent to your registered bank account based on the payment mode you had chosen in the folio.

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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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