IDBI Mutual Fund - Know Complete Information
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 mutual 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:
- IDBI Focused 30 Equity Fund
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 periodFor 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.
- IDBI Small Cap Fund
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 periodFor 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.
- IDBI Midcap Fund
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 allottedFor 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.
Debt Funds offered by IDBI Mutual Fund
- IDBI Gilt Fund
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.
- IDBI Liquid Fund
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:
- IDBI Hybrid Equity Fund
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.
Gold Funds Offered by IDBI Mutual Fund
IDBI Mutual Fund offers the following gold funds:
- IDBI Gold Exchange Traded Fund
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.
- IDBI Gold Fund
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.
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