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IDBI Nifty Junior Index Fund(G)-Direct Plan

IDBI Nifty Junior Index Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Index
52-week NAV high
24.73  (As on 31-08-2018)
52-week NAV low
20.15  (As on 25-10-2018)
Expense
0.24%  (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 1.04 3.19 9.39 -6.93 4.00 13.88 10.73 15.56 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

The IDBI Nifty Junior Index Fund - Direct Plan - Growth Option is an open-ended equity scheme that is passively managed and tracks the Nifty Next 50 Index. The scheme is offered by IDBI Mutual Fund and managed by IDBI Asset Management Limited. The trustee company of IDBI Mutual Fund is IDBI MF Trustee Company Limited.

Investment Objective of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option

The investment objective of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option is to make investments only in the stocks that comprise the Nifty Next 50 Index in the same proportion as the Index. The IDBI Nifty Junior Index Fund - Direct Plan - Growth Option aims to try and emulate the performance of the Total Returns Index of the Nifty Next 50 Index. The IDBI Nifty Junior Index Fund - Direct Plan - Growth Option could also make investments in derivatives instruments like Options and Futures that are connected to the Nifty Next 50 Index or the stocks comprised in the index. A passive investment strategy shall be adopted by the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option to achieve its investment objective by reducing the tracking errors between the scheme and the Nifty Next 50 Index.

Key Features of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option

Here are some of the key features of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option:

Type of Fund Open-ended equity Fund
Plans Available
  1. Direct Plan
  2. Regular Plan
Options Under Each Plan Both the Regular Plan as well as the Direct Plan come with the following options:
  1. Dividend Option
  2. Growth Option
The Dividend Option comes with the following facilities:
  1. Reinvestment
  2. Payout
  3. Sweep
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available
Risk Factor Moderately High

Investment Amount for the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option

Minimum Application Amount (for Growth option) Rs.5,000 and in multiples of Re.1 thereafter
Minimum Additional Investment (for Growth option) Rs.1,000 and in multiples of Re.1 thereafter
Minimum Instalment for Systematic Investment Plans
  • Monthly Option: Rs.500 per month (minimum of 12 instalments) or Rs.1,000 per month (minimum of six instalments)
  • Quarterly Option: Rs.1,500 per quarter (minimum of four instalments)
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option

Instruments Allocations (Percentage of total assets) Risk Profile
Stocks in the Nifty Next 50 Index and derivative instruments linked to the Nifty Next 50 Index as and when the derivative products are made available on the same 95% to 100% Medium to High
Cash and money market instruments including money at call but not including Subscription and Redemption Cash Flow 0% to 5% Low to Medium

NAV Disclosure and Benchmark for IDBI Nifty Junior Index Fund - Direct Plan - Growth Option

The Net Asset Value of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option shall be calculated on each and every calendar day and be published in a minimum of two national newspapers that are circulated across India on every business day. The Asset Management Company shall also update the NAV of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option on the website of the mutual fund as well as the website of the Association of Mutual Funds in India by 9:00 a.m. on every business day.

Benchmark Index of the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option: Nifty Next 50 Index (Total Returns Index)

IDBI Nifty Junior Index Fund - Direct Plan - Growth Option Fund Manager

The IDBI Nifty Junior Index Fund - Direct Plan - Growth Option is managed by Mr. Anshul Sharma who has been in charge of the scheme since April 2015. Mr. Sharma works as a Fund Manager with IDBI Mutual Fund and has over nine years of experience in equity markets. His previous employers include a couple of popular names such as IDBI Bank Ltd. (where he worked in the Treasury Department) and ING Investment Management Pvt. Ltd. (where he worked in the Fund Management Department). Mr. Sharma manages a few other funds for IDBI Mutual Fund, such as IDBI Gold Fund, IDBI Nifty Index Fund, and IDBI Gold Exchange Traded Fund.

Why you should invest in the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option

Investment in the IDBI Nifty Junior Index Fund - Direct Plan - Growth Option is a good option for investors who want capital growth in the long term via a passively management strategy. The scheme tracks the Nifty Next 50 Index to generate capital growth and invests only in stocks comprising the Nifty Next 50 Index in the same proportion as the index.

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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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