IDBI Nifty Junior Index Fund(G)

IDBI Nifty Junior Index Fund(G)
Dividend Yearly
NA
Category
Equity - Index
52-week NAV high
21.71  (As on 28-11-2019)
52-week NAV low
19.01  (As on 22-08-2019)
Expense
1.04%  (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 -1.06 8.38 0.88 3.48 -2.58 8.32 9.17 7.84 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Sep 20, 2010
Last Dividend
NA
Minimum Investment
5000

The IDBI Nifty Junior Index Fund - Growth Option is an open-ended scheme offered by IDBI Mutual Fund, sponsored by IDBI Bank. The fund mirrors the performance of the Total Returns Index of the Nifty Next 50 Index. It may also allocate a portion of the investments to futures and options in the derivatives instruments that are linked to the Nifty Next 50 Index. The growth option of the fund offers capital appreciation to the investor at the end of the investment period.

Investment Objective

To offer attractive returns to the investor by investing in stocks that constitute the Nifty Next 50 Index and also in derivatives instruments such as futures and options associated to stocks that comprise the index.

Key Features of the Scheme

The IDBI Nifty Junior Index Fund is ideal for investors who wish to achieve long term capital growth and exhibits the below features:

Type of Fund An open-ended scheme
Plans Available Regular and Direct
Options Under Each Plan
  • Growth Option
  • Dividend Option
The dividend option offers payout, reinvestment, and sweep options
Risk Moderately High
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for IDBI Nifty Junior Index Fund

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 Installment for Systematic Investment Plan (SIP)
  • Monthly - Rs.500 per month (12 months) or Rs.1,000 per month (6 months)
  • Quarterly - Rs.1,500 per quarter for a minimum of 4 quarters
Minimum installment for Systematic Withdrawal Plan (SWP) Rs.1,000 and in Re.1 multiples thereafter for a minimum of 6 months
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for IDBI Nifty Junior Index Fund

Instruments Percentage of total assets Risk Profile
Minimum Maximum
Stocks that constitute the Nifty Next 50 Index and derivative instruments linked to the index 95% 100% Medium to High
Cash and money market securities which includes call money but does not include subscription and redemption cash flow 0% 5% Low to Medium

NAV Disclosure and Benchmark for IDBI Nifty Junior Index Fund

The Net Asset Value (NAV) per unit of the IDBI Nifty Junior Index Fund is calculated by dividing the scheme’s net assets by the number of outstanding units on the day of valuation. The NAV is computed and disclosed at the end of each business day. The NAV will be rounded off to 4 decimal places.

The fund house will update the NAV on the website of the Association of Mutual Funds in India (AMFI) and IDBI Mutual Fund at www.amfiindia.com and www.idbimutual.co.in respectively on the same day by 9:00 p.m. The NAV will also be sent for publication to 2 newspapers with nationwide circulation by the asset management company.

Benchmark - Nifty Next 50 Index Total Returns Index (TRI)

Fund Manager - Ms. Uma Venkatraman

The IDBI Nifty Junior Index Fund is managed by Ms. Uma Venkatraman since 5 September 2017. She has 15 years of experience in the financial services domain particularly in equities. Before joining IDBI Mutual Fund, she had worked with Morgan Keegan, B&K Securities, UTI Mutual Fund, and ASK Raymond James.

Why you should invest in the IDBI Nifty Junior Index Fund

  • Attractive returns - The scheme has the potential to offer attractive returns through investment in stocks that make up the Nifty Next 50 Index.
  • Special benefits - The IDBI Nifty Junior Index Fund offers extra benefits such as the dividend sweep option, SIP, STP, SWP, switching options, etc., that give the scheme an extra edge over other investment options.
  • Professionally managed - The scheme is managed by a fund manager who has many years of expertise in the equity segment and who will ensure that the investments of investors are managed effectively to produce attractive returns.

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