IDBI Midcap Fund Regular Growth - Regular - Latest NAV [ ₹17.67 ], Returns, Performance, Portfolio & Returns 2021

IDBI Midcap Fund Regular Growth

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years15.19%
1 Year61.08%
6 Months24.09%
Fund Details
RiskVery High Risk
Fund TypeMid-Cap
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
PI Industries Ltd3.63%
Gujarat Gas Ltd3.28%
Apollo Hospitals Enterprise Ltd3.26%
ICICI Bank Ltd3.07%
Muthoot Finance Ltd3.03%
ACC Ltd3%
Indian Railway Catering And Tourism Corp Ltd2.85%
Coforge Ltd2.8%
MindTree Ltd2.73%
Alkem Laboratories Ltd2.59%

About IDBI Midcap Fund

Being an open-ended fund, it primarily invests in equity shares of mid-cap companies. The scheme aims at providing opportunities to investors for wealth creation in the long-term. However, the scheme does not guarantee achievement of investment objective due to presence of market risk.

Pros & Cons of IDBI Midcap Fund

IDBI Midcap Fund offers the following benefits:

  1. Opportunity of long term growth of capital by exposure to mid-cap companies
  2. The fund manager maintains a well-diversified aggressive portfolio of companies having high-growth potential.
  3. The fund has a relatively short investment history and requires substantial to reveal its true capability. However, the fund has faced losses more than the category and the benchmark in 3 month and 1 year time horizon.

Fund Information and Statistics of IDBI Midcap Fund

i) Inception / Launch date

IDBI Midcap Fund was launched on 2 February 2017 by IDBI Mutual Fund.

ii) Risk level

Being a mid-cap fund, IDBI Midcap Fund is a moderately high risk bet. Investors having a relatively higher risk tolerance and long-term investment horizon of more than 5 years may think of investing in this fund.

iii) Redemption

The minimum amount of redemption allowed is the lowest of Rs. 1000 or 100 units or account balance. Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr. Ashish Mishra holds a rich work experience of 13 years and before joining as the fund manager, he had associations with prestigious institutions like ING Investment Management India Pvt Ltd. and Union Bank of India (Treasury). He has been managing the IDBI Midcap Fund since September 2017.

v) Entry / Exit load

The fund house does not charge any entry load for investing in IDBI Midcap Fund. However, the scheme charges an exit load of 1% for redemption of units within 365 days from the date of allotment.

Tax benefits of investing in IDBI Midcap Fund

The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).

About IDBI Mutual Fund

IDBI Mutual Fund was established on 25th January 2010 under the Companies Act, 1956. It is being managed by the IDBI Asset Management Limited. It aims to promote financial inclusion by supporting the investor in taking informed investment decisions. It attempts to achieve this through mutual funds thereby giving him an opportunity to experience the prosperity of the capital markets.

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Frequently Asked Questions

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Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Very High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns