IDBI Nifty Index Growth - Latest NAV ₹21.9966, Returns, Performance & Portfolio

IDBI Nifty Index Growth

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    7.09%
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    (+0.08)21.9966

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Fund Summarystar

PeriodReturns(per year)
10 Years6.69%
5 Years7.09%
3 Years5.27%
1 Year2.5%
6 Months28.16%
Fund Details
ISININF397L01091
RiskModerately High risk
Fund TypeIndex Funds
NAV21.9966
Exit Load--

More about this fundstar

Top HoldingsWeightage
Reliance Industries Ltd14.89%
HDFC Bank Ltd9.66%
Infosys Ltd7.61%
Housing Development Finance Corp Ltd6.42%
Tata Consultancy Services Ltd5.4%
ICICI Bank Ltd5.04%
Kotak Mahindra Bank Ltd3.83%
Hindustan Unilever Ltd3.81%
ITC Ltd3.09%
Larsen & Toubro Ltd2.27%

About IDBI Nifty Index Fund

Being an open-ended equity fund, the scheme invests only in the stocks comprising the Nifty 50 Index in the same weight as of these stocks with the objective to replicate the performance of the total returns index of S&P CNX Nifty.

Pros and Cons of IDBI Nifty Index Fund

This product is suitable for those who are seeking:

  • Long term capital appreciation and growth in a passively managed scheme tracking the Nifty 50 Index (TRI).
  • The fund invests in the stocks comprising the Nifty 50 Index in the same weight as of these stocks as in the Index with objective to replicate the performance of Nifty 50 Index.

Fund Information and Statistics of IDBI Nifty Index Fund

Inception/ Launch Date

The IDBI Nifty Index Fund was launched on January 2013 by IDBI Mutual Fund.

Risk Level

The present IDBI scheme is not a assured return scheme neither guarantee the future performance of the scheme. The value of the investment can go up and down, as the price or the interest rates of the scheme fluctuate. The investment also involves risks such as settlement risk, liquidity risk, trading volumes including possible loss of the principal.

Redemption

The scheme is open for the redemption of its units on all business days at current NAV based prices. The dispatch of redemption proceeds within 10 business days from the date of receipt of redemption request.

Fund Manager

Mr.Firdaus Marazban Ragina is the fund manager of IDBI Nifty Index Fund.

Entry/ Exit Load

The entry load for this investment is NIL. The exit load for this investment is not applicable.

Tax benefits of investing in IDBI Nifty Index Fund

The short-term capital gains made on sale of units within 1 year from the date of allotment are 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 are taxed at concessional rate of 10% (without indexation). Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.

About IDBI Mutual Fund

IDBI Mutual Fund is managed by the IDBI Asset Management Limited. IDBI Mutual Fund gives opportunity to the investor to experience the prosperity of the capital markets.IDBI Mutual Fund is made up of pools of funds collected from many investors and invest in securities such as bonds, money-market, stocks etc. for capital gain.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately 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