IDBI Nifty Junior Index Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Index Funds|
More about this fund
|Avenue Supermarts Ltd||4.41%|
|Adani Green Energy Ltd||4.39%|
|Tata Consumer Products Ltd||3.75%|
|Info Edge (India) Ltd||3.7%|
|Dabur India Ltd Shs Dematerialised||3.25%|
|ICICI Lombard General Insurance Co Ltd||3.21%|
|Godrej Consumer Products Ltd Shs Dematerialised||3.15%|
|Havells India Ltd||2.92%|
|Pidilite Industries Ltd Shs Dematerialised||2.85%|
|Aurobindo Pharma Ltd||2.84%|
About IDBI Nifty Junior Index Fund
Being an open-ended equity fund, the scheme invests only in the stocks comprising the Nifty Next 50 Index in the same weight as of these stocks with the objective to replicate the performance of the Nifty Next 50 Index (TRI).
Pros and Cons of IDBI Nifty Junior Index Fund
This scheme is suitable for investors seeking:
- Passively managed scheme tracking Nifty Next 50 Index (TRI) for long term growth.
- 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 Junior Index Fund
Inception/ Launch Date
The IDBI Nifty Junior Index Fund was launched on 20 September 2010, by IDBI Mutual Fund.
The fund does not assure any dividends nor does it assure of making any dividend distributions. The return of the scheme is not assured. There can be adverse impact on the performance of the indices and the on the scheme due to any significant economic, political or general or a global event downturn.
The dispatch of redemption of units proceeds within 10 business days from the date of receipt of the redemption request.
Mr.Firdaus Marazban Ragina is the fund manager of IDBI Nifty Junior Index Fund since 2010.
Entry/ Exit Load
The entry load is NIL for investing in this scheme. The exit load is not applicable too.
Tax benefits of investing in IDBI Nifty Junior 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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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