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IDBI Mutual Fund

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IDBI Mutual Fund aims give the investor an opportunity to experience the growth of capital markets through mutual funds.

This article covers the following:

  1. What is IDBI Mutual Fund (IDBIMF)?
  2. How to invest in IDBI Mutual Funds (IDBIMF)?
  3. Top 4 IDBI Equity funds
  4. Top 5 IDBI Debt Funds
  5. Top 2 IDBI Hybrid Funds
  6. Top IDBIMF Fund Managers

1. What is IDBI Mutual Fund (IDBIMF)?

IDBI Mutual Fund, as envisaged by the trust, is managed by the IDBI Asset Management Limited which was established on 25th January 2010 under the Companies Act, 1956. The fund house has been sponsored by IDBI Bank. IDBI Mutual Fund aims at promoting 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. It consists of lot of funds with good CRISIL rating.

Being a promoter, IDBI is not only one of India’s largest banks but also a major contributor to country’s industrial and economic development. It has been in the financial domain for over 40 years. IDBI first began its journey as a development financial institution & after some point of time evolved as a full-fledged commercial bank. The trust of IDBI Mutual Fund is being handled by IDBI MF Trustee Company Limited which was incorporated on 25th January, 2010 under the Companies Act, 1956.

2. How to invest in IDBI Mutual Funds (IDBIMF)?

Whether you are a veteran or a budding investor in mutual fund domain, investing in IDBIMF is made easy with ClearTax. You can visit ClearTax to pick from a diverse list of handpicked funds that are designed keeping in mind the risk profile and investment objective of investors. You can be assured of a hassle-free quick process of selecting any product from your favorite fund house – IDBIMF, with Cleartax. This requires just one KYC formality that will take not more than 5 minutes of your time. ClearTax makes investing simple for you.

The process is very simple on ClearTax.
Step 1: Visit cleartax.in
Step 2: Select your favourite mutual fund plan
Step 3: Enter the amount you want to invest and select the mode of investment.
Step 4: Click on “Invest Now” and provide your basic details.
Step 5: Make payment. You just completed investing in 5 minutes.

3. Top 4 IDBI Equity funds

IDBI Equity Funds are moderately high risk investments investing in equity and equity related securities of high revenue generating companies. The schemes are designed to achieve long-term goals of investors like wealth creation, retirement planning and income generation. The fund returns may vary depending upon the performance of the underlying equity shares.

Scheme NameRisk5 year return (%)
Fund Objective
IDBI Equity Advantage Fund Moderately High19.44The fund is an open-ended equity linked savings scheme which invests in equity and equity related instruments of companies across market capitalisation. It aims to achieve wealth generation along with regular income with a mandatory lock-in period of 3 years. Apart from capital appreciation, you get the tax benefit available under Section 80C of the Income-Tax Act, 1961. The fund manager maintains a well-diversified portfolio of stocks which are picked based on their growth potential.
IDBI Nifty Junior Index FundModerately High16.89It is an open-ended fund which invests in stocks of Nifty Next 50 Index in the same proportion as they exist in the index. The fund manager may also invest in derivatives like Futures and Options based on the stocks as the underlying asset. He follows a passive investment strategy and seeks to minimize the tracking error between the fund and the index. He aims at replicating the performance and earning returns similar to the Total Returns Index of Nifty Next 50 Index.
IDBI India Top 100 Equity FundModerately High12.18Being an open-ended fund, it invests in stocks of large cap companies. The fund manages aims to achieve wealth creation in the long run by providing opportunities to take exposure in equity and equity related instruments of companies having high growth potential across various sectors. However, the scheme does not guarantee achievement of objectives as planned.
IDBI Diversified Equity FundModerately High7.25 (3 years)It is an open-ended multi cap fund which invests in a well-diversified portfolio of equity and equity related instruments of companies across market capitalisation. The fund manager targets wealth maximisation over the long run by seeking opportunities across diverse sectors. However, the fund performance in future is not guaranteed as per the objectives.

4. Top 5 IDBI Debt Funds

IDBI Debt Funds are low to moderate risk investments which invest in fixed-interest yielding instruments like debentures, bonds, treasury bills and other money-market securities. The schemes are designed to achieve financial goals of investors like preservation of capital, liquidity and income generation. The fund returns may vary based on the price movement of underlying debt instruments.

Scheme NameRisk3 year return (%)Fund Objective
IDBI Credit Risk Fund
Moderate6.22The fund is an open-ended debt scheme which aims at achieving wealth maximisation and generating regular income. The fund manager invests in AA and below-rated corporate bonds across different maturities. However, the fund does not guarantee or assure achievement of the investment objective.
IDBI Gilt FundModerate4.07Being an open-ended debt scheme, it aims to create wealth over the medium term along with seeking opportunities for regular income generation. The fund manager maintains a well-diversified portfolio by investing in central government dated securities, state government securities and treasury bills across different maturities. The scheme, however, does not provide assured returns.
IDBI Dynamic Bond FundModerate
4.10Being an open-ended debt scheme, it invests in high-credit quality debt and money market instruments across different maturities. The fund manager aims to generate income along with maintaining liquidity of the portfolio. Attempts are made to take advantage of the dynamic interest rate regime by using active management.
IDBI Liquid FundLow7.17It is an open-ended debt scheme which invests in low-risk portfolio of money market and debt instruments with maturity of up to 91 days. The fund manager ensures high level of liquidity within the portfolio along with regular income for the investors. However, there is no guarantee of assured fund returns.
IDBI Ultra Short Term FundModerately Low
6.70
It is an open-ended debt scheme which invests in debt and money market instruments which mature between 3 months to 6 months. The scheme aims to generate regular income for the investors by maintaining a lower interest rate risk profile of the portfolio.

5. Top 2 IDBI Hybrid Funds

IDBI Hybrid Funds are moderately high risk investments which invest in a blend of equity and fixed income instruments like debentures, bonds, treasury bills and other money-market instruments. The schemes are designed to meet financial goals of investors like wealth creation and income generation. The fund returns may vary based on the price movement of underlying equity and debt instruments.

Scheme NameRisk5 year return (%)
Fund Objective
IDBI Hybrid Equity Fund
Moderately High-6.25 (1 year)
It is an open-ended hybrid scheme which aims at creating opportunities for wealth creation along with income generation. The fund manager invests in a well-diversified portfolio comprising equity, debt and money market instruments.
IDBI Equity Savings FundModerately High6.18It is an open-ended scheme which invests in a diverse portfolio comprising of equity, arbitrage and debt instruments. The fund manager aims to provide regular income by following arbitrage strategy. Wealth maximisation is achieved through unhedged exposure to equity and equity related instruments.

6. Top IDBIMF Fund Managers

IDBIMF has a team of fund managers who have a sound blend of expertise and experience in their respective domains to identify opportunities and to align portfolios towards maximisation of fund returns.

Raju Sharma

Mr. Sharma is currently managing the fixed-income segment of the fund house like IDBI Liquid Fund and IDBI Hybrid Equity Fund (Debt Portion) respectively. He holds a 25 years of industry experience in financial services, debt capital markets and treasury. Before joining the fund house, he was associated with prestigious institutions like Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley, and DHFL.

Uma Venkatraman

Mrs. Venkatraman holds 15 years of experience in the financial services domain, with a special emphasis on the equity segment. Before being appointed as a fund manager, she headed the research function of the fund house. Prior to her association with IDBI Mutual Fund, she has worked with prestigious institutions like B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.

Bhupesh Kalyani

Mr. Kalyani holds a rich work experience of around 16 years with a majority of experience in fixed income fund management and dealing. He takes care of IDBI Ultra Short Term Fund, IDBI Short Term Bond Fund & IDBI Credit Risk Fund. Before being appointed as the fund manager, he had associations with LIC Mutual Fund, TATA Mutual Fund and Star Union Dai-ichi Life Insurance Co. Ltd.

Ashish Mishra

Mr. Mishra holds a rich work experience of 13 years and is currently handling funds like IDBI Diversified Equity Fund, IDBI Focused 30 Equity Fund, IDBI Midcap Fund, IDBI Gold Exchange Traded Fund and IDBI Gold Fund. 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).