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2 star

IDBI Nifty Index Fund


Equity: Large Cap

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.57 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other large cap fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -11.30 1.08 2.53 7.68 18.58 -11.61 -6.47 3.49 4.90 8.74 6.91
S&P BSE 100 TRI -10.20 0.99 2.50 7.49 18.60 -10.63 -5.36 4.18 6.62 10.79 8.55
Equity: Large Cap -9.99 0.78 2.16 6.45 16.42 -10.36 -5.10 3.72 5.71 10.44 8.14
Rank within category 95 44 45 45 25 94 86 56 55 60 44
Number of funds in category 111 114 114 114 112 111 107 87 68 62 48

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Nifty Index Fund
2 star
Jun-10 -6.47 3.49 4.90 1.03 181
ICICI Prudential Bluechip Fund  | Invest Now
4 star
May-08 -6.32 3.03 6.30 1.73 21,766
Mirae Asset Large Cap Fund - Regular Plan  | Invest Online
5 star
Apr-08 -4.96 4.13 8.22 1.72 15,175
Axis Bluechip Fund  | Invest Online
5 star
Jan-10 1.47 9.51 8.88 1.79 14,522
UTI Nifty Index Fund - Regular Plan  | Invest Online
4 star
Mar-00 -5.75 4.74 6.28 0.17 2,147

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.55 (26-May-2020 - 02-Jun-2020) -19.11 (11-Mar-2020 - 18-Mar-2020)
Month 20.54 (23-Mar-2020 - 22-Apr-2020) -36.93 (20-Feb-2020 - 23-Mar-2020)
Quarter 35.16 (23-Mar-2020 - 22-Jun-2020) -37.95 (23-Dec-2019 - 23-Mar-2020)
Year 51.61 (03-Sep-2013 - 03-Sep-2014) -33.40 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.57 20.95 -0.03 -0.04 1.00 -0.77
S&P BSE 100 TRI 5.34 20.93 0.00 0.00 -- --
Equity: Large Cap 4.80 20.27 -0.02 -0.03 0.95 -0.55
Rank within category 53 54 52 52 63 53
Number of funds in category 86 86 86 86 86 86

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 50
Top 10 Stocks (%) 61.27
Top 5 Stocks (%) 40.95
Top 3 Sectors (%) 64.92
Portfolio P/B Ratio 2.35
Portfolio P/E Ratio 19.25

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,32,102 1,76,859
Giant (%) 82.22 66.23
Large (%) 14.88 23.42
Mid (%) 2.90 9.88
Small (%) -- 1.60
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Reliance Industries Energy 31.35 11.82 6.34 11.82
up HDFC Bank Financial 22.68 11.26 9.17 10.29
up HDFC Financial 15.72 8.41 6.49 7.16
up Infosys Technology 20.06 6.87 4.63 6.32
up ICICI Bank Financial 25.08 6.94 4.19 5.36
up Tata Consultancy Services Technology 25.58 5.36 3.27 5.17
up ITC FMCG 15.70 7.62 3.71 4.30
up Kotak Mahindra Bank Financial 31.51 4.83 3.15 4.09
up Hindustan Unilever FMCG 75.69 4.57 2.14 3.67
up Bharti Airtel Communication -- 3.09 0.93 3.09
up Larsen & Toubro Construction 13.89 4.09 2.69 2.88
up Axis Bank Financial 69.10 3.42 2.05 2.17
up Asian Paints Chemicals 60.87 2.09 1.17 1.89
up Maruti Suzuki India Automobile 31.95 3.18 1.59 1.86
up Nestle India FMCG 79.53 1.62 0.00 1.56
up State Bank of India Financial 8.99 3.04 1.55 1.55
up HCL Technologies Technology 14.44 1.49 1.19 1.49
up Bajaj Finance Financial 38.12 2.49 0.00 1.29
up Sun Pharmaceutical Inds. Healthcare 30.72 1.70 0.87 1.28
up Dr. Reddy's Lab Healthcare 31.97 1.23 0.55 1.23
up NTPC Energy 13.41 1.40 1.01 1.18
up Ultratech Cement Construction 19.07 1.15 0.84 1.13
up Mahindra & Mahindra Automobile 548.57 2.02 0.76 1.04
up Power Grid Corporation Energy 9.57 1.28 0.89 1.01
up Britannia Inds. FMCG 63.05 0.99 0.00 0.99

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2020

Fund Manager


1.08%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 19.9241

Dividend: ₹ 19.0127


Investment Strategy

The scheme will invest in the stocks comprising the Nifty 50 Index in the same weights as these stocks represented in the index with the intent to replicate the performance of the Total Returns Index of S&P CNX Nifty.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 25-Jun-2010
Return Since Launch: 7.10%
Benchmark: NIFTY 50 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 181 Cr (As on 31-May-2020)
Expense: 1.03% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 13.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend15-Oct-20100.4000

 31-Aug-20100.1200

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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