IDBI Mutual Fund was initially set up by IDBI in 1994. After selling its entire stake to Principal Financial Services (PFS) Inc in following years, in 2010, IDBI re-entered the business.
The AMC in its new avatar commenced by launching an index fund matching the Nifty. It has a few offerings across both equity and debt, and is expanding its product suit. However, it is still early days as far as performance is concerned.