Index funds funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
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Scheme Information
Investment Objective
The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty 50 Index (Total Returns Index) and the Scheme.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
IDBI Asset Management Limited manages assets worth 4,399 crores and was set up on 25 January 2010. It's current offering of mutual fund schemes includes 40 equity,35 debt and 8 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About IDBI Nifty Index fund (G)
About IDBI Nifty Index fund (G)
IDBI Nifty Index fund (G) is a index funds equity fund and has delivered an annualised return of 10.0% over a period of 11 years ..The fund is managed by IDBI Asset Management Limited.The fund manager’s name is Firdaus Ragina.
IDBI Nifty Index fund (G) Investment Objective
The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty 50 Index (Total Returns Index) and the Scheme. However, there is no assurance that the objective of the scheme will be realized.
IDBI Nifty Index fund (G) NAV,AUM,Risk
The IDBI Nifty Index fund (G) fund was launched on Jun 25, 2010. The NAV (Net Asset Value) of this index funds equity as of 2021-07-30 is ₹ 28.9101. The total AUM (Asset Under Management) of the fund as of 2021-08-02 is ₹ 192.243. The category risk of the IDBI Nifty Index fund (G) fund is Very High Risk.
The fund charges 0.89 % as expense ratio.
IDBI Nifty Index fund (G) Holdings
The fund’s highest allocation is towards equity and has invested 101.6% in this asset class. The top three holdings of the fund are britannia industries limited,reliance industries ltd shs dematerialised and hdfc bank ltd
IDBI Nifty Index fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
IDBI Nifty Index fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 50 TR INR
IDBI Nifty Index fund (G) Review
IDBI Nifty Index fund (G) has a score of 3 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, IDBI Nifty Index fund (G) has a score of 2 out of 5.
Scipbox has rated this fund 1 out of 5 based on consistency of performance over various years / tenures.
