IDBI Nifty Index Fund (G)
Scheme Information
2019-11-14
| Asset Management Company (AMC) | IDBI Asset Management Ltd. |
| Asset Class Type | Equity |
| Inception Date | Jun 25, 2010 |
| Benchmark | NIFTY 50 - TRI |
| Objective | The investment objective of the scheme is to invest only in and all the stocks comprising the S&P CNX Nifty 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 S&P CNX Nifty index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the S&P CNX Nifty index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the S&P CNX Nifty index (Total Returns Index) and the Scheme. |
| Fund Manager | Firdaus Marazban Ragina |
| AUM (In Crores) | 229.45 |
| Allocation |
Others: 0.0739% Equity: 99.9261% |
| Minimum Investment Amount |
First Investment:
5000
|
| Expense Ratio | 1.03 |
Scripbox has taken due care and caution in compilation of the data contained in this factsheet. This data has been obtained by Scripbox from sources which it considers reliable. However, please verify the data from the mutual fund (link provided) before taking any Investment action based on this information.
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