IDBI Nifty Index Fund

Plan : Regular | Direct Add to Portfolio Compare
Assets
₹229 Cr
Expense
1.04 %
Turnover
21%
Category
Index Funds - N...
Benchmark
NIFTY 50
Underlying Asset Quality
Investment StyleLarge, Green
Different Than Benchmark
7%
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Fund Overview

IDBI Nifty Index Fund - Growth

Launch Date 25 Jun 2010
Benchmark NIFTY 50
Riskometer Moderately High
Turnover 21%
Type Open ended scheme
Return Since Launch 8.78%
Min. Investment ₹5000.00
Min. Additional investment ₹1000.00
Min. SIP ₹500.00
Min. Cheques 12
Min. Withdrawal ₹1000.00
Min. Balance ₹500.00
Exit Load 0.00%
Remark Nil

Investment 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.

Managers

Fund Manager Firdaus Marazban Ragina
Sub Managers -
Puchho Befikar