IDBI Nifty Junior Index Fund

Plan : Regular | Direct Add to Portfolio Compare
Assets
₹56 Cr
Expense
0.9 %
Turnover
54%
Category
Index Funds - N...
Benchmark
NIFTY NEXT 50
Underlying Asset Quality
Investment StyleLarge, Green
Different Than Benchmark
41%
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Fund Overview

IDBI Nifty Junior Index Fund - Growth

Launch Date 20 Sep 2010
Benchmark NIFTY NEXT 50
Riskometer Very High
Turnover 54%
Type Open ended scheme
Return Since Launch 9.08%
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 CNX Nifty Junior 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 CNX Nifty Junior Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the CNX Nifty Junior Index as and when the derivative products on the same are made available. The scheme will adopt a passive investment strategy andwill seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the Scheme.

Managers

Fund Manager Jayesh Dinesh Shah
Sub Managers -
Puchho Befikar