IDBI Mutual Funds offer a great suite of mutual funds to investors. Currently, AUMs of IDBI Mutual Funds are Rs 6774.88 Cr with the total number of schemes offered totaling to 88. Investors can choose from a variety of options and can invest in the one that best suits their needs and helps to fulfill their dreams and long-term financial goals.
Mutual fund is a pool of funds which is collected from many investors and invested in a diversified portfolio which ensures long-term capital gains by minimizing the risk and maximizing the profit. This fund is invested in different securities in the market like stocks, debts, money market etc. Mutual funds are a smart option than conventional investing options like Fixed Deposit, Recurring Deposit, and Post Office Savings Scheme and much more like this. Such type of savings schemes will give you returns parallel to the inflation rate only. Like if the inflation rate of the country is 7% and the interest on our swaving is 9% then actually the return we are getting on our investment is just 2%. On the contrary, mutual funds yield returns that supersede those of traditional investment instruments. This article shall explain about IDBI mutual fund in detail.
There are a series of advantages in investing in IDBI Mutual Funds:
- IDBI Mutual Funds are easy to invest and easy to redeem
- Their diversified portfolio looks to minimize risk by investing across industries
- IDBI Mutual Funds offer such features as Systematic Investment Planning, Systematic Transfer Plan and the Systematic Withdrawal Plan. Most funds also allow switching between the funds like from debt to equity
- IDBI Mutual funds believe in complete transparency and declare daily NAV and Portfolio on regular basis
- Fund Managers of IDBI Mutual Funds have a lot of experience in the industry and the investor can feel safe for the investments made in the IDBI Mutual Fund.
- Mutual Funds are regulated by SEBI to safeguard investors’ interests.
- Tax free dividends: There is no long-term Capital Gain Tax if units are held for more than 1 year.
- Most Open-Ended funds can be liquidated within 3 working days at the current NAV.
The strong management team of IDBI Mutual Fund comprises Mr. Dilip Kumar Mandal as Managing Director & Chief Executive Officer, Mr. B. Sarath Sarma as Executive Director & Head of Sales, Mr. Amit Radhayshyam Bhavsar as Chief Financial Officer and Head of Operations, Mr. Manish G. Jiandani as Company Secretary, Mr. Laxmikant Gupta as Head of Risk, Product and Compliance, Mr. A. Jayadevan as Compliance Officer, Mr. V. Balasubramanian as Head of Equity and Fund Manager, Mr. Anshul Mishra as Fund Manager of Equity & Gold, Mr. Ganti N. Murthy as Head of Fixed Income & Fund Manager, Mr. Gautam Kaul as Fund Manager of Fixed Income, Mr. S.V. Durga Prasad as Investor Relations Oficer.
How to Complete Your Mutual Fund eKYC?
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
Types of Fund
Equity funds are also known as stock funds. The primary objective of these funds is capital gains by investing a major portion of the fund in stocks while the smaller portion might be invested in bonds, notes and other securities. An equity fund can be open-ended or the close-ended fund which allows the investor to invest small amount of money in diversified portfolio by experienced fund managers.
|S. No.||Fund Name||Fund Details||Risk Factor||AUM (Approx)|
|1||IDBI NIFTY INDEX FUND Growth||Nifty 50 Index and Derivative Instruments, Open Ended, Regular and Dividend Option||Moderately High||INR 98.52 Cr|
|2||IDBI NIFTY INDEX FUND Direct Plan-Growth||Nifty 50 Index and Derivative Instruments, Open Ended, Regular and Dividend Option||Moderately High||INR 34.74|
|3||IDBI NIFTY JUNIOR INDEX FUND Growth||Nifty 50 Index and Derivative Instruments, Open Ended, Regular and Dividend Option||Moderately High||INR 30.52 Cr|
|4||IDBI NIFTY JUNIOR INDEX FUND-Direct Plan- Growth||Nifty 50 Index and Derivative Instruments, Open Ended, Regular and Dividend Option||Moderately High||INR 2.17 Cr|
|5||IDBI INDIA TOP 100 EQUITY FUND Growth||Nifty 50 Index and Derivative Instruments, Open Ended, Regular and Dividend Option||Moderately High||INR 342.49|
|6||IDBI INDIA TOP 100 EQUITY FUND-Direct Plan-Growth||Nifty 50 Index and Derivative Instruments, Open Ended, Regular and Dividend Option||Moderately High||INR 17.61|
|7||IDBI EQUITY ADVANTAGE FUND – Regular Plan- Growth||Open-Ended, ELSS, Equity and Equity related instruments, Regular & Direct Plan||Moderately High||INR 456.32|
|8||IDBI EQUITY ADVANTAGE FUND-Direct Plan-Growth||Open-Ended, ELSS, Equity and Equity related instruments, Regular & Direct Plan||Moderately High||INR 9.83|
|9||IDBI Diversified Equity Fund – Regular Plan- Dividend Top of Form||Diversified Equity, Open Ended, Equity and Equity Related Instruments||Moderately High||INR 424.45|
|10||IDBI Diversified Equity Fund – Direct Plan- Dividend||Diversified Equity, Open Ended, Equity and Equity Related Instruments||Moderately High||INR 12.05|
In debt funds, the fund is invested in a mix of debt or fixed income securities like Treasury Bills, Government Bonds, Corporate Bonds, and money market instruments. Generally, Debt Funds have fixed maturity date and offer fixed rate of interest.
|S.No.||Fund Name||Fund Details||Risk Factor||AUM (Approx)|
|1||IDBI Liquid Fund Growth||Regular Income, Open-Ended, Regular & Direct with Growth & Dividend options in both||Low||INR 725.81 Cr|
|2||IDBI ULTRA SHORT TERM FUND-GROWTH||Regular Income, Open-Ended, Regular & Direct with Growth & Dividend options in both||Moderately Low||INR 348.58 Cr|
|3||IDBI SHORT TERM BOND FUND –GROWTH||Regular Income, Debt & Money Market Instruments, Regular & Direct with Growth & Dividend options in both||Moderately Low||INR 87.56 Cr|
|4||IDBI GILT FUND – GROWTH||Central & State Government securities, T-Bills, Money Market, Regular Income, Regular & Direct with Growth & Dividend options in both||Moderate||INR 16.38 Cr|
|5||IDBI DYNAMIC BOND FUND-GROWTH||Debt Instruments, Government Securities, Open Ended, Generate Income, Regular & Direct with Growth & Dividend options in both||Moderate||INR 71.89 Cr|
|6||IDBI DEBT OPPORTUNITIES FUND-GROWTH||Open-Ended, Debt Instruments, Regular Income, Regular & Direct with Growth & Dividend options in both||Moderate||INR 184.15 Cr|
|7||IDBI MONTHLY INCOME PLAN-GROWTH||Open-Ended, Debt Instruments, MIP Aggressive, Regular & Direct with Growth & Dividend options in both||Moderate||INR 15.19|
As the name suggests, in Gold Fund, the fund invests in various forms of gold such as physical gold or in the stocks of gold mining companies or gold bullion. According to a research conducted, the gold fund category has yielded an average of 15% returns.
|S. No.||Fund Name||Fund Details||Risk Factor||AUM (Approx)|
|1||IDBI Gold Fund- Growth||Open-Ended, Domestic Price of Gold||Moderately High||INR 54.71 Cr|
|2||IDBI Gold Fund-Direct Plan- Growth||Open-Ended, Domestic Price of Gold||Moderately High||INR 1.33 Cr|
An Exchange-Traded Fund (ETF) is an investment fund traded on stock exchanges. It is a marketable security that tracks an index, a commodity, bonds or a basket of assets. Exchange-traded funds experience price change all day because of being bought and sold throughout the day. Most Exchange traded funds tracks an index.
|S. No.||Fund Name||Fund Details||Risk Factor||AUM (Approx)|
|1||IDBI Gold Exchange Traded Fund||Open-Ended, Domestic Price of Physical Gold, Debt and Money Market Instruments||Moderately High||INR 98.95 Cr|
Mr. V. Balasubramanian
Mr. Balasubramaian has over 16 years of experience in mutual fund segment with overall experience of more than 34 years. Before working with IDBI mutual fund V. Balasubramanian was part of Indian Bank’s treasury department for 8 years, his last position there being senior manager.
Funds Managed by V. Balasubramanian
- IDBI India Top 100 Equity Fund
- IDBI Equity Advantage Fund
- IDBI Diversified Equity Fund
- IDBI Monthly Income Plan (Equity Component)
Mr. Anshul Mishra
Mr. Anshul has about 7 years of experience in Stock Market, of which 4 years in the stock/Equity fund management in mutual funds. He previously worked with the Treasury Department of IDBI Bank and as fund manager in ING Investment Management Pvt. Ltd.
Funds managed by Anshul Mishra
- IDBI Nifty Index Fund
- IDBI Nifty Junior Index Fund
- IDBI Gold Exchange Traded Fund
- IDBI Gold Fund
- IDBI Rajiv Gandhi Equity Savings Scheme – Series I – Plan A (Assistant Fund Manager)
Mr. Ganti N. Murthy
Mr. Murthy is currently working as a head of fixed income and is responsible for strategy, monitoring, supervision, and performance of all debt schemes in the IDBI Mutual Fund. Prior to this role, he was working as head of fixed income in Peerless AMC. Mr Ganti N. also has 21 years of sterling experience in the mutual fund sector. He was previously employed with SBI funds management Co. Ltd., UTI Asset Management Company and Cholamandalam Asset Management Company in different capacities of the Fund Management Department.
Funds managed by Mr. Ganti N. Murthy
- IDBI Short Term Bond Fund
- IDBI Dynamic Bond Fund
- IDBI Gilt Fund
- IDBI Fixed Maturity Plans
- IDBI Monthly Income Plan (Only Debt Portion)
Mr. Gautam Kaul
Mr. Gautam has an overall experience of 13 years, of which 9 years in mutual fund industry. Prior to joining IDBI Mutual Funds, he was fund manager of fixed income in Religare Mutual Fund.
Funds managed by Mr. Gautam Kaul
- IDBI Liquid Fund
- IDBI Ultra Short Term Fund
- IDBI Debt Opportunities Fund
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: Visit Paisabazaar.com
Step 2: Click on the ‘Mutual Fund’ option.
Step 3: Create an account. Or if you are a registered user, login onto the platform using your mobile number and password/OTP.
Step 4: Now, select Invest > Explore All Funds on the left side bar. A list of all the funds will get displayed.
Step 5: Select the IDBI Mutual Fund of your choice. All the fund details including NAV, risk level, etc. will appear.
Step 6: Enter your investment amount, select investment type – SIP or lumpsum, and click on ‘Confirm & add to cart’ button.
Step 7: You can complete your payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days.
List of Top Performing IDBI Mutual Fund Schemes
|Fund Name||1 year Return||3 year Return||AUM (Cr)||Latest Nav||Category|
|IDBI Nifty Index Fund – Direct Growth||-4.49%||8.75%||76.1||22.23||Index Funds/ETFs|
|IDBI Nifty Index Fund Growth||-5.31%||7.52%||141.2||20.99||Index Funds/ETFs|
|IDBI Liquid Fund – Direct Growth||7.51%||7.16%||1,967.97||2,070.66||Liquid Fund|
|IDBI Liquid Fund Growth||7.39%||7.03%||887.5||2,056.05||Liquid Fund|
|IDBI Equity Advantage -Direct Growth||-8.88%||6.71%||26.54||29.04||ELSS|
|IDBI Short Term Bond Fund – Direct Growth||4.17%||6.19%||67.33||19.33||Short Term|
|IDBI Ultra Short Term – Direct Growth||3.09%||5.79%||92.08||2,092.17||Ultra Short Duration Fund|
|IDBI Gilt Fund – Direct Growth||12.82%||5.76%||10.31||16.43||Gilt Fund|
|IDBI Gold Exchange Traded Fund||30.46%||5.69%||60.77||3,545.73||Index Funds/ETFs|
|IDBI Dynamic Bond – Direct Growth||8.45%||5.24%||7.77||16.17||Dynamic Bond Fund|
|IDBI India Top 100 Eqty -Direct Growth||-5.36%||5.22%||19.25||26.43||Large Cap Fund|
|IDBI Short Term Bond Fund Growth||3.25%||5.06%||55.59||18.3||Short Duration Fund|
|IDBI Equity Advantage – Regular Growth||-10.28%||5.03%||559.18||27.04||ELSS|
|IDBI Ultra Short Term Fund Growth||2.52%||5.00%||215.71||2,011.22||Ultra Short Duration Fund|
|IDBI Gilt Fund Growth||12.05%||4.77%||11.49||15.75||Gilt Fund|
|IDBI Diversified Equity Fund-Direct Plan||-9.17%||4.75%||12.5||22.91||Multi Cap Fund|
|IDBI Credit Risk Fund-Direct Plan||-0.14%||4.64%||3.33||14.64||Credit Risk Fund|
|IDBI Gold Fund – Direct||29.38%||4.47%||1.13||10.97||Fund of Funds|
|IDBI Nifty Junior Index -Direct Growth||-15.21%||4.41%||9.73||21.83||Index Funds/ETFs|
|IDBI Short Term Bond – Direct Growth||-15.21%||4.41%||16.11||19.42||Short Duration Fund|
|IDBI Dynamic Bond Fund Growth||7.30%||3.91%||25.27||15.3||Dynamic Bond Fund|
|IDBI Gold Fund||28.70%||3.91%||28.74||10.65||Fund of Funds|
|IDBI Credit Risk Fund-Regular Growth||-0.90%||3.58%||84.01||13.91||Credit Risk Fund|
|IDBI India Top 100 Equity Fund Growth||-6.87%||3.48%||354.41||24.57||Large Cap Fund|
|IDBI Nifty Junior Index Fund Growth||-15.81%||3.28%||40.62||20.58||Index Funds/ETFs|
|IDBI Diversified Equity Fund-Regular Growth||-10.77%||2.82%||320.64||21.33||Multi Cap Fund|
|IDBI Focused 30 Equity Fund-Direct Plan||-11.03%||–||6.77||10.22||Focused Fund|
|IDBI Focused 30 Equity Fund-Regular Growth||-12.79%||–||241.63||9.8||Focused Fund|
|IDBI Hybrid Equity Fund – Direct Plan||-11.32%||–||7.15||11.83||Aggressive Hybrid Fund|
|IDBI Hybrid Equity Fund – Regular Growth||-12.75%||–||301.45||11.21||Aggressive Hybrid Fund|
|IDBI Long Term Value-Direct Plan||–||–||2.64||10.25||Value Fund|
|IDBI Long Term Value-Regular Growth||–||–||154.53||10.02||Value Fund|
|IDBI Midcap Fund – Direct Plan||-18.49%||–||6.54||10.56||Mid Cap Fund|
|IDBI Midcap Fund – Regular Growth||-19.93%||–||199.3||9.95||Mid Cap Fund|
|IDBI Small Cap Fund – Direct Plan||-19.29%||–||7.3||9.37||Small Cap Fund|
|IDBI Small Cap Fund – Regular Growth||-20.88%||–||135.93||8.88||Small Cap Fund|