IDBI Mutual Fund

IDBI Mutual Fund: Overview

Mutual fund is a pool of funds which is collected from many investors and invested in 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 saving 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


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. 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.

Types of Fund

Equity Funds:

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

 

Debt Funds:

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

 

 

 

 

 

 

Gold Fund:

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

Exchange-Traded Fund:


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

Fund Manager

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 Buy on PaisaBazaar.com

Buying IDBI Mutual Fund on PaisaBazaar.com is quite easy. You just have to log on to www.paisabazaar.com or download the Paisabazar app to get started. You need to register and verify your mobile number and fill your personal details such as name, Pan No, account number. Once your account is set, you can compare from different IDBI Mutual Funds and select the ones that suit your investment goals.


We all need to understand the value of money we have. We must make our savings work hard for us by capitalizing them for our future needs and goals. We can all do that by smart investing, which includes not just conventional savings schemes but also mutual funds. Through mutual funds, we can invest in equities, debts and money market options with the help of professionals and experienced fund managers.

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