IDBI NIFTY 50 Index Fund Growth

IDBI NIFTY 50 Index Fund Growth is a scheme launched by IDBI Mutual Fund on June 25, 2010, and falls under the Index fund category. It currently manages an AUM of Rs 207.73 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.9% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty 50 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 Nifty 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty 50 Index (Total Returns Index) and the Scheme.

• Performance:

  IDBI NIFTY 50 Index Fund Growth trailing returns over different times are NA% (1 year), NA% (3 year) and NA% (5 year). The average annual return of this fund stands at NA%.