IDBI Nifty Next 50 Index Fund IDCW

IDBI Nifty Next 50 Index Fund IDCW is a fund scheme from IDBI mutual fund. It falls under a Index Fund category. After being launched on 2010-09-20. IDBI Nifty Next 50 Index Fund IDCW has achieved Rs 94.37 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 1000 and lumpsum of Rs 5000 to start the investment. The expense ratio of this fund is 0.9%.

• Investing Strategy:

  The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty Next 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 Next 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 Next 50 Index as and when the derivative products on the same are made available. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty Next 50 Index (Total Returns Index) and the Scheme.

• Performance:

  IDBI Nifty Next 50 Index Fund IDCW trailing returns over different times are 31.99% (1 year), 18.15% (3 year), 18.94% (5 year). The average annual return of this fund stands at 31.99%

• Fund Manager & Portfolio Allocation:

  Nisha Sharma are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Financial, Capital Goods, Services, Energy, Consumer Staples, Others Sectors. First five holdings of this fund are Trent Ltd., Bharat Electronics Ltd., Tata Power Company Ltd., Hindustan Aeronautics Ltd., Power Finance Corporation Ltd., Others Companies.