IDBI Nifty Index Fund Direct Growth
IDBI Nifty Index Fund Direct Growth

IDBI Nifty Index Fund Direct Growth

Equity
Direct
Index Funds

NAV: ₹ 36.9 as on 25-11-2022

Fund Performance
zero opening, trading, fund transfer fee
136 people have invested ₹ 3.5L in mutual fund in the last three months

INDmoney Rank

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Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Fund

IDBI Nifty Index Fund Direct Growth is an equity fund. This fund was started on  1 January, 2013. The fund is managed by Jayesh Shah. The fund could potentially beat inflation in the long-run.

Key parameters

1) IDBI Nifty Index Fund Direct Growth has a NAV of 36.9147 as on 25-11-2022.

2) IDBI Nifty Index Fund Direct Growth has 201 Cr worth of assets under management (AUM) as on 30-09-2022 and is less than category average.

3) The fund has an expense ratio 0.32 %.

Fund Overview

Expense ratio
Expense ratio
0.32%
Benchmark
Benchmark
IISL Nifty 50 TR INR
AUM
AUM
₹201 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
96.86%

Fund Distribution

  • Equity 99.9%
  • Debt & Cash 0.1%
Size breakup
Large cap
99.9%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

37%

Tech

14.1%

Energy

13.8%

Consumer Defensive

8.8%

Consumer Cyclical

7.3%

Basic Materials

6.6%

Health

4%

Industrial

3.8%

Communication

2.6%

Utilities

2%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings51
Equity Holdings50
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 10 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 201.4 Cr
Sep'22
₹ 191.5 Cr
Aug'22
₹ 215.7 Cr

Fund Returns vs Benchmark

Oct'22
5.46%
6.66%
Sep'22
-3.84%
-2.56%
Aug'22
3.68%
2.42%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
51
51
51
Top 5 Company Concentration
39.9%
39.4%
40.6%
Company having highest exposure
Reliance Industries Ltd (11%)
Reliance Industries Ltd (10.8%)
Reliance Industries Ltd (11.7%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
80.9%
80.7%
80.6%
Sector having highest exposure
Financial Services (37%)
Financial Services (36.8%)
Financial Services (36.9%)

Fund Manager

Jayesh Shah

Jayesh Shah

Managing this fund since 12 July 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
IDBI Nifty Index Fund Direct Growth
15.99%
--
IDBI Nifty Junior Index Fund Direct Growth
14.97%
--

AMC details

Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Fund House
IDBI Asset Management Limited

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.78% since inception which is more than its category average return of 9.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.86% in Equity, 0% in Debt and 0.14% in Cash related instruments
AUM size ₹201 Cr

AUM size ₹201 Cr

This fund has AUM of ₹201 Cr which is less than its category average of ₹ 456 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions

The current NAV of IDBI Nifty Index Fund Direct Growth is 36.21.
Existing (Absolute + CAGR)
IDBI Nifty Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.41%
3.41%
6 Month Returns
12.44%
12.44%
1 Year Returns
3.27%
3.27%
3 Years Returns
54.43%
15.59%
5 Years Returns
82.42%
12.78%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.32 as on October 2022
201 Cr as on October 2022
Reliance Industries Ltd(11.02%),HDFC Bank Ltd(8.25%),ICICI Bank Ltd(7.93%),Infosys Ltd(7.05%),Housing Development Finance Corp Ltd(5.61%) as on October 2022
Financial Services(36.99%),Tech(14.09%),Energy(13.83%) as on October 2022
The alpha ratio for the IDBI Nifty Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
IDBI Nifty Index Fund Direct Growth
-0.34
-0.6
-0.52
As on month end.
The alpha for IDBI Nifty Index Fund Direct Growth is calculated against IISL Nifty 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the IDBI Nifty Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
IDBI Nifty Index Fund Direct Growth
1
1
1
As on month end.
The Beta for IDBI Nifty Index Fund Direct Growth is calculated with IISL Nifty 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the IDBI Nifty Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
IDBI Nifty Index Fund Direct Growth
-0.03
0.58
0.46
As on month end.
The sharpe ratio for IDBI Nifty Index Fund Direct Growth is calculated with IISL Nifty 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the IDBI Nifty Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
IDBI Nifty Index Fund Direct Growth
15.21
22.32
19.18
As on month end.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
0.84
Jayesh Shah is the fund manager of IDBI Nifty Index Fund Direct Growth
The Exit load of IDBI Nifty Index Fund Direct Growth is 0%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.