IDBI India Top 100 Equity Fund

IDBI India Top 100 Equity Fund is IDBI Mutual Fund’s first actively managed fund. It is being managed by V Balasubramanian. This is a new fund launched in May 2012. We advise investors to avoid funds that do not have performance record for a minimum of three years.  

Where does IDBI India Top 100 Equity Fund invest your money?

IDBI India Top 100 Equity Fund is a large and mid cap fund which means most of your money will be invested in stocks of medium and large companies listed on Nifty Index and Nifty Junior Index. Large cap companies tend to be stable compared to mid cap and small cap companies but mid cap stocks offer prospects of kicker returns. Presently it has 92.53% exposure to large size companies and 7.47% exposure to mid size companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth quickly
  • Lifestyle needs
  • Short term needs
How has IDBI India Top 100 Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in May 2012 its value would be around Rs 1.02 lakhs. This is a new fund in the category of mutual funds. Assume you had invested Rs 10,000 in this fund through SIP every month since inception its value would have become Rs 1.26 today.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of IDBI India Top 100 Equity Fund is 2.75%. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

 

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