IDBI Nifty Index Fund

IDBI Nifty Index Fund is managed by V Balasubramanian. The fund tries to replicate returns of the S&P CNX Nifty Index. In its two years of existence the fund has given average performance; returns have been close to category average in most periods. If you hold units in this fund, exit now to invest in a better performing fund. New investors can skip this one for a better fund with longer track record. 

Where does IDBI Nifty Index Fund invest your money?

IDBI Nifty Index Fund is a large cap index fund which means your money will be invested in 50 stocks on the Nifty index. The fund manager’s job ends at picking Nifty stocks and investing in them in the same weightage they have on the index. It has 97.9% exposure to large size companies and close to 2.10% exposure to mid size companies.


Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creation of wealth
  • Lifestyle needs
  • Short term needs
How has IDBI Nifty Index Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in June 2010 its value would be just around Rs1.08 lakhs. The performance has not been similar to other funds in this category. The fund has been giving around 20.36% returns to those who have stayed invested since inception.

Assume you had invested Rs 10,000 in this fund through SIP every month since July 2010 its value would have become Rs 1.02  lakhs 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 No exit load applies for units withdrawn post one year.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 Nifty Index Fund is 1.57%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. 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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