IDBI Nifty Junior Index Fund

IDBI Nifty Junior Index Fund, is managed by V Balasubramanian. The fund tries to replicate returns of the S&P CNX Nifty Junior Index. In its two years of existence the fund has given mixed performance; returns fell lower than its peers in certain periods and rose above the category average in others. New investors can safely skip this fund. If you hold units in this fund exit them now and invest in a better fund with longer track record.

Where does IDBI Nifty Junior Index Fund invest your money ?

IDBI Nifty Junior Index Fund is a large & mid cap index fund which means your money will be invested in 50 stocks on the Nifty Junior index in the same proportion as they occur on the index. It has 40.7% exposure to large size companies and 59.3% exposure to mid size companies. Mid size stocks can give kicker returns as they turn into large stocks but this happens not so frequently.

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

If you had invested Rs 1 lakh when the fund was launched in Sep 2010 its value would have dropped to Rs 93698 today. The performance has not been better than other funds in this category. The fund has been giving around -2.3% returns to those who have stayed invested since inception.

Assume you had invested Rs 10,000 in this fund through SIP every month since inception its value would have become Rs 3.53 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 No exit load applies for units withdrawn post one year.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 Junior Index Fund is 1.70%. 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.

 

Better alternatives for satellite portfolio

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents