IDBI Nifty Junior Index Fund Overview

Mutual Fund

IDBI Nifty Junior Index Fund is an open-ended large-cap fund. The launch date of this fund is 20th September 2010. The risk is moderately high for IDBI Nifty Junior Index Fund. This fund is managed by Mr. Firdaus Marazban Ragina. The benchmark of this fund is Nifty Next 50 Index- TRI.

The 99.4% investment of IDBI Nifty Junior Index Fund is invested on Indian Stocks. 80.83% is invested in large-cap stocks and 18.57% in mid-cap stocks. The AUM of IDBI Nifty Junior Index Mutual Fund is Rs.48crore. The expense ratio is also low which is 0.79%. This fund has given good returns over time. In the last three years and five years, the fund has given a return of 13.74% and 14.96%. The minimum lump sum investment for IDBI Nifty Junior Index Fund is Rs.5000. The minimum SIP investment is Rs.500. You also can invest in IDBI Nifty Junior Index Fund Growth and IDBI Nifty Junior Index Fund dividend but it is advisable to invest in IDBI Nifty Junior Index Fund growth. The minimum balance is Rs. 5,000 for this fund. There is no entry load or no exit load in IDBI Nifty Junior Index Fund. 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. IDBI Nifty Junior Index Fund 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. IDBI Nifty Junior Index Fund 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.

Top 10 holdings of IDBI Nifty Junior Index Fund (03/04/2019)

S.No.Name of HoldingNet Assets (%)
1Britannia Industries Ltd.5.68
2Godrej Consumer Products Ltd.4.01
3Dabur India Ltd.3.9
4Piramal Enterprises Ltd.3.22
5Shree Cement Ltd.3.19
6Aurobindo Pharma Ltd.3.16
7Motherson Sumi Systems Ltd.3.08
8Lupin Ltd.2.89
9Havells India Ltd.2.82
10Marico Ltd.2.77

Top 5 sectors of IDBI Nifty Junior Index Fund (03/04/2019)

S.No.Name of HoldingNet Assets (%)
1Pharmaceuticals and Drugs12.61
2Household and Personal Products12.15
3Insurance8.6
4Consumer Food8.45
5Cement and Construction Materials7.55

IDBI Nifty Junior Index Fund

  • AUM Size- Rs.48cr.(as on 28th February 2019) 
  • Expense Ratio- 0.79% (28th February 2019)
  • Launch Date- 20th September 2010
  • Benchmark- NIFTY Next 50 TRI
  • Risk- Moderately High
  • Return Since Launch- 9.15%

Performance

1-Year3-Year5-Year10-Year
Fund-4.9113.7414.96
S&P BSE SENSEX Next 50 TRI0.2714.2914.85
Category10.8114.7112.79
Rank within Category91556
Number of funds in category917662

As on Apr 03, 2019

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