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IDBI Nifty Next 50 Index Fund Direct Growth

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previously known as IDBI Nifty Junior Index Dir Gr until

34.079 (0.254%)
NAV on June 01, 2023
Category Equity:
Index Funds
Investment StyleBox
Large Growth
Total Assets 52 cr
Turnover Ratio 104.52%
Expense Ratio 0.32%
Exit Load -
Returns
  • 1M: 6.65%
  • 1Y: 9.72%
  • 3M: 11.71%
  • 3Y: 20.13%
  • 6M: -3.91%
  • 5Y: 8.32%
Min Investment 5,000
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ADDITIONAL INFO
Fund Manager Nisha Sharma (Since 4 months)
ISIN INF397L01AW2
Fund Family IDBI
P/E Ratio 25.04
P/B Ratio 3.59
Launch Date January 01, 2013
Benchmark IISL Nifty Next 50 TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs IISL Nifty Next 50 TR INR

Alpha -0.60
Beta 0.99
R-Squared 99.92
Info Ratio -1.67
Tracking Err 0.49
Sortino -
Sharpe -
Std Dev 16.821
Risk High
SECTOR WEIGHTINGS (%)
Financial 18.13%
Industrial 16.57%
Technology 3.69%
Basic Materials 20.24%
Consumer Cyclical 6.68%
Utilities Services 8.27%
Healthcare Services 1.39%
Energy Services 2.72%
Communication Services 3.85%
Consumer Defensive 16.06%
Real Estate 2.40%
INVESTMENT OBJECTIVE

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. The scheme 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. The scheme 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.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet
Top Index Funds Funds
NAME LATEST
NAV		 RETURNS
1y       		FUND
ASSETS 		EXPENSE
RATIO		 RISK
Idbi mutual fund
IDBI Nifty Next 50 Index Fund Direct Growth
34.079 9.72% 52 cr 0.32% High
Icici
ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth
38.804 9.53% 2,613 cr 0.30% High


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