| Fund Name |
IDBI Nifty Index Fund |
| Nature |
An open - ended passively managed equity scheme tracking the S&P CNX Nifty Index (Total Returns Index) |
| Investment Objective |
The investment objective of the scheme is to invest only in and all the stocks comprising the S&P CNX Nifty 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 S&P CNX Nifty index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the S&P CNX Nifty index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the S&P CNX Nifty index (Total Returns Index) and the Scheme. |
| Investment Strategy |
The investment strategy for the Scheme would be to hold the constituents of the S&P CNX Nifty Index in the portfolio of the scheme in the same weights as in the Index. Exposure to each stock in the Index will be either through the cash segment or through the derivative segment, in the portfolio will be of the same weightage of that particular stock as in the Index. Through this strategy, the Scheme will seek to minimize the tracking error to with the objective to realize the performance of the Total Returns Index of S&P CNX Nifty Index. |
| Asset Allocation |
The asset allocation pattern for the scheme is detailed in the table below:
| Instrument |
Indicative Allocation
|
Risk Profile |
| (% of total assets) |
| Minimum |
Maximum |
|
Stocks in the S&P CNX Nifty Index and derivative instruments linked to the S&P CNX Nifty Index |
95% |
100% |
Meduim to High |
|
Cash and Money Market Instruments including money at call but excluding Subscription and Redemption Cash Flow |
0% |
5% |
Low to Medium |
|
| Fund Manager |
Mr. V Balasubramanian.. |
| Benchmark |
S&P CNX Nifty Index (Total Returns Index). |
| Face Value |
Rs. 10 for cash at par. |
| Entry Load |
Not Applicable |
| Exit Load |
1% for exit (repurchase/switch-out/SWP/STP) on or before 1 year from the date of allotment& in case of SIP, on or before 1 year from the date of allotment of each installment. |
| Plans Available |
· Regular
- Growth
- Dividend
· Direct
- Growth
- Dividend
The Dividend Option under both Plans offers the following modes of dividend:
- Payout
- Re-investment
- Sweep |
Minimum Investment
Amount |
Rs. 5,000 and in multiples of Re. 1 thereafter. |
| Additional purchase |
Rs. 1,000 and in multiples of Re. 1 thereafter. |
Systematic Investment Plan
(SIP) |
Monthly Option: Rs. 500 per month for a minimum period of 12 months or Rs.1,000 per month for a minimum period of six months.
Quarterly Option: Rs. 1,500 per quarter for a minimum period of 4 quarters.
Investments above the minimum amount mentioned, shall be made in multiples of Re.1 for all SIP irrespective of frequency of SIP |
| Taxation |
| IDBI Nifty Index Fund |
Resident Investors
|
Mutual fund |
|
Tax on Dividend |
Nil |
Nil |
Capital Gains
● Long Term
● Short Term |
Nil
|
Nil |
15% (plus applicable
surcharge and cess) |
Nil |
Unit holders of the Scheme will be charged securities transaction tax (STT) @ 0.25% on value of redemption of units or at applicable rates. |
| Expense Ratio |
| Regular Plan |
1.59% |
28-02-2013 |
| Direct Plan |
1.09% |
28-02-2013 |
|
