Product Snapshot

 
Fund Name
IDBI MIDCAP FUND  
 
NatureMid Cap Fund - An open-ended equity scheme predominantly investing in mid cap stocks.
Investment Objective
The objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.
Asset AllocationThe asset allocation pattern for the scheme under normal circumstances is detailed in the table below:
Instrument Indicative allocation
(% of total Assets)
Risk Profile
  Minimum Maximum  
Equity & Equity related instruments of Midcap Companies 65% 100% High
Equity & Equity related instruments of other than midcap companies 0% 35% High
Debt and Money Market instruments 0% 35% Low to Medium
Units issued by Real Estate Investment Trusts (REITs) & infrastructure Investments Trusts (InvlTs) 0% 10% Medium to high
Fund ManagerMr. Ashish Mishra
BenchmarkNifty Free Float Midcap 100 Index-TRI
Face ValueRs. 10/- per unit
Entry LoadNot Applicable
Exit Load
 For Ongoing  For SIP
1% for exit  within 12 months from the date of allotment. 1% for exit within 12 months from the date of allotment of each instalment.
Taxation
IDBI Midcap Fund Resident Investor** Mutual Fund**
Dividend Distribution Tax NIL NIL
Capital Gain    
Long Term
(units held for more than 12 months)
NIL NIL
Short Term
(units held for less than 12 months)
15% (plus applicable surcharge & cess) NIL

The Tax rate applicable to equity schemes will be as below-
In case of Equity oriented schemes, Unit holders will be charged securities transaction tax (STT) at applicable rate on value of redemption of units.
** For further details on taxation please refer to the Section on Taxation in the SAI and independently refer to your tax advisor.
Plans & Options
The Scheme offers following plans for investment :-
  1. Regular Plan
  2. Direct Plan

Within each Plan there are two Options:
  1. Dividend Option
  2. Growth Option

The Dividend option under both Plans offers following modes of dividend:
  1. Dividend Payout
  2. Dividend Re-investment
  3. Dividend Sweep
Minimum InvestmentRs. 5000 and in multiples of Re. 1 thereafter
Additional PurchaseRs. 1000 and in multiples of Re. 1 thereafter
Systematic Investment Plan (SIP)
  • Rs. 1000 per month for a minimum period of 6 months.
  • Rs. 500 per month for a minimum period of 12 months
  • Rs. 1500 per quarter for minimum period of 4 quarters.

Investments above minimum amount mentioned, shall be made in multiples of Re. 1 for all SIP in both Options irrespective of frequency of SIP
Riskometer
This product is suitable for investors who are seeking*:
  • Long term capital growth
  • Investment predominantly in equity & equity related instruments of Midcap companies
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Disclaimer of IISL
The IDBI Midcap Fund offered by IDBI Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of IDBI Midcap Fund or any member of the public regarding the advisability of investing in securities generally or in the IDBI Midcap Fund linked to Nifty Free Float Midcap 100-TRI or particularly in the ability of the Nifty Free Float Midcap 100-TRI to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty Free Float Midcap 100-TRI in the Scheme Information Document.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.