Product Snapshot

 
Fund Name
IDBI NIFTY JUNIOR INDEX FUND  
 
NatureAn open ended scheme replicating/tracking the Nifty Next 50 Index (Total Returns Index).
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 as and when the derivative products on the same are made available. 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.
Asset Allocation The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative allocation
(% of total assets)
Risk Profile
  Minimum Maximum  
Stocks in the Nifty Next 50 Index and derivative instruments linked to the Nifty Next 50 Index as and when the derivative products are made available on the same. 95% 100% Medium to High
Cash and Money Market Instruments including money at call but excluding Subscription and Redemption Cash Flow 0% 5% Low to Medium
For more details on Asset Allocation please refer Scheme Information Document(SID)
Fund Manager Mrs. Uma Venkatraman
BenchmarkNifty Next 50 Index-TRI
Face ValueRs. 10/- per unit.
Entry Load Not Applicable
Exit Load Nil
Taxation
IDBI Nifty Junior Index Fund Resident Investors** Mutual Fund**
Tax on Dividend Nil Nil
Capital Gains
  • Long Term
  • Short Term
Nil
15% (plus applicable surcharge and cess)
Nil
Nil
Unit holders of the Scheme 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 and to the latest Tax Reckoner. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of the individual nature of the tax consequences, each investor is advised to consult his/ her own professional tax advisor.

Plans & Options
The Scheme offers following plans for investment:-
  • Regular Plan
  • 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:
  • Dividend Payout
  • Dividend Re-investment
  • Dividend Sweep
Minimum Investment Rs. 5000 and in multiples of Re. 1 thereafter.
Additional Purchase Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Investment Plan (SIP)
Monthly option -
Rs. 500 and in multiples of Re. 1/- thereafter per month, for at least 12 months or
Rs. 1000 and in multiples of Re. 1/- thereafter per month, for a minimum period of 6 months.
Quarterly option -
Rs. 1500 and in multiples of Re. 1/- per quarter thereafter 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 or the Option.

Riskometer
This product is suitable for investors who are seeking*:
  • Long Term growth in a passively managed scheme tracking Nifty Next 50 Index (TRI)
  • Investments only in and all stocks comprising Nifty Next 50 Index in the same weight of these stocks as in Index with objective to replicate performance of Nifty Next 50 Index (TRI)
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Disclaimer of IISL: 

The IDBI Nifty Junior Index Fund offered by IDBI Mutual Fund or its affiliates is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do 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 Nifty Junior Index Fund or any member of the public regarding the advisability of investing in securities generally or in the IDBI Nifty Junior Index Fund linked to Nifty Next 50-TRI or particularly in the ability of the Nifty Next 50-TRI to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty Next 50-TRI in the Scheme Information Document.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.