IDBI Mutual Fund

The IDBI Bank mutual fund is an investment tool provided by IDBI bank, one of the leading banks in the country. IDBI offers its customers a wide range of products and services through its vast distribution network of over 1800 branches all over the country. The bank offers a wide range of mutual funds to its customers. This fund currently has Rs 6774.88 Crore worth of assets under its management. The bank offers up to 88 mutual fund schemes. Investors can choose from this wide range of offers to deploy capital according to their needs.

Key Information about IDBI Mutual Fund

Mutual Fund Name	IDBI Mutual Fund
Office	Corporate Office 5th floor, Mafatlal Centre, Nariman Point Mumbai - 400021
Email Id	contactus@idbimutual.co.in
Phone No.	022-6644 2800
Fax	022-6644 2802
Website	www.idbimutual.co.in
Set up date	Mar 29, 2010
Mutual Fund Type	Pvt. Sector - Indian
AMC incorporation Date	Jan 25, 2010
City	Navi Mumbai

IDBI Mutual Funds Overview

The table given below displayed the key information about the mutual fund schemes offered by IDBI bank:

Name of the Mutual Fund	IDBI Mutual Fund
Name of the Company	IDBI Bank
Status of the Company	Active
Registrar of Company	RoC- Mumbai
Corporate Identity Number	L65190MH2004GOI148838
Company of the Category	Public Limited
Sub-Category of the Company	Non-government Company
Classification of the Company	Public
Incorporation Date	1964
Company Age	58 years
Amount of Authorised Capital	Rs. 25,000 crore
Amount of Paid-up Capital	Rs 10752.4 crore
Listed or Unlisted	Listed
Trustee Organisation	IDBI Trusteeship Services Limited
Chairman	Mr. Rakesh Sharma
CEO	Mr Iswar Padhan
CIO	Mr Ravi Gopalakrishnan
MD	Mr J. Samuel Joseph
Total Assets Under Management (AUM)	Rs 6774.88 Crore

Types of IDBI Bank Mutual Funds

IDBI bank provides four main kinds of mutual funds schemes as given below:

Gold Funds
Equity Funds
Hybrid Funds
Debt Funds

These categories can be further subdivided into mutual fund schemes as mentioned below:

Equity Funds

IDBI Focused 30 Equity Fund
IDBI Small Cap Fund
IDBI Banking & Financial Services Fund
IDBI Midcap Fund
IDBI Diversified Equity Fund
IDBI Equity Advantage Fund
IDBI India Top 100 Equity Fund
IDBI Nifty Junior Index Fund
IDBI Nifty Index Fund

Debt Funds

IDBI Credit Risk Fund
IDBI Gilt Fund
IDBI Dynamic Bond Fund
IDBI Short Term Bond Fund
IDBI Ultra Short Term Fund
IDBI Liquid Fund

Hybrid Funds

IDBI Hybrid Equity Fund
IDBI Equity Savings Fund

Gold Funds

IDBI Gold Exchange Traded Fund
IDBI Gold Fund

How to Invest in IDBI Bank Mutual Fund Online?

Below is the step-by-step process to invest in IDBI bank mutual funds online:

Step 1: Visit the official IDBI bank mutual fund website and click on the ‘Invest Now’ option on the top right side of the page.

Step 2: If you are a new IDBI bank mutual fund investor, click on the ‘New Investor’ option.

Step 3: This will redirect you to a new page where you must select the category and scheme you want to invest in. You will also be required to choose the mode of investment. Click on the ‘Go’ button under the ‘Transact’ section.

Step 4: The applicant will then be redirected to a new page where they must enter some of their personal and investment details. You will have to enter details like your name, residential category, legal status, date of birth, etc. You will also have to provide contact details like your mobile number and email address. Enter all the details and click on the ‘Submit’ button.

Step 5: Complete the transaction by finishing your payment using your preferred mode of payment.

Documents Required for IDBI Bank Mutual Funds

Given below are some of the documents required to be submitted by an interested applicant for IDBI Mutual Funds:

Duly completed and signed application form
KYC documents
Address Proof Documents – Aadhar Card/ Passport/ Utility Bills/ Rental Agreement/ Passport
Identity Proof Documents- Aadhar Card/ Passport/ Driving License/ Utility Bill/ Rental Agreement

Frequently Asked Questions (FAQs)

Which is the best IDBI Bank mutual fund?

IDBI Liquid Fund- an open-ended liquid scheme with a Net Asset Value of 2200.2867, is considered the best IDBI Bank Mutual Fund.

Which mutual fund will be best in 2022?

IDBI Nifty Index Fund is one of IDBI bank's top-performing and best mutual funds in 2022.

How can I check my IDBI mutual fund status?

You can check the IDBI mutual fund status online by visiting the official website. Click on the ‘My Portfolio’ option, and then click on the ‘Transaction Details’ option. Enter your portfolio number, and the details will be displayed on the screen.

Is IDBI good for long-term investment?

IDBI Bank mutual fund’s ability to deliver returns is at par with other mutual fund schemes in its category.

Are IDBI mutual funds good?

There are several advantages to investing in IDBI bank mutual funds. They are fairly easy to invest in and redeem. Further, the diverse IDBI bank mutual fund portfolio minimises the risk by investing across several industries.

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Mar 12, 2024