April 15, 2023
mayank
IDBI Midcap Fund
NAV Growth: Rs 17.7300
NAV IDCW: Rs 16.6700
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies.
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 25-Jan-17 |
| Return Since Launch | 9.65% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 173 Cr |
| (As on 31-Mar-2023) | |
| Expense | 1.62% |
| (As on 28-Feb-2023) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 7.00% |
IDBI Midcap Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Midcap Dir | -3.69 | 0.23 | 3.38 | -2.85 | -2.10 | -3.01 | 27.17 | 7.57 | — | — |
| S&P BSE 150 MidCap TRI | -2.03 | 0.20 | 2.10 | -1.83 | 1.12 | 1.48 | 35.83 | 11.65 | — | — |
| Equity: Mid Cap | -1.59 | 0.14 | 2.16 | -1.11 | 0.07 | 1.61 | 33.41 | 12.11 | — | — |
| Rank within category | 35 | 9 | 2 | 35 | 30 | 29 | 22 | 21 | — | — |
| Number of funds in category | 38 | 38 | 38 | 38 | 34 | 31 | 25 | 21 | 19 | 17 |
IDBI Midcap Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| IDBI Midcap Dir | 1 star | -3.01 | 27.17 | 7.57 | 1.62 | 173 | 9.65 | 1.00 (365) | 6yrs 2mo | 7.00 |
| Kotak Emrgng Eqt Dir | 4 star | 3.43 | 36.88 | 14.48 | 0.45 | 23,963 | 19.19 | 1.00 (365) | 10yrs 3mo | 2.88 |
| Axis Midcap Dir | 4 star | -1.31 | 26.08 | 14.92 | 0.57 | 18,749 | 17.88 | 1.00 (365) | 10yrs 3mo | 23.00 |
| Nippon Ind Growth Dir | 4 star | 4.20 | 35.79 | 14.41 | 1.14 | 13,420 | 15.86 | 1.00 (30) | 10yrs 3mo | 59.00 |
| Mirae Asset Midcap Dir | 4 star | -0.51 | 36.45 | — | 0.61 | 8,852 | 23.54 | 1.00 (365) | 3yrs 8mo | 34.00 |
Portfolio Analysis
| No. of Stocks | 57 |
| Top 10 Stocks | 32.60% |
| Top 5 Stocks | 18.78% |
| Top 3 Sectors | 49.28% |
| Portfolio P/B Ratio | 3.29 |
| Portfolio P/E Ratio | 24.33 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 33,151 | 31,507 |
| Giant (%) | 6.45 | 5.68 |
| Large (%) |
21.50 |
17.97 |
| Mid (%) | 66.77 | 74.02 |
| Small (%) | 4.19 | 7.21 |
| Tiny (%) | 1.09 | 0.71 |
Chanakya’s Mutual Fund Guidance For IDBI Midcap Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://online.idbimutual.co.in/
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