IDBI Mutual Fund

Overview

IDBI Mutual Fund is one of the foremost asset management company in India. This mutual fund company is sponsored by IDBI Bank, an Indian Government owned public sector bank. The inception of IDBI Asset Management Limited was entrusted under the Companies Act, 1956 on 25th January 2010. (IDBI AMC Corporate Identification No: U65100MH2010PLC199319) whereas the appointment of IDBI Asset Management Limited was confirmed as the trustee of the company.

The registered office of IDBI Asset Management Ltd. is located at IDBI Tower, WTC Complex, Cuffe parade Colaba, Mumbai – 400 005. & Corporate Office of IDBI Asset Management Ltd. is at 5th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400 021.

Board of Directors for IDBI Asset Management Ltd.

The list of board of directors are as under:

1. AMC Directors

  • Mr. Krishna Prasad Nair (Chairman)
  • Mr. A. L. Bongirwar (Additional Nominee Director)
  • Lt. Gen.(Dr.) Mukesh Sabharwal(Independent Director)
  • Ms. Geeta P. Shetti (Independent Director)
  • Mr. Annavarapu Venkat Rammurty (Independent Director)
  • Mr. Dilip Kumar Mandal (Managing Director and Chief Executive Officer)

2. Trustee Directors

  • Mr. Gurudeo Yadwadkar (Chairman)
  • Mr. A. C. Mahajan (Independent Director)
  • Mr. T. M. Nagarajan (Independent Director)
  • Mr. P. Krishnamurthy (Independent Director)
  • Mr. J. Jayaraman (Independent Director)

Registrar

The registrar of IDBI Asset Management Ltd. is M/s Karvy Computershare Pvt. Limited.

Fund Managers

The fund managers of IDBI Mutual Fund is classified as under:

  • Mr. V. Balasubramanian (Head- Equity & Fund Manager)
  • Mr. Anshul Mishra(Fund Manager-Equity & Gold)
  • Mr. Ganti Murthy(Debt Fund Manager)
  • Mr. Bhupesh Kalyani (Fund Manager – Fixed Income)
  • Mr. Raju Sharma(Head Fixed Income and Fund Manager)

Products offered by IDBI Mutual Fund

1. Equity Funds

Equity funds are designed to invest in stock market. Equity funds are also known as growth funds which have different fund options in order to fulfill the long-term or short-term investment requirements of the investors. The following are the equity funds offered by IDBI Mutual Fund:

  • IDBI Midcap Fund
  • IDBI India Top 100 Equity Fund
  • IDBI Equity Advantage Fund
  • IDBI Diversified Equity Fund
  • IDBI Nifty Index Fund
  • IDBI Nifty Junior Index Fund

2. Debt Funds

Debt funds are those funds which predominately invest in bonds(short and long-term), money market instruments and floating rate debt securities. These funds are designed for wealth creation by assuming low to moderate levels of risk. The following are the debt funds offered by IDBI Mutual Fund:

  • IDBI Liquid Fund
  • IDBI Ultra Short Term Fund
  • IDBI Corporate Debt Opportunities Fund
  • IDBI Monthly Income Plan
  • IDBI Dynamic Bond Fund
  • IDBI Short Term Bond Fund
  • IDBI Gilt Fund

3. Gold Funds

Gold funds are those funds which mainly invest in stocks of companies that are engaged in gold mining and production. There are only two funds offered by IDBI Mutual Fund:

  • IDBI Gold Exchange Traded Fund
  • IDBI Gold Fund

4. Balanced Funds

Balanced funds invest in a mixed composition of equity and debt. These funds are also known as hybrid funds where the equity composition is higher as compared to debt as against other schemes which are different. The emphasis of balanced funds is to systematically balance the risk and returns. IDBI Prudence Fund is only balanced fund offered by IDBI Mutual Fund.

5. Fixed Maturity Plans

These funds provide safe protection to investments made by investors. As these funds invest primarily in government securities and debt/money market instruments. However, they are close-ended schemes which offer low-risks to investors.

(Data taken from AMC Website)

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