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The country’s economy is taking strong turns every day, and with such transformations occurring regularly, there’s an alarming need of safe options to invest money. No doubt, mutual funds have been providing the correct balance of rewards and risks since ages, but there are also schemes that have brought doom to the investors. Thus, it’s essential that one should choose to invest in a fund that rewards handsomely and takes care of the market risks. IDBI Mutual Fund is one of the ace fund houses in India that invariably comes up with schemes that beat the benchmark returns and provide financial stability to its contributors. Here you can gain an insight of this fund house and how it has achieved a top rank amongst its competitors.
Preface
IDBI Mutual Fund offers ample investment options to the public to choose from, encompassing a band of over 85 schemes out of which they can select the one that suits their needs the best and accordingly, plan their future goals. Also, the AUM of this fund house stood Rs. 7295.64 crore strong as of June 30th, 2017, that depicts its strong grip in the financial exposition.
Advantages of Investing in IDBI Mutual Fund
Competent Staff: It employs great talent to deal with the enormous wealth of its investors. The collective efforts of the workforce are channelised to meet the ultimate goal of capital expansion and reciprocating prosperity.
Innovative Products: Every IDBI mutual funds scheme launched under the brand name is based on the years of research done by its expert’s team and fund analysts, both bearing ages of experience in their respective fields.
Fruitful Schemes: Although, the options offered by this fund house are not plenty, the ones which it has introduced so far have performed exceptionally well in the market giving returns that broke records. For instance, IDBI India Top 100 Equity Fund and IDBI Equity Advantage Fund are the rarest gems that have provided outstanding returns soaring up to 17.04% and 15.73 %, respectively, over a 3-year horizon.
Riskometer: A smart tool that displays the risks associated with every fund in order to enable the clients to choose the best fit to what they are pursuing. This level of transparency has built a high credibility of IDBI MF amongst its clientele.
Product Lines
Equity Funds: Commonly known as stock funds, these funds principally invest in the stocks while a relatively small portion is placed into bonds, notes, and other securities. IDBI Diversified Equity Fund is an example of highly rewarding equity funds with current NAV standing at Rs. 19.74.
Debt Funds: The primary objectives of these funds are the preservation of capital and creation of income. T-Bills, Government Bonds, and Money Market Instruments are the common example of its investing domain. IDBI Liquid Fund is one of many open-ended growth plans that bear low-risk factor and high return possibilities.
Gold Fund: These funds invest in a variety of gold options – physical gold or stocks of gold mining companies. The schemes under the realm of IDBI fund house offer the convenience of buying gold at a modest price with a combined benefit of security from theft. Records show that these funds have fetched returns of over 15% in the recent past.
It’s surprising to know that some people are reluctant to invest their money in mutual funds. Owing to their insufficient guidance, they have been gripped by many myths revolving around the fiscal emporium. However, AMCs like IDBI have wiped away all such rumours by constantly nailing the risks and beating the benchmark returns. Various online houses like MySIPonline provide the facility of online investment in this fund house.