The IDBI Mutual Fund: Building Trust by Performing Better

There are various asset management companies in the Indian investment market which are performing their best to sustain. Among them, the newly established IDBI Mutual Fund is also trying to gain better position by providing the best services to its clients.

We are well familiar with the Industrial Development Bank of India, which is one of the oldest established entities in the country. It has been indulged in serving the Reserve Bank of India, by providing term finance for the industries. It has been coordinating, supervising and regulating many financial institutions such as UTI, IFCI, LIC, etc. And, now in 2010 it came up with its own investment company and incorporated the IDBI Mutual Fund.

The Idbi Mf is a growing child in the investment market which was incorporated on 25th Jan 2010 under the trusteeship of the IDBI MF Trustee Company Ltd. The IDBI Bank Ltd., sponsored it, and since then it has been performing proficiently to build its well-being in the market. If we consider the performance till date, we can conclude that the IDBI Mutual Funds have an immense capacity to come in the top performing mutual funds list.

The market is full of competition and to sustain in such an environment is really challenging for an organisation. But, the IDBI MF has proved its efficiency in the market and the AUM amounting to Rs. 7507.41 crores as on 31st Dec 2015 is the evidential proof. Reaching the amount in crores in just a few years is an achievement of the IDBI mutual funds. And, it is immensely devoted to maintaining the same.

Although, the investment schemes offered by the IDBI are less in number, they are proved to be very effective and promising. By going through an in-depth research of various companies, it grabs the most promising opportunities at an early stage, so as to provide the best schemes to its clients.

The schemes offered by the IDBI Mutual Fund are classified in the following categories as per their nature of investment:

1. Equity Fund: It consists those investment plans which invest in the stocks and shares of the companies to provide long-term growth and capital appreciation.
2. Debt Fund: It includes the schemes which invest in the fixed income securities such as bonds, certificate of deposits, treasury bill, etc., to provide regular and stable income.
3. Gold Fund: The main objective of the scheme under this is to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.

Further, if we talk about the mission of the IDBI Mutual Fund, it aims "To promote financial inclusion, by assisting the common man in making informed investment choices, through online mutual fundsand thus bring to him, the prosperity of the capital markets." Thus, this shows that the IDBI MF are mainly aimed to facilitate its clients and serve them in an efficient manner.

We always desire to meet our investment goals and for that, we need the best planning and of course the best planners. The IDBI mutual fund is proved to be one of the best mutual funds of the country. They are growing higher and will take its clients to that height as well.

So if you desire to reach the height of successful investment, you can join hands with one of the fastest growing mutual funds in the country, i.e., the ‘IDBI MF.’

Dishika is well-versed with the ups and downs of the financial market and has published articles on mutual fund and SIP. She is associated with MySIPonline.com, which is an AMFI registered mutual fund company.