IDBI India Top 100 Equity Fund is an equity oriented open ended fund to provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments. The investment universe of the scheme will be restricted to equity stocks and equity related instruments of companies that are constituents of the S&P CNX Nifty Index (Nifty 50) and the CNX Nifty Junior Indices comprising a total of 100 stocks. These two indices are collectively referred to as the CNX 100 Index. Financial Advisor Arnav Pandya recommends on investing in this fund as it has been able to sail through tough market conditions.
Nature: Equity oriented open ended
Inception: May 2012 A
ssets under Management: Rs 51 crore at the end of June 2013
Fund Manager: V Balasubramanian
• The fund aims to invest its portfolio in stocks that comprise the CNX Nifty Index and the CNX Nifty Junior Index comprising a total of 100 stocks. At the end of June 2012 the fund had the highest exposure to banks in its portfolio.
• Automobiles, consumer non durables and industrial capital goods were some of the other leading sectors. Since the fund had just started its activities nearly half of its corpus was still in liquid form. HDFC was the top holding with Axis Bank , ICICI Bank , Bajaj Auto , SBI and Dr Reddys Labs being some of the other top holdings. The fund was benchmarked to the CNX 100 index. • By the end of November 2012 the fund had the highest exposure to automobiles at over 25 per cent of the portfolio. Banks and consumer non durables were two other sectors that had over 10 percent of the assets invested in them. ICICI Bank was the top individual holding with M&M, L&T, Bajaj Auto, HDFC, Dr Reddys Labs, HUL and TCS being some of the other top holdings.
• There was not much major change as far as the sector positions were concerned at the end of June 2013. Automobiles continued to be at the top though with a 21 per cent share in the portfolio with banks, Pharma, software and consumer non durables being other leading ones.
• Dr Reddy’s Lab with over 8 per cent share was the top individual holding followed by ICICI Bank HDFC, M&M, TCS, Maruti Suzuki , L&T and Tata Motors . The fund was an outperformer over the one year time period as well as since inception.
• Investors can consider this fund as a choice while selecting investments for their portfolio as the fund has begun on the right note and has been able to handle the tough times well.
Nature: Equity oriented open ended
Inception: May 2012 A
ssets under Management: Rs 51 crore at the end of June 2013
Fund Manager: V Balasubramanian
• The fund aims to invest its portfolio in stocks that comprise the CNX Nifty Index and the CNX Nifty Junior Index comprising a total of 100 stocks. At the end of June 2012 the fund had the highest exposure to banks in its portfolio.
• Automobiles, consumer non durables and industrial capital goods were some of the other leading sectors. Since the fund had just started its activities nearly half of its corpus was still in liquid form. HDFC was the top holding with Axis Bank , ICICI Bank , Bajaj Auto , SBI and Dr Reddys Labs being some of the other top holdings. The fund was benchmarked to the CNX 100 index. • By the end of November 2012 the fund had the highest exposure to automobiles at over 25 per cent of the portfolio. Banks and consumer non durables were two other sectors that had over 10 percent of the assets invested in them. ICICI Bank was the top individual holding with M&M, L&T, Bajaj Auto, HDFC, Dr Reddys Labs, HUL and TCS being some of the other top holdings.
• There was not much major change as far as the sector positions were concerned at the end of June 2013. Automobiles continued to be at the top though with a 21 per cent share in the portfolio with banks, Pharma, software and consumer non durables being other leading ones.
• Dr Reddy’s Lab with over 8 per cent share was the top individual holding followed by ICICI Bank HDFC, M&M, TCS, Maruti Suzuki , L&T and Tata Motors . The fund was an outperformer over the one year time period as well as since inception.
• Investors can consider this fund as a choice while selecting investments for their portfolio as the fund has begun on the right note and has been able to handle the tough times well.
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