equity market overview - idbi mutual - april 2019-16-april-2019... · equity market overview fiis...

Equity Market Overview

FIIs lift Sensex 2800 pts. +7.80% & Nifty 830 pts. +7.70% in March 2019, inflows largest among 7 emerging market countries.

Foreign Institutional Investors (FIIs) have poured over Rs.22,000 crore in March so far propelling the Indian market to a 6-month high.

US Federal Reserve decided to hold interest rates steady and indicated that no more hikes will be coming this year.

The highest gainers sectors were BSE Reality, Bankex & Consumer Durables at 15.7%, 13.7% & 11.4% respectively. The non performing sectors were BSE Auto, IT, Teck at 0.10%, 0.18% & 0.41%.

CPI-based inflation for the month of February 2019 stood at 2.57% while Industrial Production in January 2019 grew at a two month low of 1.7% dragged by subdued manufacturing activities. Wholesale Price Index stood at 2.93% in February 2019.

India’s trade deficit shrank to a 17-month low in February 2019 on sharp fall in import of oil, gold and electronics. Exports rose 2.44% to US $26.3 billion in January 2019 while a 5.4% contraction in imports led to decline in the trade deficit to US$ 9.6 billion.

Brent crude quoted at US $68.39/bbl and INR closed at Rs.69.43 versus the US dollar as on 29th March 2019.

India conducted “Mission Shakti”, an anti-satellite missile test, from the Dr. A.P.J. Abdul Kalam Island Launch complex, in which Indian scientists successfully targeted and brought down a live satellite on a Low Earth Orbit with an anti-satellite missile (A-SAT) within a matter of just three minutes.

April 2019

Source: Bloomberg

10792.50

11053.00 11301.20

11532.40

11483.25

11623.90

10200.00

10400.00

10600.00

10800.00

11000.00

11200.00

11400.00

11600.00

11800.00

28-Feb 6-Mar 12-Mar 19-Mar 26-Mar 29-Mar

15.7%

5.5%

13.7%

0.2%

0.1%

4.7%

11.3%

10.6%

8.1%

3.4%

0.4%

11.4%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0%

BSE Realty

BSE Bank

BSE IT

BSE Oil & Gas

BSE Cap Goods

BSE FMCG

BSE Consumer Durables

7.70%

7.82%

1.46%

0.85%

5.10%

-0.05%

2.62%

-1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

NIFTY

Sensex

Hang Seng

Nikkei

Shanghai

Dow Jones

Nasdaq

Global Indices

2

Fixed Income OverviewMACRO Economic Data for the month:

As on 28/02/2019

As on 31/03/2019

Change

10 year Gsec 7.41% 7.35% -06 bps

10 year Corp bonds 8.55% 8.15% -40 bps

3 months Tbill 6.40% 6.21% -19 bps

3 month CD 7.30% 7.40% 10 bps

Brent Crude $ 66.03 68.39 2.36

Inflation – CPI 1.97% 2.57% 60 bps

INR = USD 70.75 69.15 -1.60

The major macro events during the month:

Highlights of RBI policy on April 04, 2019:

● The Monetary Policy Committee (MPC) reduced the policy repo rate by 25 bps to 6.00% as against market consensus of status quo.

● The committee, maintained its neutral stance.

● The RBI revised downwards its inflation projection to 2.4% from 2.8% in Q4:2018-19, 2.9-3.0% from 3.2-3.4% in H1:2019-20

and 3.5-3.8% from 3.9% in Q3:2019-20, with risks broadly balanced around the central trajectory.

● GDP growth for 2019-20 revised to 7.2% from 7.4% – in the range of 6.8-7.1% in H1, and 7.3-7.4% in H2 – with risks evenly balanced.

Inflation and IIP:

February CPI inflation hardened to 2.57% YoY ( January: 1.97%) due to rise in food prices. Core inflation moderated to 5.29% ( January 5.35%).

February WPI inflation rises to 2.93% YoY ( January: 2.76%) due to higher food and fuel inflation.

January Industrial production came at 1.7% (December: 2.6%). Manufacturing sector showed growth of 1.3%, Mining grew at 3.9% and Electricity growth was muted at 0.8%.

Trade Deficit:

February trade deficit narrowed significantly to a seventeen month low of USD 9.6 bn ( January 14.7 bn). The sharp reduction in trade deficit was driven by broad decline in imports. Numbers imply FY19 CAD at around 2.2% of GDP.

Chart showing the movement of the 10 year Gsec yield over the past 3 months

7.00

7.10

7.20

7.30

7.40

7.50

7.60

7.70

Jan-2019 Feb-2019 Mar-2019

Chart showing the Currency movement during the past 3 months

66.00

67.00

68.00

69.00

70.00

71.00

72.00

73.00

Jan-2019 Feb-2019 Mar-2019

The content of the articles in Equity Market Overview & Fixed Income Overview represent the opinions of our Fund Management/Research team. Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Information and analysis above are derived from various sources and using methods believed to be reliable, but we do not assume responsibility and liability for any consequence of the investment decision taken by you based on this analysis. Investment decision taken by readers to this article will be at their sole discretion. The purpose of this article is intended to be used as an educational discussion of the issues involved. This is not to be construed as a solicitation to buy or sell securities.Source: Internal Research

3

HOW TO READ FACTSHEET?

Fund Manager:An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription:This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount:This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity:The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

SIP:Systematic Investment Plan (SIP) works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposits. For instance, an investor may opt for an SIP that invest Rs. 500 every 15th of the month in an equity fund for a period of three years.

NAV:The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark:A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year G-Sec.

Entry Load:A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load:Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 per unit.

Modified Duration:Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.

Standard Deviation:Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio:The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta Ratio:Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

AUM:AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings:The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments / securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme:The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile:Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Total Expense Ratio:The Expenses of a mutual fund include management fees and all the fees associated with the fund's daily operations. Expense Ratio refers to the annual percentage of fund's assets that is paid out in expenses.

Average Maturity:The average time of maturity of all the debt securities held in a portfolio. It states the weighted average maturity of the assets in the portfolio.

Portfolio Yield:The income return on an investment. This refers to the interest or dividends received from a security and are usually expressed annually as a percentage based on the investment's cost, its current market value or its face value.

Risk Free Return:The theoretical rate of return attributed to an investment with zero risk. The risk-free rate represents the interest on an investor's money that he or she would expect from an absolutely risk-free investment over a specified period of time.

Tracking Error:The divergence between the price behavior of a position or portfolio and the price behavior of a benchmark.

Portfolio Turnover Ratio:This is a measure of the fund's trading activity, which is computed by taking the lesser of purchases or sales (excluding all securities with maturities of less than one year) and dividing by average monthly net assets.

4

Security Name % to Net Assets*

DEBENTURES 0.01Blue Dart Express Ltd. 0.01EQUITY & EQUITY RELATED 98.85Cholamandalam Investment and Finance Co. Ltd. 7.33Page Industries Ltd. 6.52Pidilite Industries Ltd. 5.46Kotak Mahindra Bank Ltd. 5.38TVS Motor Co. Ltd. 5.29VST Industries Ltd. 4.99Asian Paints Ltd. 4.74MRF Ltd. 4.69Gruh Finance Ltd. 4.56Bata India Ltd. 4.49Eicher Motors Ltd. 4.38Nestle India Ltd. 4.29WABCO India Ltd. 3.99ABB India Ltd. 3.80


Sanofi India Ltd. 3.35Sundaram Finance Ltd. 3.35United Breweries Ltd. 3.12GlaxoSmithKline Consumer Healthcare Ltd. 2.92Colgate Palmolive (India) Ltd. 2.89Thermax Ltd. 2.77Bosch Ltd. 2.34Cummins India Ltd. 2.14CRISIL Ltd. 1.84The Great Eastern Shipping Co. Ltd. 1.81Castrol India Ltd. 1.77Blue Dart Express Ltd. 0.44Sundaram Finance Holdings Ltd. 0.20TREPS 1.25Cash & Cash Receivables -0.11TOTAL 100.00

IDBI Equity Advantage Fund (IEAF)(An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

Portfolio as on 31/03/2019

* Rounded off to the nearest two digits after the decimal point.

Industry Classification (excluding TREPS and Cash & Cash Receivables)

22.95%

17.28%

11.02%

9.67%

6.57%

6.52%

5.46%

5.38%

4.49%

3.35%

2.26%

2.14%

1.77%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Consumer Non Durables

Finance

Auto Ancillaries

Auto

Industrial Capital Goods

Textile Products

Chemicals

Banks

Consumer Durables

Pharmaceuticals

Transportation

Industrial Products

Petroleum Products

Data as on 31st March, 2019, Industry Classification as recommended by AMFI.

Scheme Features

Investment objective:The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction (under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized.

Fund Manager: Total Experience: Over 15 Years

Mrs. Uma Venkatraman (Managing the Scheme since 1st July 2018)

Co-Fund Manager: Total Experience: Over 2 Years

Ms. Ayushi Sethia (Managing the Scheme since 9th October 2018)

Inception Date: 10th September, 2013

Benchmark:S&P BSE 200 Index - Total Return Index (TRI)

NAV as on 29th March 2019 (` per unit):Regular Direct

Growth 26.19 27.92Dividend 18.39 19.84

Monthly Average AUM:` 600.72 Crs.

AUM as on 31st March 2019:` 611.58 Crs.

Expense Ratio as on 31st March 2019:Regular : 2.38% Direct : 0.78%Expense ratio is inclusive of GST on management fees.

Quantitative Measures as on 31st March 2019:Standard Deviation : 3.8416% Beta : 0.8361 Sharpe Ratio : 0.0439 Portfolio Turnover Ratio^^ : 0.17Risk free rate: Overnight MIBOR (8.80% as on 29/03/19). Source: FIMMDA.Ratios calculated on monthly 3 years data point.^^ Lower of Purchase or Sale for one year/average AUM for one year.

Load Structure:Entry Load : Not ApplicableExit Load (for Lumpsum & SIP) : Nil. Investment under the scheme is subject to

a lock-in period of 3 Years.

Dividend History (Face Value: ` 10/- Per Unit)

Record Date Individual / HUF (` Per Unit)

Others (` Per Unit)

Cum Dividend NAV** (in `)

Ex Dividend NAV (in `)

IDBI Equity Advantage Fund - Dividend (Regular Plan)19th March, 2018 1.6000 1.6000 19.48 17.9725th September, 2017 1.5000 1.5000 20.34 18.8226th September, 2016 1.0000 1.0000 19.30 18.36

IDBI Equity Advantage Fund - Dividend (Direct Plan)19th March, 2018 1.6000 1.6000 20.55 19.0525th September, 2017 1.5000 0.0000 21.21 19.6826th September, 2016 1.0000 0.0000 19.78 18.84Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.

Product LabelThis product is suitable for investors who are seeking*: Riskometerl Long term capital growthl An Equity Linked Savings Scheme (ELSS) investing

in equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction (under section 80C of the Income-tax Act, 1961) on their investments, subject to a statutory lock-in of three years Investors understand that their principal will be at

Moderately High risk

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

5


EQUITY & EQUITY RELATED 92.60Reliance Industries Ltd. 7.80HDFC Bank Ltd. 7.67Housing Development Finance Corpn Ltd. 4.41ICICI Bank Ltd. 3.85Larsen & Toubro Ltd. 3.72Infosys Ltd. 3.56Titan Co.Ltd. 3.53Kotak Mahindra Bank Ltd. 3.42Procter & Gamble Hygiene and Health Care Ltd. 3.27Bajaj Finance Ltd. 3.16ITC Ltd. 2.97State Bank of India 2.80IndusInd Bank Ltd. 2.67Britannia Industries Ltd. 2.48Maruti Suzuki India Ltd. 2.40Bajaj Finserv Ltd. 2.37Asian Paints Ltd. 2.36Pidilite Industries Ltd. 2.29Petronet LNG Ltd. 2.25Shree Cement Ltd. 2.25Eicher Motors Ltd. 1.79


Cummins India Ltd. 1.78Bosch Ltd. 1.57ICICI Prudential Life Insurance Co. Ltd. 1.53Dabur India Ltd. 1.48Container Corporation of India Ltd. 1.37Godrej Consumer Products Ltd. 1.37MRF Ltd. 1.34Hindustan Unilever Ltd. 1.31Yes Bank Ltd. 1.27Crompton Greaves Consumer Electricals Ltd. 1.17Schaeffler India Ltd. 1.14Divi's Laboratories Ltd. 1.09Abbott India Ltd. 1.03Motherson Sumi Systems Ltd. 1.03TATA Consultancy Services Ltd. 1.03ABB India Ltd. 0.85UPL Ltd. 0.74NMDC Ltd. 0.48TREPS 7.70Cash & Cash Receivables -0.30TOTAL 100.00

IDBI India Top 100 Equity Fund (IIT100EF)(Large Cap Fund - An open-ended equity scheme predominantly investing in large cap stocks)



Industry Classification (for equity & equity related)

21.68%

15.24%

11.47%

7.80%

4.70%

4.59%

4.19%

3.94%

3.72%

2.92%

2.29%

2.25%

2.25%

2.12%

1.37%

0.85%

0.74%

0.48%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Banks


Finance

Petroleum Products

Consumer Durables

Software

Auto

Auto Ancillaries

Construction Project

Industrial Products

Chemicals

Cement

Gas

Pharmaceuticals

Transportation


Pesticides

Minerals/Mining

Data as on 31st March, 2019, Industry Classification as recommended by AMFI.Disclaimer of IISL: The IDBI India Top 100 Equity Fund offered by IDBI Mutual Fund or its affiliates is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of IDBI India Top 100 Equity Fund or any member of the public regarding the advisability of investing in securities generally or in the IDBI India Top 100 Equity Fund linked to Nifty 100 Index or particularly in the ability of the Nifty 100 Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty100 Index in the Scheme Information Document.

Scheme Features

Investment objective:The Investment objective of the Scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related Instruments of Large Cap companies. However there can be no assurance that the investment objective under the Scheme will be realized.

Fund Manager: Total Experience: Over 15 YearsMrs. Uma Venkatraman (Managing the Scheme since 5th September 2017)

Inception Date: 15th May, 2012

Benchmark:Nifty 100 Index - Total Return Index (TRI)


Growth 23.86 25.48Dividend 17.15 18.51





Load Structure:Entry Load : Not ApplicableExit Load : for Lumpsum - 1% for exit (Redemption Switch-out/Transfer/SWP) within 12 months

from the date of allotment. for SIP - 1% for exit (Redemption/Switch-out/Transfer/SWP) within 12

months from the date of allotment of each installment.



Others (` Per Unit)



IDBI India Top 100 Equity Fund - Dividend (Regular Plan)19th March, 2018 1.5000 1.5000 17.79 16.3331st May, 2017 1.0000 1.0000 19.15 18.1630th May, 2016 1.0000 1.0000 16.67 15.69

IDBI India Top 100 Equity Fund - Dividend (Direct Plan)19th March, 2018 1.5000 1.5000 18.76 17.3031st May, 2017 1.0000 1.0000 19.86 18.8630th May, 2016 1.0000 1.0000 17.04 16.06Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.

Product LabelThis product is suitable for investors who are seeking*: Riskometer

l Long term capital growthl Investments predominantly in large cap equity and

equity related instruments

Investors understand that their principal will be at Moderately High risk


6


EQUITY & EQUITY RELATED 82.31PVR Ltd. 4.95Hindustan Unilever Ltd. 4.92HDFC Bank Ltd. 4.67Shree Cement Ltd. 3.38Eicher Motors Ltd. 3.23Britannia Industries Ltd. 2.98Gillette India Ltd. 2.90Petronet LNG Ltd. 2.70Mahindra & Mahindra Ltd. 2.51Kotak Mahindra Bank Ltd. 2.47Bajaj Finance Ltd. 2.33Pidilite Industries Ltd. 2.32WABCO India Ltd. 2.29Phillips Carbon Black Ltd. 2.27Abbott India Ltd. 2.22Procter & Gamble Hygiene and Health Care Ltd. 2.05VST Industries Ltd. 2.04Bharat Forge Ltd. 1.93Bosch Ltd. 1.87The Great Eastern Shipping Co. Ltd. 1.77MRF Ltd. 1.73SKF India Ltd. 1.66General Insurance Corpn. of India 1.60


State Bank of India 1.60Titan Co. Ltd. 1.56IndusInd Bank Ltd. 1.50Grindwell Norton Ltd. 1.47Thermax Ltd. 1.37ABB India Ltd. 1.34ITC Ltd. 1.31Goodyear India Ltd. 1.30Sundaram Finance Ltd. 1.23Camlin Fine Sciences Ltd. 1.21Kansai Nerolac Paints Ltd. 1.10Jubilant Life Sciences Ltd. 0.96TATA Steel Ltd. 0.86Schaeffler India Ltd. 0.79Cholamandalam Investment and Finance Co. Ltd. 0.76GNA Axles Ltd. 0.72BASF India Ltd. 0.68IG Petrochemicals Ltd. 0.63Indian Energy Exchange Ltd. 0.63Cummins India Ltd. 0.43Sundaram Finance Holdings Ltd. 0.07TREPS 17.91Cash & Cash Receivables -0.22TOTAL 100.00

IDBI Diversified Equity Fund (IDEF)(Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks)

Portfolio as on 31/03/2019Scheme Features

Investment objective:The Investment objective of the Scheme is to provide investors with the opportunities for long-term capital appreciation by investing in a diversified portfolio of Equity and Equity related Instruments across market capitalization. However there can be no assurance that the investment objective under the Scheme will be realized.

Fund Manager: Total Experience: Over 13 YearsMr. Ashish Mishra (Managing the Scheme since 5th September 2017)

Inception Date: 28th March, 2014

Benchmark:S&P BSE 500 Index - Total Return Index (TRI)


Growth 20.83 22.19Dividend 15.72 16.89





Load Structure:Entry Load : Not ApplicableExit Load : For Lumpsum - 1% for exit (Redemption/Switch-out/Transfer/SWP) within

12 months from the date of allotment. For SIP - 1% for exit (Redemption/Switch-out/Transfer/SWP) within

12 months from the date of allotment of each installment.



Others (` Per Unit)



IDBI Diversified Equity Fund - Dividend (Regular Plan)19th March, 2018 1.4000 1.4000 16.79 15.3725th September, 2017 1.2000 1.2000 17.21 16.0426th September, 2016 1.0000 1.0000 16.98 16.01

IDBI Diversified Equity Fund - Dividend (Direct Plan)19th March, 2018 1.4000 1.4000 17.61 16.2025th September, 2017 1.2000 0.0000 17.81 16.6526th September, 2016 1.0000 0.0000 17.25 16.27

Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.

Product LabelThis product is suitable for investors who are seeking*: Riskometerl Long term capital appreciationl Investments in a diversified portfolio consisting of

equity & equity related instruments across market capitalization




Industry Classification (excluding TREPS and Cash & Cash Receivables)

17.30%

10.24%

7.91%

7.11%

6.62%

6.28%

5.74%

4.95%

3.38%

3.18%

2.71%

2.70%

1.77%

1.56%

0.86%

0.00% 4.00% 8.00% 12.00% 16.00% 20.00%


Banks

Auto Ancillaries

Chemicals

Finance

Industrial Products

Auto

Media & Entertainment

Cement

Pharmaceuticals


Gas

Transportation

Consumer Durables

Ferrous Metals


7


EQUITY & EQUITY RELATED 99.87HDFC Bank Ltd. 10.64Reliance Industries Ltd. 9.95Housing Development Finance Corpn. Ltd. 6.92Infosys Ltd. 6.03ICICI Bank Ltd. 5.50ITC Ltd. 5.44TATA Consultancy Services Ltd. 4.48Kotak Mahindra Bank Ltd. 3.80Larsen & Toubro Ltd. 3.65Axis Bank Ltd. 3.23Hindustan Unilever Ltd. 2.60State Bank of India 2.58IndusInd Bank Ltd. 1.95Maruti Suzuki India Ltd. 1.90Bajaj Finance Ltd. 1.54Asian Paints Ltd. 1.44Mahindra & Mahindra Ltd. 1.35HCL Technologies Ltd. 1.26NTPC Ltd. 1.17Sun Pharmaceutical Industries Ltd. 1.13Yes Bank Ltd. 1.09Tech Mahindra Ltd. 1.04Oil & Natural Gas Corpn. Ltd. 1.03Titan Co. Ltd. 1.02Power Grid Corpn. of India Ltd. 0.98Bharti Airtel Ltd. 0.94


Bajaj Finserv Ltd. 0.91Ultratech Cement Ltd. 0.89Bajaj Auto Ltd. 0.85Coal India Ltd. 0.85TATA Steel Ltd. 0.84Wipro Ltd. 0.83Indian Oil Corpn. Ltd. 0.82Britannia Industries Ltd. 0.77UPL Ltd. 0.75Grasim Industries Ltd. 0.73Dr. Reddy's Laboratories Ltd. 0.72Vedanta Ltd. 0.72Hero MotoCorp Ltd. 0.71TATA Motors Ltd. 0.68GAIL (India) Ltd. 0.67Bharat Petroleum Corpn. Ltd. 0.66Adani Ports and Special Economic Zone Ltd. 0.64Hindalco Industries Ltd. 0.64JSW Steel Ltd. 0.64Eicher Motors Ltd. 0.61Indiabulls Housing Finance Ltd. 0.61Bharti Infratel Ltd. 0.57Cipla Ltd. 0.57Zee Entertainment Enterprises Ltd. 0.53TREPS 0.19Cash & Cash Receivables -0.06TOTAL 100.00

IDBI Nifty Index Fund (INIF)(An open-ended scheme replicating/ tracking the Nifty 50 Index [Total Returns Index])


Investment objective:The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty 50 Index (Total Returns Index) and the Scheme.


Mr. Firdaus Marazban Ragina (Managing the Scheme since 9th October 2018)

Inception Date: 25th June, 2010



Growth 21.4005 22.5708Dividend 20.4080 21.5276




Quantitative Measures as on 31st March 2019:Portfolio Turnover Ratio^^ : 0.17 Tracking Error : 0.1030%Annualised tracking error for last 12 month's period.^^ Lower of Purchase or Sale for one year/average AUM for one year.

Load Structure:Entry Load : Not ApplicableExit Load (for Lumpsum & SIP) : Nil



Others (` Per Unit)



IDBI Nifty Index Fund - Dividend (Regular Plan)14th October, 2010 0.4000 0.4000 11.5740 10.962831st August, 2010 0.1200 0.0000 10.2883 10.2886Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.


l Long Term growth in a passively managed scheme tracking Nifty 50 Index (TRI)l Investments only in and all stocks comprising Nifty 50 Index in the same weight of these stocks as in

Index with objective to replicate performance of Nifty 50 Index (TRI)

Investors understand that their principal will be at Moderately High risk*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.



28.79%

13.64%

11.43%

10.25%

9.98%

6.10%

3.65%

2.42%

2.15%

1.62%

1.48%

1.36%

1.03%

1.02%

0.94%

0.85%

0.75%

0.67%

0.64%

0.57%

0.53%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00%

Banks

Software

Petroleum Products


Finance

Auto


Pharmaceuticals

Power

Cement

Ferrous Metals

Non - Ferrous Metals

Oil

Consumer Durables

Telecom - Services

Minerals/Mining

Pesticides

Gas

Transportation

Telecom - Equipment & Accessories



8

Security Name % To Net Assets*

EQUITY & EQUITY RELATED 99.35Godrej Consumer Products Ltd. 3.68Piramal Enterprises Ltd. 3.54Dabur India Ltd. 3.27Shree Cement Ltd. 3.22Aurobindo Pharma Ltd. 3.12Divi's Laboratories Ltd. 3.05Hindustan Petroleum Corpn. Ltd. 2.98Havells India Ltd. 2.74Pidilite Industries Ltd. 2.69Petronet LNG Ltd. 2.67Bajaj Holdings & Investment Ltd. 2.65Shriram Transport Finance Co. Ltd. 2.63HDFC Life Insurance Co. Ltd. 2.59Motherson Sumi Systems Ltd. 2.54Marico Ltd. 2.53Lupin Ltd. 2.51Ambuja Cements Ltd. 2.45Colgate Palmolive (India) Ltd. 2.38United Spirits Ltd. 2.34ICICI Lombard General Insurance Co. Ltd. 2.33Bosch Ltd. 2.28Avenue Supermarts Ltd. 2.21United Breweries Ltd. 2.18Container Corpn. of India Ltd. 2.04Page Industries Ltd. 2.03ACC Ltd. 2.00


Interglobe Aviation Ltd. 1.94Biocon Ltd. 1.87Ashok Leyland Ltd. 1.86Bank of Baroda 1.74MRF Ltd. 1.72Vodafone Idea Ltd. 1.58ICICI Prudential Life Insurance Co. Ltd. 1.50Procter & Gamble Hygiene and Health Care Ltd. 1.45Siemens Ltd. 1.42Bharat Heavy Electricals Ltd. 1.37L&T Finance Holdings Ltd. 1.34SBI Life Insurance Co. Ltd. 1.32DLF Ltd. 1.28NMDC Ltd. 1.27Cadila Healthcare Ltd. 1.26Oracle Financial Services Software Ltd. 1.07ABB India Ltd. 0.99Hindustan Zinc Ltd. 0.99Bandhan Bank Ltd. 0.89General Insurance Corpn. of India 0.84Steel Authority of India Ltd. 0.79HDFC Asset Management Co. Ltd. 0.77NHPC Ltd. 0.77The New India Assurance Co. Ltd. 0.67TREPS 3.00Cash & Cash Receivables -2.35TOTAL 100.00

IDBI Nifty Junior Index Fund (INJIF)(An open-ended scheme replicating/ tracking the Nifty Next 50 Index [Total Returns Index])


Investment objective:The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty Next 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty Next 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty Next 50 Index (Total Returns Index) and the Scheme.


Mr. Firdaus Marazban Ragina (Managing the Scheme since 9th October 2018)

Inception Date: 20th September, 2010

Benchmark:Nifty Next 50 Index - Total Return Index (TRI)


Growth 21.3387 22.5522Dividend 21.3387 22.5522




Quantitative Measures as on 31st March 2019:Portfolio Turnover Ratio^^ : 0.46 Tracking Error : 0.5204%Annualised tracking error for last 12 month's period.^^ Lower of Purchase or Sale for one year/average AUM for one year.



l Long Term growth in a passively managed scheme tracking Nifty Next 50 Index (TRI)l Investments only in and all stocks comprising Nifty Next 50 Index in the same weight of these stocks as

in Index with objective to replicate performance of Nifty Next 50 Index (TRI)




17.83%16.64%

15.35%7.67%

6.54%3.98%

3.78%2.98%

2.74%2.69%2.67%2.63%

2.21%2.03%1.86%

1.58%1.28%1.27%

1.07%0.99%

0.79%0.77%

0.00% 4.00% 8.00% 12.00% 16.00% 20.00%

Consumer Non DurablesFinance

PharmaceuticalsCement

Auto AncillariesTransportation

Industrial Capital GoodsPetroleum ProductsConsumer Durables

ChemicalsGas

BanksRetailing

Textile ProductsAuto

Telecom - ServicesConstruction

Minerals/MiningSoftware

Non - Ferrous MetalsFerrous Metals

Power


9


EQUITY & EQUITY RELATED 90.21RBL Bank Ltd. 5.65Trent Ltd. 3.86AIA Engineering Ltd. 3.63Info Edge (India) Ltd. 3.60Shriram Transport Finance Co. Ltd. 3.36Supreme Industries Ltd. 3.36Indraprastha Gas Ltd. 3.33Jubilant Life Sciences Ltd. 2.99Sterlite Technologies Ltd. 2.99Endurance Technologies Ltd. 2.93The Federal Bank Ltd. 2.80Crompton Greaves Consumer Electricals Ltd. 2.78Gujarat State Petronet Ltd. 2.75Procter & Gamble Hygiene and Health Care Ltd. 2.70Gillette India Ltd. 2.67Minda Industries Ltd. 2.58Yes Bank Ltd. 2.42CESC Ltd. 2.22Amara Raja Batteries Ltd. 2.16Escorts Ltd. 2.14The Ramco Cements Ltd. 1.97General Insurance Corpn of India 1.87Finolex Cables Ltd. 1.84PI Industries Ltd. 1.81Castrol India Ltd. 1.67


Motherson Sumi Systems Ltd. 1.63Odisha Cement Ltd. 1.62CCL Products (India) Ltd. 1.55National Aluminium Co. Ltd. 1.40HDFC Bank Ltd. 1.36Sanofi India Ltd. 1.28UPL Ltd. 1.28Gujarat Gas Ltd. 1.10Cadila Healthcare Ltd. 1.08Bosch Ltd. 1.05Hindustan Unilever Ltd. 0.89Cholamandalam Investment and Finance Co. Ltd. 0.78ACC Ltd. 0.75Glenmark Pharmaceuticals Ltd. 0.68TATA Elxsi Ltd. 0.67Apollo Tyres Ltd. 0.65Aurobindo Pharma Ltd. 0.60Bharat Financial Inclusion Ltd. 0.51Emami Ltd. 0.40CESC Ventures Ltd. 0.38Spencer's Retail Ltd. 0.29Housing and Urban Development Corpn. Ltd. 0.18TREPS 9.26Cash & Cash Receivables 0.53TOTAL 100.00

IDBI Midcap Fund (IMF)(Mid Cap Fund - An open-ended equity scheme predominantly investing in mid cap stocks.)

Scheme Features

Investment objective:The objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.


Inception Date: 25th January 2017

Benchmark:Nifty Midcap 100 - Total Return Index (TRI)


Growth 10.86 11.44Dividend 10.19 10.76




Quantitative Measures as on 31st March 2019:Portfolio Turnover Ratio^^ : 0.52^^ Lower of Purchase or Sale for one year/average AUM for one year.

Load Structure:Entry Load : Not ApplicableExit Load : 1% for exit within 12 months from the date of allotment.



Others (` Per Unit)



IDBI Midcap Fund - Dividend (Regular Plan)19th March 2018 0.7000 0.7000 11.3800 10.6500IDBI Midcap Fund - Dividend (Direct Plan)19th March 2018 0.7000 0.7000 11.7400 11.0200Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.


l Long term capital growthl Investment predominantly in equity & equity related instruments of Midcap companies





12.23%

11.00%

8.83%

8.21%

7.18%

6.70%

6.63%

4.65%

4.15%

3.09%

2.99%

2.78%

2.72%

2.22%

2.14%

1.67%

1.62%

1.40%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%

Banks

Auto Ancillaries

Industrial Products


Gas

Finance

Pharmaceuticals

Software

Retailing

Pesticides


Consumer Durables

Cement

Power

Auto

Petroleum Products

Services



10


EQUITY & EQUITY RELATED 91.08Elantas Beck India Ltd. 3.82KEI Industries Ltd. 3.223M India Ltd. 3.18ISGEC Heavy Engineering Ltd. 3.06Transport Corpn. of India Ltd. 3.03Grindwell Norton Ltd. 2.82AIA Engineering Ltd. 2.79General Insurance Corpn. of India 2.73Voltas Ltd. 2.72Cera Sanitaryware Ltd. 2.63Ahluwalia Contracts (India) Ltd. 2.59Mahindra Logistics Ltd. 2.58NCC Ltd. 2.49NRB Bearings Ltd. 2.42Indian Energy Exchange Ltd. 2.41Star Cement Ltd. 2.38Honeywell Automation India Ltd. 2.35Goodyear India Ltd. 2.32Cholamandalam Investment and Finance Co. Ltd. 2.29Hatsun Agro Product Ltd. 2.25Mold-Tek Packaging Ltd. 2.15Timken India Ltd. 2.12Muthoot Capital Services Ltd. 2.06Garware Technical Fibres Ltd. 2.04


City Union Bank Ltd. 2.03Ingersoll Rand (India) Ltd. 2.03V-Mart Retail Ltd. 1.95Camlin Fine Sciences Ltd. 1.83GNA Axles Ltd. 1.76Kansai Nerolac Paints Ltd. 1.74MM Forgings Ltd. 1.66Ineos Styrolution India Ltd. 1.61Aegis Logistics Ltd. 1.56HeidelbergCement India Ltd. 1.50V.S.T Tillers Tractors Ltd. 1.37Dishman Carbogen Amcis Ltd. 1.33Mahindra & Mahindra Financial Services Ltd. 1.23Lakshmi Machine Works Ltd. 1.06WABCO India Ltd. 1.05Central Depository Services (I) Ltd. 1.00Sobha Ltd. 0.94Carborundum Universal Ltd. 0.78Cyient Ltd. 0.61Sundaram Clayton Ltd. 0.58Rajapalayam Mills Ltd. 0.56KEC International Ltd. 0.45TREPS 9.07Cash & Cash Receivables -0.15TOTAL 100.00

IDBI Small Cap Fund (ISF)(Small Cap Fund - An open-ended equity scheme predominantly investing in small cap stocks)

Scheme Features

Investment objective:The Investment objective of the Scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small Cap companies. However there can be no assurance that the investment objective under the Scheme will be realized.


Mrs. Uma Venkatraman (Managing the Scheme since 5th September 2017)

Inception Date: 21st June 2017

Benchmark:Nifty Smallcap 250 Index - Total Return Index (TRI)


Growth 9.62 10.07Dividend 9.62 10.07





Load Structure:Entry Load : Not ApplicableExit Load : 1% for exit within 12 months from the date of allotment.



28.48%

11.72%

6.16%

5.71%

5.61%

3.99%

3.88%

3.41%

3.18%

2.94%

2.72%

2.60%

2.03%

1.95%

1.83%

1.56%

1.37%

1.33%

0.61%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00%

Industrial Products

Finance

Construction

Auto Ancillaries

Transportation


Cement


Commercial Services


Consumer Durables

Textile Products

Banks

Retailing

Chemicals

Gas

Auto

Pharmaceuticals

Software



l Long term capital growthl Investment predominantly in equity & equity related instruments of Small Cap companies



11

IDBI Focused 30 Equity Fund (IF30EF)(An open-ended equity scheme investing in maximum 30 stocks (predominantly large cap))

Scheme Features

Investment objective:The investment objective of the Scheme is to provide long term capital appreciation by investing in concentrated portfolio of large cap focused equity and equity related instruments of up to 30 companies and balance in debt and money market Instruments. However there can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Total Experience: Over 13 YearsMr. Ashish Mishra (Managing the Scheme since 1st July 2018)

Inception Date: 17th November, 2017



Growth 9.89 10.24Dividend 9.89 10.24





Load Structure:Entry Load : Not ApplicableExit Load : 1% for exit (repurchase/switch out/transfer/SWP within 12

months from the date of allotment.



14.37%

10.93%

10.74%

10.42%

6.06%

5.89%

4.71%

4.69%

4.11%

3.99%

3.99%

2.86%

1.63%

0.49%

0.00% 4.00% 8.00% 12.00% 16.00%


Auto

Finance

Banks

Cement

Auto Ancillaries

Petroleum Products

Ferrous Metals

Software


Industrial Products

Pharmaceuticals

Gas




l Long term capital growthl Investment predominantly in large cap focused equity & equity related instruments of upto 30 companies

and balance in debt & money market instruments


Portfolio as on 31/03/2019Security Name % To Net

Assets*EQUITY & EQUITY RELATED 84.88ITC Ltd. 7.42HDFC Bank Ltd. 6.75Motherson Sumi Systems Ltd. 5.89Maruti Suzuki India Ltd. 4.95TATA Steel Ltd. 4.69Hindustan Petroleum Corpn. Ltd. 4.09Larsen & Toubro Ltd. 3.99Shree Cement Ltd. 3.76Bajaj Finserv Ltd. 3.36Asian Paints Ltd. 3.25Bharat Forge Ltd. 3.20TATA Motors Ltd. 3.14Housing Development Finance Corpn. Ltd. 3.00ICICI Prudential Life Insurance Co. Ltd. 2.99Cipla Ltd. 2.86


Mahindra & Mahindra Ltd. 2.84GlaxoSmithKline Consumer Healthcare Ltd. 2.61Yes Bank Ltd. 2.50Grasim Industries Ltd. 2.30TATA Consultancy Services Ltd. 2.12Infosys Ltd. 1.99GAIL (India) Ltd. 1.63Indiabulls Housing Finance Ltd. 1.39Kotak Mahindra Bank Ltd. 1.17Hindustan Unilever Ltd. 1.09ISGEC Heavy Engineering Ltd. 0.79Reliance Industries Ltd. 0.62Honda Siel Power Products Ltd. 0.49TREPS 15.43Cash & Cash Receivables -0.31TOTAL 100.00

12

IDBI Banking & Financial Services Fund (IB&FSF)(An open ended equity scheme investing in Banking & Financial Services Sector)



53.22%

35.53%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00%

Banks

Finance

60.00%


Scheme Features

Investment objective:The objective of the scheme is to provide investors maximum growth opportunities and to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Banking and Financial Services Sector. However there can be no assurance that the investment objective under the scheme will be realized.


Mrs. Uma Venkatraman (Managing the Scheme since inception)



Inception Date: 4th June 2018

Benchmark:NIFTY Financial Services - Total Return Index (TRI)


Growth 10.61 10.83Dividend 10.61 10.83

Monthly Average AUM: ` 168.67 Crs.





Portfolio as on 31/03/2019Issuer Name % To Net Assets*EQUITY & EQUITY RELATED 88.75HDFC Bank Ltd. 14.07Kotak Mahindra Bank Ltd. 10.05Housing Development Finance Corpn. Ltd. 9.12IndusInd Bank Ltd. 6.39ICICI Bank Ltd. 6.38State Bank of India 5.20Bajaj Finance Ltd. 4.38Yes Bank Ltd. 4.34Muthoot Capital Services Ltd. 3.80Cholamandalam Investment and Finance Co. Ltd. 3.76City Union Bank Ltd. 3.44Bandhan Bank Ltd. 3.35Bajaj Finserv Ltd. 3.02ICICI Prudential Life Insurance Co. Ltd. 2.77Indian Energy Exchange Ltd. 1.91Gruh Finance Ltd. 1.85Mahindra & Mahindra Financial Services Ltd. 1.71Central Depository Services (I) Ltd. 1.63Aditya Birla Capital Ltd. 1.58TREPS 11.92Cash & Cash Receivables -0.67TOTAL 100.00


l Long term capital growthl Investment predominantly in equity and equity related instruments of companies engaged in Banking &

Financial Services Sector

Investors understand that their principal will be at High risk*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

13

IDBI Long Term Value Fund (ILTVF)(An open ended equity scheme following value investment strategy)



7.07%

6.55%

4.78%

4.62%

4.14%

3.64%

3.01%

2.99%

2.88%

2.86%

2.84%

2.81%

2.28%

2.27%

1.72%

1.63%

1.14%

0.96%

0.94%

0.89%

0.00% 2.00% 4.00% 6.00% 8.00%

Petroleum Products

Banks

Auto

Finance


Gas

Transportation

Minerals/Mining

Software

Pharmaceuticals

Power

Auto Ancillaries

Cement



Consumer Durables

Paper


Construction

Healthcare Services


Scheme Features

Investment objective:The objective of the scheme is to generate long-term capital appreciation along with regular income by investing predominantly in equity and equity related instruments by following value investing strategy. However, there can be no assurance that the investment objective of the Scheme will be realized.





Inception Date: 20th August 2018

Benchmark:S&P BSE 500 Index - Total Returns Index (TRI)


Growth 10.44 10.59Dividend 10.44 10.59







l Long term capital growthl Investment in equity and equity related instruments by following value investment strategy


Portfolio as on 31/03/2019Security Name % To Net

Assets*EQUITY & EQUITY RELATED 60.02Reliance Industries Ltd. 5.78HDFC Bank Ltd. 4.22Housing Development Finance Corpn. Ltd. 3.58NTPC Ltd. 2.84MRF Ltd. 2.81Mahindra & Mahindra Ltd. 2.65State Bank of India 2.33Ambuja Cements Ltd. 2.28GAIL (India) Ltd. 2.27ITC Ltd. 2.16Maruti Suzuki India Ltd. 2.13Pfizer Ltd. 2.02TATA Global Beverages Ltd. 1.98Adani Ports and Special Economic Zone Ltd. 1.83Infosys Ltd. 1.80Coal India Ltd. 1.72Sterlite Technologies Ltd. 1.72


Blue Star Ltd. 1.63Lakshmi Machine Works Ltd. 1.45Petronet LNG Ltd. 1.37Hindustan Petroleum Corpn. Ltd. 1.29NMDC Ltd. 1.27Redington (India) Ltd. 1.18Tamil Nadu Newsprint & Papers Ltd. 1.14L&T Technology Services Ltd. 1.08Bajaj Holdings & Investment Ltd. 1.04KEC International Ltd. 0.96Sobha Ltd. 0.94Apollo Hospitals Enterprise Ltd. 0.89Cadila Healthcare Ltd. 0.84Bharat Heavy Electricals Ltd. 0.82TREPS 40.18Cash & Cash Receivables -0.20TOTAL 100.00

14

IDBI Dividend Yield Fund (IDYF)(An open ended equity scheme predominantly investing in dividend yielding stocks)



4.68%

4.09%

1.54%

1.50%

1.33%

1.32%

1.19%

1.04%

1.04%

1.01%

0.77%

0.46%

0.02%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00%

Software

Pharmaceuticals


Gas

Industrial Products

Auto

Finance

Cement

Pesticides


Healthcare Services

Consumer Durables

Chemicals


Scheme Features

Investment objective:The Investment objective of the Scheme is to provide long term capital appreciation and/or dividend distribution by investing predominantly in dividend yielding equity and equity related instruments. However there can be no assurance that the investment objective under the scheme will be realized.


Mr. Ashish Mishra (Managing the Scheme since inception)

Inception Date: 21st December 2018

Benchmark:Nifty Dividend Opportunities 50 - Total Return Index (TRI)


Growth 10.17 10.22Dividend 10.17 10.22




Load Structure:Entry Load : Not ApplicableExit Load : Nil, If units of the Scheme are redeemed or switched out up to

10% of the units (the limit) within 12 months from the date of allotment

1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment

Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment - Nil.

Portfolio as on 31/03/2019Issuer Name % To Net Assets*EQUITY & EQUITY RELATED 19.99Infosys Ltd. 2.37IPCA Laboratories Ltd. 2.15Maruti Suzuki India Ltd. 1.32L&T Technology Services Ltd. 1.31Bajaj Holdings & Investment Ltd. 1.19AIA Engineering Ltd. 1.14ACC Ltd. 1.04UPL Ltd. 1.04Aurobindo Pharma Ltd. 1.03Indraprastha Gas Ltd. 1.03PVR Ltd. 1.01Larsen & Toubro Infotech Ltd. 1.00Abbott India Ltd. 0.91Colgate Palmolive (India) Ltd. 0.86Dr. Lal Path labs Ltd. 0.77Asian Paints Ltd. 0.68Mahanagar Gas Ltd. 0.47Relaxo Footwears Ltd. 0.46Carborundum Universal Ltd. 0.19Atul Ltd. 0.02TREPS 87.51Cash & Cash Receivables -7.5TOTAL 100.00


l Long term capital growthl Investment in predominantly in dividend yielding equity and equity related instruments


15

IDBI Healthcare Fund (IHF)(An open-ended equity scheme investing in Healthcare and Allied sectors)



0.00% 4.00% 8.00% 14.00% 16.00%

17.92%Pharmaceuticals

20.00%

2.73%Healthcare Services


Scheme Features

Investment objective:The objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Healthcare and Allied sectors. However there can be no assurance that the investment objective under the Scheme will be realized.



Inception Date: 28th February 2019

Benchmark:S&P BSE Healthcare - Total Return Index (TRI)


Growth 10.07 10.09Dividend 10.07 10.09




Load Structure:Entry Load : Not ApplicableExit Load : 1% for exit within 12 months from the date of allotment. Nil after 12 months

Portfolio as on 31/03/2019Issuer Name % To Net Assets*EQUITY & EQUITY RELATED 20.65Sun Pharmaceutical Industries Ltd. 4.39Sanofi India Ltd. 3.25Cipla Ltd. 2.94Abbott India Ltd. 2.93Apollo Hospitals Enterprise Ltd. 2.73Pfizer Ltd. 1.85Natco Pharma Ltd. 1.59Alkem Laboratories Ltd. 0.97TREPS 74.24Cash & Cash Receivables 5.11TOTAL 100.00


l Long term capital appreciationl Investment predominantly in equity and equity related instruments of companies engaged in Healthcare

& Allied Sectors

Investors understand that their principal will be at High risk*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Snapshot of IDBI Mutual Fund SchemesIEAF IIT100EF IB&FSF ISF ILTVF IHF INIF INJIF IHEF IESF ILQF IDBF IGF IUSTF ISTBF ICRF IDEF IMF IF30EF IDYF IGFOF IDBIGOLD

Benchmark S&P BSE 200 Index - (TRI)

Nifty 100 Index - (TRI)

Nifty Financial Services - (TRI)

Nifty Smallcap 250 Index - (TRI)

S&P BSE 500- Index (TRI)

S&P BSE Healthcare - (TRI)

Nifty 50 Index - (TRI)

Nifty Next 50 Index - (TRI)

CRISIL Hybrid 35+65-Aggressive Index

40% of CRISIL Liquid Fund Index + 30% CRISIL Short term Bond Fund Index + 30% of Nifty 50 Index - (TRI)

CRISIL Liquid Fund Index

CRISIL Composite Bond Fund Index

CRISIL Dynamic Gilt Index

CRISIL Liquid Fund Index

CRISIL Short Term Bond Fund Index

CRISIL Short Term Bond Fund Index

S&P BSE 500 Index (TRI)

Nifty Midcap 100 - (TRI)

Nifty 100 Index (TRI)

Nifty Dividend Opportunities 50 - (TRI)

Domestic price of Gold

Domestic price of Physical Gold

Fund Manager Mrs. Uma Venkatraman Mr. Firdaus Marazban Ragina

Mrs. Uma Venkatraman (Equity portion)Mr. Raju Sharma (Debt portion) Mr. Raju Sharma Mr. Bhupesh Kalyani Mr. Ashish Mishra

Minimum / Maximum Application Amount

Minimum Application Amount (Lumpsum) Maximum Application Amount (Lumpsum)New Purchase – Rs. 5000/- and in multiples of Re. 1/- thereafterFor IEAF – Rs. 500/- and in multiples of Rs. 500/- thereafter

New & Additional Purchase: No limit

For IDBI Gold : Authorized participants & Large investors - In creation unit lot of 1000 units and multiples of 1000 units thereof or in equivalent amount in cash.

Minimum Additional Investment

Rs. 1000/- and in multiples of Re. 1/- thereafterFor IEAF – Rs. 500/- and in multiples of Rs. 500/- thereafter -

SIP • Rs. 500 per month for a minimum period of 12 months.

NA• Rs. 1000 per month for a minimum period of 6 months.• Rs. 1500 per quarter for a minimum period of 4 quarters.• Only for IUSTF: Rs. 500 per day for a minimum of 30 installments continuously for all business days.Investments above minimum amount mentioned shall be made in multiples of Re.1/- for all SIP, except for IEAF it shall be made in multiples of Rs. 500/-. In case of SIP transactions, statutory lock-in period of 3 years is applicable to every installment made to IEAF.

SWP & STP Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment. SWP/STP from IEAF to any other Schemes of IDBI Mutual Fund is available only after completion of lock-in period of 3 years.STP:Sub-options for STP Eligible dates for effect Minimum amount per transfer*Daily (only offered under ILIQF, IUSTF and ISTBF) All Business days Rs. 200/-Weekly 1st Business day of the week Rs. 1,000/-Monthly 1st, 5th, 10th, 15th, 20th and 25th of the month Rs. 1,000/-Quarterly 1st, 5th, 10th, 15th, 20th and 25th of the each quarter Rs. 2,500/-

Daily STP amount per transfer Minimum term / duration applicableRs. 200/- to less than Rs. 500/- 30 Business daysRs. 500/- to less than Rs. 1,000/- 12 Business daysRs. 1,000/- and above 6 Business daysWeekly & Monthly STP: 12 Installments; Quarterly STP: 4 Installments

(*Multiples of Re.1/- thereafter except under IEAF where STP will be made at a minimum of Rs.500/- and in multiples of Rs.500/- thereafter.)SWP: Minimum amount for each withdrawal is Rs.1000/- and in multiples of Re.1/- thereafter for a minimum period of 6 months. Withdrawal on 25th of each month or, if 25th is a holiday, then the next effective business day.

NA

Full Form of SIP, SWP & STP is “Systematic Investment Plan”, “Systematic Withdrawal Plan” & “Systematic Transfer Plan”

Plans, options and sub-optionsNo Scheme Plan* Option Sub-option / Frequency of

DividendMode of dividend payment

1 IEAF Regular & Direct Dividend NA Payout/ SweepGrowth NA NA

2 IIT100EF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

3 IDEF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

4 INIF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

5 INJIF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

6 IMF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

7 ISF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

8 IF30EF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

9 IB&FSF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

10 ILTVF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

11 IDYF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

12 IHF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

13 IHEF Regular & Direct Dividend NA Reinvestment / Payout/ SweepGrowth NA NA

14 IESF Regular & Direct Dividend Monthly/ Quarterly Reinvestment / Payout/ SweepGrowth NA NA

15 ILIQF Regular & Direct Dividend Daily/ Weekly/ Monthly Reinvestment / Payout/ SweepGrowth NA NA

Statutory Details: IDBI Mutual Fund has been set up as a trust sponsored by IDBI Bank Ltd. with IDBI MF Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with IDBI Asset Management Ltd. as the Investment Manager. Mutual fund investments are subject to market risks, read all scheme related documents carefully.

17

No Scheme Plan* Option Sub-option / Frequency of Dividend

Mode of dividend payment

16 IUSTF Regular & Direct Dividend Daily/ Weekly/ Monthly Reinvestment / Payout/ SweepGrowth NA NA

17 ICRF Regular & Direct Dividend Quarterly/Annually Reinvestment / Payout/ SweepGrowth NA NA

18 ISTBF Regular & Direct Dividend Weekly/ Monthly Reinvestment / Payout/ SweepGrowth NA NA

19 IDBF Regular & Direct Dividend Quarterly/Annually Reinvestment / Payout/ SweepGrowth NA NA

20 IGF Regular & Direct Dividend Quarterly/Annually Reinvestment / Payout/ SweepGrowth NA NA

21 IGFOF Regular & Direct Growth NA NA*All plans other than Direct plan will be treated as Regular Plan. For all schemes, Sweep facility is allowed only if dividend amount is Rs.1000/- & above.

The Mutual Fund is not assuring any dividend nor is it assuring that it will make any dividend distributions. All dividend distributions are subject to the availability of distributable surplus and would depend on the performance of the scheme(s) and will be at the discretion of the IDBIAMC and IDBIMF Trustee Company.Load Structure (for lumpsum & SIP)

Entry Load (For normal transactions / Switch-in and SIP) – Not applicableExit Load (Redemption / Switch-out / Transfer/ SWP):For INIF, INJIF, ILIQF, IUSTF, ISTBF & IDBIGOLD : NilFor IIT100EF, IDEF, IMF, ISF, IF30EF, IB&FSF, IHF, IHEF, IESF, IDBF & IGFOF- 1% for exit within 12 months from the date of allotment.For IEAF: Nil. (Statutory lock-in of 3 years).For IDBI Gilt Fund: 0.50% for exit within 30 days from the date of allotment.For ICRF: 0.75% for exit up to & including 12 months from the date of allotment.For ILTVF & IDYF : • If units of the Scheme are redeemed or switched out up to 10% of the units (the limit) within 12 months from the date of allotment - Nil. • If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment - 1% of the applicable NAV. • If units of scheme are redeemed or switched out after 12 months from the date of allotment - Nil.The exit load will be applicable for both normal transactions and SIP/STP transactions. In case of SIP/STP, the date of allotment for each installment for subscription will be reckoned for charging exit load on redemption.

16

18

IDBI Hybrid Equity Fund (IHEF)(An open-ended hybrid scheme investing predominantly in equity and equity related instruments)


Product LabelThis product is suitable for investors who

are seeking*:Riskometer

l Long term capital appreciation with income

l Investments in equity & equity related instruments as well as debt and money market instruments



* Rounded off to the nearest two digits after the decimal point.Fixed Deposits placed for margin purpose for Derivative Exposure


13.33%

9.97%

7.32%

5.41%

4.28%

4.11%

3.35%

3.33%

3.31%

2.69%

2.35%

1.33%

1.14%

1.14%

1.14%

0.77%

0.48%

0.10%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%


Banks

Auto

Chemicals

Auto Ancillaries

Finance

Pharmaceuticals

Cement

Industrial Products


Software

Pesticides



Petroleum Products

Power

Gas

Retailing


Asset ProfileTREPS5.42%

Government Securities16.01%

Cash & Cash Receivables0.53%

Equity & Equity Related

65.55%

Debentures12.49%

Issuer / Security Name Rating % To Net Assets*

EQUITY & EQUITY RELATED 65.55HDFC Bank Ltd. 4.83Nestle India Ltd. 3.35Hindustan Unilever Ltd. 2.84Pidilite Industries Ltd. 2.77Larsen & Toubro Ltd. 2.69Yes Bank Ltd. 2.67Aarti Industries Ltd. 2.64Housing Development Finance Corpn. Ltd. 2.62IndusInd Bank Ltd. 2.47Godrej Consumer Products Ltd. 2.46Maruti Suzuki India Ltd. 2.22TATA Consultancy Services Ltd. 2.22TVS Motor Co. Ltd. 1.96Sanofi India Ltd. 1.73ITC Ltd. 1.65Exide Industries Ltd. 1.64Godrej Industries Ltd. 1.64HeidelbergCement India Ltd. 1.58Sundram Fasteners Ltd. 1.57Bharat Forge Ltd. 1.42Kansai Nerolac Paints Ltd. 1.39UPL Ltd. 1.33Mahindra & Mahindra Ltd. 1.31Finolex Cables Ltd. 1.19Hindalco Industries Ltd. 1.14Inox Leisure Ltd. 1.14


Reliance Industries Ltd. 1.14Aurobindo Pharma Ltd. 1.09Shree Cement Ltd. 0.99Bajaj Auto Ltd. 0.97Eicher Motors Ltd. 0.86Aditya Birla Capital Ltd. 0.81CESC Ltd. 0.77Birla Corpn. Ltd. 0.76Timken India Ltd. 0.70TI Financial Holdings Ltd. 0.68Tube Investments of India Ltd. 0.64Cadila Healthcare Ltd. 0.53GAIL (India) Ltd. 0.48TVS Srichakra Ltd. 0.43CESC Ventures Ltd. 0.13Spencer's Retail Ltd. 0.10GOVERNMENT SECURITIES 16.017.26% CGL 2029 SOV 16.01DEBENTURES 12.49Bank of Baroda CRISIL AA+ 5.89Punjab National Bank IND A+ 2.67Dewan Housing Finance Corpn. Ltd. CARE AA- 2.58Axis Bank Ltd. CRISIL AA+ 1.35TREPS 5.42Cash & Cash Receivables 0.53TOTAL 100.00

Rating Profile

SOV16.01%

TREPS and Cash &Cash Receivables

5.95%

Equity & Equity Related65.55%

A+2.67%

AA-2.58%

AA+7.24%

Scheme FeaturesInvestment objective:The investment objective of the scheme would be to generate opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

Fund Managers: Total Experience: Mrs. Uma Venkatraman (Equity Portion)

Over 15 Years(Managing the Scheme since 1st July, 2018)

Mr. Raju Sharma (Debt Portion)

Over 25 Years (Managing the Scheme since 3rd May, 2017)

Inception Date: 24th October 2016

Benchmark:CRISIL Hybrid 35+65-Aggressive Index


Growth 11.5033 12.0511Dividend 10.9115 11.4600




Quantitative Measures as on 31st March 2019:YTM : 8.45% Average Maturity : 5.18 Years Modified Duration : 3.77 Years Portfolio Turnover Ratio^^ : 1.15^^ Lower of Purchase or Sale for one year/average AUM for one year.

Load Structure:Entry Load : Not ApplicableExit Load : 1% for exit within 12 months from the date of allotment. (for Lumpsum & SIP) No load on exit after the aforementioned period.



Others (` Per Unit)



IDBI Hybrid Equity Fund - Monthly Dividend (Regular Plan)30th October, 2017 0.2000 0.2000 11.4708 11.283931st August, 2017 0.4000 0.4000 11.4882 11.1663IDBI Hybrid Equity Fund - Monthly Dividend (Direct Plan)30th October, 2017 0.2000 0.2000 11.6905 11.503831st August, 2017 0.4000 0.4000 11.6595 11.3395Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.

19

IDBI Equity Savings Fund (IESF)(An open-ended scheme investing in equity, arbitrage and debt)

Scheme FeaturesInvestment objective:The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strate-gies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Manager: Total Experience:Mr. Raju Sharma (Debt Portion)

Over 25 Years (Managing the Scheme since 3rd May, 2017)

Mrs. Uma Venkatraman (Equity Portion)

Over 15 Years (Managing the Scheme since 5th September, 2017)

Inception Date: 7th March, 2011(w.e.f. 27th March 2018 the scheme has become effective & prior to this date the scheme was classified as IDBI Monthly Income Plan)

Benchmark:40% of CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index + 30% of Nifty 50 Index - Total Return Index (TRI)


Growth 16.3891 17.3720Monthly Dividend 13.7552 12.5611Quarterly Dividend 13.0510 10.5107




Quantitative Measures as on 31st March 2019:YTM : 8.63%Average Maturity : 1.58 YearsModified Duration : 1.24 Years Portfolio Turnover Ratio^^ : 4.91^^ Lower of Purchase or Sale for one year/average AUM for one year.

Load Structure:Entry Load : Not ApplicableExit Load : for Lumpsum - 1% for exit (New/Additional Purchase/Switch-out/Transfer/SWP)

within 12 months from the date of allotment. for SIP - 1% for exit (New/Additional Purchase/Switch-out/Transfer/SWP)

within 12 months from the date of allotment of each installment.



Others (` Per Unit)



IDBI Equity Savings Fund - Monthly Dividend (Regular Plan)27th August, 2018 0.0419 0.0419 13.8596 13.819325th July, 2018 0.0341 0.0341 13.7033 13.713325th April, 2018 0.0935 0.0935 13.7158 13.6056IDBI Equity Savings Fund - Monthly Dividend (Direct Plan)27th August, 2018 0.0473 0.0473 12.5166 12.470325th July, 2018 0.0391 0.0391 12.3596 12.359925th April, 2018 0.0934 0.0934 12.3159 12.2071IDBI Equity Savings Fund - Quarterly Dividend (Regular Plan)20th April, 2017 0.2516 0.2331 12.7928 12.41606th July, 2015 0.1150 0.1065 11.7568 11.583727th March, 2015 0.2385 0.2212 12.0213 11.7359IDBI Equity Savings Fund - Quarterly Dividend (Direct Plan)29th September, 2014 0.1948 0.1866 11.5885 11.333017th April, 2014 0.0935 0.0896 10.8922 10.77533rd April, 2013 0.1839 0.1567 10.4314 10.2030Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.


* Rounded off to the nearest two digits after the decimal point.Fixed Deposits placed for margin purpose for DerivativeTotal Outstanding exposure in Derivative Instruments as on March 31, 2019: Rs. 752.31/- (Market Value in Lakhs)


11.45%8.55%

8.09%4.91%4.83%4.80%4.75%

3.51%3.14%

2.98%2.88%

2.34%2.14%2.13%

2.02%1.82%

1.68%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%

BanksConsumer Non Durables

Construction ProjectSoftware

Industrial ProductsFinance

Petroleum ProductsTrading

Consumer DurablesPower

ConstructionTransportation

GasCement

Auto AncillariesPharmaceuticals

Auto


Asset ProfileTREPS0.19%

Fixed Deposits7.47%

Debentures16.43%


Equity & Equity Related

72.02%

Rating Profile


4.08%

SOV7.47%

Equity & Equity Related72.02%

AA5.39%

AA+10.61%

AAA0.43%


l Regular income & Capital appreciation over Medium to Long term

l Investment in equity and equity related Instruments including equity derivatives, arbitrage and debt and money market instruments




EQUITY & EQUITY RELATED 72.02NCC Ltd. 8.09Housing Development Finance Corpn. Ltd. 4.80Reliance Industries Ltd. 4.75Punjab National Bank 4.66HDFC Bank Ltd. 3.73Adani Enterprises Ltd. 3.51Voltas Ltd. 3.14Hindustan Unilever Ltd. 2.98TATA Power Co. Ltd. 2.98DLF Ltd. 2.88TATA Elxsi Ltd. 2.69Asian Paints Ltd. 2.45Carborundum Universal Ltd. 2.45Jain Irrigation Systems Ltd. 2.38Mahindra Logistics Ltd. 2.34Infosys Ltd. 2.22GAIL (India) Ltd. 2.14


Shree Cement Ltd. 2.13MRF Ltd. 2.02Axis Bank Ltd. 1.86Abbott India Ltd. 1.82Mahindra & Mahindra Ltd. 1.68Nestle India Ltd. 1.64ITC Ltd. 1.48ICICI Bank Ltd. 1.20DEBENTURES 16.43Axis Bank Ltd. CRISIL AA+ 4.85Bank of Baroda CRISIL AA+ 5.76JK Cement Ltd. BWR AA 3.90NTPC Ltd. CRISIL AAA 0.43Piramal Enterprises Ltd. [ICRA]AA 1.49FIXED DEPOSITS 7.477.10% HDFC Bank Ltd. SOV 7.47TREPS 0.19Cash & Cash Receivables 3.89TOTAL 100.00

20

Issuer Name Rating % To Net Assets*

CERTIFICATE OF DEPOSITS 39.25IndusInd Bank Ltd. CRISIL A1+ 12.90IDFC First Bank Ltd. [ICRA]A1+ 12.15Bandhan Bank Ltd. [ICRA]A1+ 11.52Vijaya Bank CARE A1+ 2.49Axis Bank Ltd. CRISIL A1+ 0.19COMMERCIAL PAPERS 90.19Mangalore Refinery and Petrochemicals Ltd. [ICRA]A1+ 14.71Bajaj Finance Ltd. CRISIL A1+ 11.53National Bank for Agriculture and Rural Development CRISIL A1+ 10.58Aditya Birla Capital Ltd. CRISIL A1+ 7.75L&T Finance Ltd. [ICRA]A1+ 7.69Reliance Jio Infocomm Ltd. CRISIL A1+ 7.65TATA Power Co. Ltd. CRISIL A1+ 7.36


Kotak Mahindra Investments Ltd. CRISIL A1+ 3.85Godrej Properties Ltd. CRISIL A1+ 3.84SBI Cards & Payment Services Pvt. Ltd. CRISIL A1+ 3.84Housing Development Finance Corpn. Ltd. CRISIL A1+ 3.69Reliance Industries Ltd. CRISIL A1+ 3.08CEAT Ltd. IND A1+ 1.94Aarti Industries Ltd. CRISIL A1+ 1.34Gruh Finance Ltd. CRISIL A1+ 0.96Coromandel International Ltd. CRISIL A1+ 0.19TATA Projects Ltd. CRISIL A1+ 0.19T-BILL 1.9291 DTB 19 SOV 1.92Cash & Cash Receivables -31.36TOTAL 100.00

IDBI Liquid Fund (ILIQF)(An open-ended liquid scheme)



Asset Profile

Certificate of Deposits

T-Bills

Commercial Papers

TREPS

39.25%

90.19%

1.92%

-31.36%-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Rating Profile

A1+

TREPS and Cash & Cash Receivables

SOV

129.44%

1.92%

-31.36%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%

-40.00%

Product LabelThis product is suitable for investors who are seeking*: Riskometerl High level of liquidity along with regular income for

short terml Investments in Debt / Money Market Instruments

with maturity / residual maturity up to 91 days

Investors understand that their principal will be at Low risk


Scheme Features

Investment objective:The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Total Experience: Over 25 YearsMr. Raju Sharma (Managing the Scheme since 3rd May, 2017)

Inception Date: 9th July, 2010

Benchmark:CRISIL Liquid Fund Index

NAV as on 31st March 2019 (` per unit):Regular Direct

Growth 1989.9796 2002.9905Daily Dividend 1005.2683 1002.3548Weekly Dividend 1024.8459 1004.7031Monthly Dividend 1005.2348 1003.6921Bonus^ 1492.4889 1499.9527^ Bonus option in this scheme has been discontinued from 15th July, 2015.

Monthly Average AUM: ` 5,195.11 Crs.

AUM as on 31st March 2019:` 2,571.11 Crs.


Quantitative Measures as on 31st March 2019:YTM : 7.29%Average Maturity : 64 DaysModified Duration : 64 Days




Others (` Per Unit)



IDBI Liquid Fund - Monthly Dividend (Regular Plan)25th March, 2019 3.9469 3.6549 1,008.9108 1,003.639425th February, 2019 4.2690 3.9531 1,009.3736 1,003.639425th January, 2019 4.3340 4.0133 1,009.4572 1,003.6394

IDBI Liquid Fund - Monthly Dividend (Direct Plan)25th March, 2019 4.0030 3.7068 1,007.4264 1,002.079925th February, 2019 4.3306 4.0101 1,007.8969 1,002.079925th January, 2019 4.3928 4.0678 1,007.9767 1,002.0799


21


COMMERCIAL PAPERS 39.83JSW Steel Ltd. [ICRA]A1+ 11.05Dewan Housing Finance Corpn. Ltd. CRISIL A2+ 10.93TATA Power Co. Ltd. CRISIL A1+ 8.93Mangalore Refinery and Petrochemicals Ltd. [ICRA]A1+ 4.46Indian Railway Finance Corpn. Ltd. CRISIL A1+ 2.23NTPC Ltd. [ICRA]A1+ 2.23CERTIFICATE OF DEPOSITS 11.06IDFC First Bank Ltd. [ICRA]A1+ 11.06DEBENTURES 36.77Punjab National Bank IND A+ 7.34


JK Cement Ltd. BWR AA 7.31ECL Finance Ltd. [ICRA]AA 6.70Piramal Enterprises Ltd. [ICRA]AA 5.82Aditya Birla Finance Ltd. [ICRA]AAA 4.50TATA Capital Financial Services Ltd. CRISIL AAA 1.80Dewan Housing Finance Corpn. Ltd. CARE AA- 1.77Axis Bank Ltd. CRISIL AA+ 1.31Vedanta Ltd. CRISIL AA 0.22TREPS 10.00Cash & Cash Receivables 2.34TOTAL 100.00

IDBI Ultra Short Term Fund (IUSTF)(An open ended ultra short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months.#)



Asset Profile

Commercial Papers39.83%

Debentures36.77%

Certificate of Deposits11.06%


TREPS10.00%

Rating Profile

A2+10.93%

TREPS and Cash & Cash Receivables12.34%

A1+39.96%

A+7.34%

AAA6.30%

AA-1.77%

AA20.05%

AA+1.31%


l Regular income for short terml Investments in Debt/Money market instruments

with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months

Investors understand that their principal will be at Moderately Low risk


Scheme Features

Investment objective:The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.

Fund Manager: Total Experience: Over 15 YearsMr. Bhupesh Kalyani (Managing the Scheme since 1st February, 2017)

Inception Date: 3rd September, 2010

Benchmark:CRISIL Liquid Fund Index


Growth 1949.1377 2022.3705Daily Dividend 1017.0054 1031.1905Weekly Dividend 1069.0654 1070.9565Monthly Dividend 1108.0445 1438.5480Bonus^ 1949.2748 2021.3772

^Bonus option in this scheme has been discontinued from 15th July, 2015.




Quantitative Measures as on 31st March 2019:YTM : 8.43%Average Maturity : 208 DaysModified Duration : 168 Days




Others (` Per Unit)



IDBI Ultra Short Term Fund - Monthly Dividend (Regular Plan)26th March, 2019 4.2658 3.9502 1,111.9755 1,106.210426th February, 2019 2.4482 2.2670 1,107.8508 1,104.572928th January, 2019 2.3711 2.1956 1,105.7145 1,103.1009

IDBI Ultra Short Term Fund - Monthly Dividend (Direct Plan)26th March, 2019 5.9218 5.4836 1,444.0843 1,436.092426th February, 2019 3.5234 3.2627 1,438.5182 1,433.808028th January, 2019 3.2958 3.052 1,435.3187 1,431.6887

Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.# please refer to the Scheme Information Document (SID) on which the concept of Macaulay’s duration has been explained.

22

IDBI Short Term Bond Fund (ISTBF)(An open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.#)


Asset Profile

Debentures

TREPS

Central Government Securities

Cash & Cash Receivables

83.17%

7.22%13.79%

-4.18%-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

Rating Profile

AA+18.10%

SOV7.22%

A+2.80%

AA30.92%

AA-6.75%

AAA24.60%


9.61%


l Regular income for short terml Investments in Debt/Money market instruments

such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years

Investors understand that their principal will be at Moderately Low risk


Scheme Features

Investment objective:The investment objective of the Scheme is to provide investors with regular income by investing in debt and money market instruments, such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years. However, there can be no assurance that the investment objective of the Scheme will be realized.


Inception Date: 23rd March, 2011

Benchmark:CRISIL Short Term Bond Fund Index


Growth 18.5185 19.5987Weekly Dividend 11.4931 12.4748Monthly Dividend 12.0470 15.2327




Quantitative Measures as on 31st March 2019:YTM : 8.96%Average Maturity : 2.60 YearsModified Duration : 1.96 Years




Others (` Per Unit)



IDBI Short Term Bond Fund - Monthly Dividend (Regular Plan)26th March, 2019 0.0801 0.0742 12.1305 12.018228th January, 2019 0.0252 0.0233 12.0061 11.97827th December, 2018 0.0755 0.0699 12.0369 11.9323

IDBI Short Term Bond Fund - Monthly Dividend (Direct Plan)26th March, 2019 0.1084 0.1004 15.3464 15.195028th January, 2019 0.0367 0.034 15.1674 15.126627th December, 2018 0.1009 0.0934 15.1995 15.0602

Past performance may or may not be sustained in the future. After the payment of dividend, the per unit NAV of the Dividend option of the Scheme will fall to the extent of the dividend payout and statutory levy, if any. All dividend distribution is subject to availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. For complete dividend history including daily dividend history, please refer to our website.** NAV of the record date.# please refer to the Scheme Information Document (SID) on which the concept of Macaulay’s duration has been explained.

Portfolio as on 31/03/2019Issuer Name Rating % To Net Assets*DEBENTURES 83.17Bank of Baroda CARE AA 14.07Reliance Jio Infocomm Ltd. CRISIL AAA 8.12REC Ltd. CRISIL AAA 7.31LIC Housing Finance Ltd. CRISIL AAA 7.27Piramal Enterprises Ltd. [ICRA]AA 7.25Cholamandalam Investment and Finance Co. Ltd. [ICRA]AA+ 7.23Dewan Housing Finance Corpn. Ltd. CARE AA- 6.75State Bank of India CRISIL AA+ 5.83JK Cement Ltd. BWR AA 5.25ICICI Bank Ltd. [ICRA]AA+ 5.04Vedanta Ltd. CRISIL AA 2.86Punjab National Bank IND A+ 2.80Hindalco Industries Ltd. CRISIL AA 1.49TATA Capital Financial Services Ltd. CRISIL AAA 1.45Reliance Industries Ltd. CRISIL AAA 0.45GOVERNMENT SECURITIES 7.227.26% CGL 2029 SOV 7.22TREPS 13.79Cash & Cash Receivables -4.18TOTAL 100.00

23

IDBI Credit Risk Fund (ICRF)(An open-ended debt scheme predominantly investing in AA and below rated corporate bonds)



Asset Profile

Debentures91.37%


TREPS3.04%

Rating Profile


8.63%

AA46.33%

A+15.02%

AA+1.01%

AA-19.23%

AAA9.78%


l Regular income & capital appreciation through active management for at least medium term horizon

l Investments predominantly in AA and below rated corporate bonds across maturity spectrum

Investors understand that their principal will be at Moderate risk


Scheme Features

Investment objective:The investment objective of the Scheme is to generate regular income and opportunities for capital appreciation by investing predominantly in AA and below rated corporate bonds across maturity spectrum. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.


Inception Date: 3rd March, 2014

Benchmark:CRISIL Short Term Bond Fund Index


Growth 14.5845 15.2910Quarterly Dividend 10.3201 10.4293Annual Dividend 10.9047 11.7025





Load Structure:Entry Load : Not ApplicableExit Load : for Lumpsum - 0.75% for exit (Redemption/Switch-out/Transfer/SWP) upto &

within 12 months from the date of allotment. Nil after 12 months. for SIP - 0.75% for exit (Redemption/Switch-out/Transfer/SWP) upto &

including 12 months from the date of allotment of each installment.



Others (` Per Unit)



IDBI Credit Risk Fund - Quarterly Dividend (Regular Plan)20th February, 2019 0.1785 0.1653 10.3989 10.153605th November, 2018 0.1033 0.0957 10.3073 10.164221st May, 2018 0.3899 0.3611 10.6505 10.1134IDBI Credit Risk Fund - Quarterly Dividend (Direct Plan)20th February, 2019 0.1923 0.1781 10.5164 10.252205th November, 2018 0.1299 0.1203 10.4359 10.2560021st May, 2018 0.4985 0.4616 10.8854 10.19800IDBI Credit Risk Fund - Annual Dividend (Regular Plan)21st May, 2018 0.5795 0.5366 11.0867 10.286520th April, 2017 1.0921 0.0000 12.0655 10.550227th March, 2015 0.6304 0.0000 11.0963 10.2355IDBI Credit Risk Fund - Annual Dividend (Direct Plan)21st May, 2018 2.2136 2.0498 14.0270 10.9598


Issuer Name Rating % To Net Assets*DEBENTURES 91.37Punjab National Bank IND A+ 15.02Vedanta Ltd. CRISIL AA 11.27TATA Power Co. Ltd. IND AA 10.05Dewan Housing Finance Corpn. Ltd. CARE AA- 9.66Hindalco Industries Ltd. CRISIL AA 9.58Yes Bank Ltd. [ICRA]AA- 9.57JK Cement Ltd. BWR AA 8.47Piramal Enterprises Ltd. [ICRA]AA 6.96Reliance Industries Ltd. CRISIL AAA 5.02Reliance Jio Infocomm Ltd. CRISIL AAA 4.76Axis Bank Ltd. CRISIL AA+ 1.01TREPS 3.04Cash & Cash Receivables 5.59TOTAL 100.00

24

IDBI Dynamic Bond Fund (IDBF)(An open-ended dynamic debt scheme investing across duration)



Asset Profile

TREPS23.22%

Central Government Securities37.23%

Debentures39.55%

Rating Profile

TREPS

23.22%AA

12.35%

A+

4.24%

AA-

4.34%

SOV

37.23%

AA+

18.62%


l Generate income along with attendant liquidity through active management of portfolio with at least medium term horizon

l Investments in Debt (including Government Securities) / Money Market Instruments

Investors understand that their principal will be at Moderate risk*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Scheme Features

Investment objective:The objective of the scheme is to generate regular income while maintaining liquidity through active management of a portfolio comprising of debt and money market instruments.


Inception Date: 21st February 2012

Benchmark:CRISIL Composite Bond Fund Index



NAV: 0.0000 indicates that there is no investment under the option





Load Structure:Entry Load : Not ApplicableExit Load : for Lumpsum - 0.50% for exit (Redemption/Switch-out/Transfer/SWP) within

30 days from the date of allotment. For SIP - 0.50% for exit (Redemption/Switch-out/Transfer/SWP) within

30 days from the date of allotment.



Others (` Per Unit)



IDBI Dynamic Bond Fund - Quarterly Dividend (Regular Plan)20th February, 2019 0.1840 0.1704 10.7074 10.450205th November, 2018 0.1124 0.1041 10.5503 10.401327th July, 2017 0.1961 0.1817 10.7876 10.5012IDBI Dynamic Bond Fund - Quarterly Dividend (Direct Plan)20th February, 2019 0.2584 0.2393 13.5059 13.145505th November, 2018 0.1943 0.1799 13.3302 13.069729th September, 2014 0.3507 0.3358 10.7090 10.2445IDBI Dynamic Bond Fund - Annual Dividend (Regular Plan)20th April, 2017 0.8926 0.8270 11.6510 10.399927th March, 2015 0.7992 0.7412 11.3590 10.278217th April, 2014 0.1403 0.1343 10.3119 10.1496IDBI Dynamic Bond Fund - Annual Dividend (Direct Plan)27th March, 2015 0.8203 0.7607 11.4143 10.305117th April, 2014 0.1636 0.1567 10.3474 10.1555


Issuer Name Rating % To Net Assets*DEBENTURES 39.55Bank of Baroda CRISIL AA+ 7.65ICICI Bank Ltd. [ICRA]AA+ 6.55Vedanta Ltd. CRISIL AA 6.51JK Cement Ltd. BWR AA 5.84State Bank of India CRISIL AA+ 4.42Dewan Housing Finance Corpn Ltd. CARE AA- 4.34Punjab National Bank IND A+ 4.24GOVERNMENT SECURITIES 37.237.26% CGL 29 SOV 37.23TREPS 23.22TOTAL 100.00

25

IDBI Gilt Fund (IGF)(An open-ended debt scheme investing in government securities across maturity)



Asset Profile

Government Securities

TREPS


96.16%

17.16%

-13.32%-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%


l Long term regular income along with capital appreciation with at least medium term horizon

l Investments in dated Central & State Government Securities / T-Bills / Money Market Instrument

Investors understand that their principal will be at Moderate risk


Issuer Name Rating % to Net Assets*

GOVERNMENT SECURITIES 96.16

7.26% CGL 2029 SOV 96.16

TREPS 17.16

Cash & Cash Receivables -13.32

TOTAL 100.00

Scheme Features

Investment objective:The investment objective of the scheme would be to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of central government dated securities, state government securities and treasury bills. However, there can be no assurance that the investment objective of the scheme will be realized / achieved.


Inception Date: 21st December, 2012

Benchmark:CRISIL Dynamic Gilt Index







Load Structure:Entry Load : Not ApplicableExit Load : for Lumpsum - 0.50% for exit (Redemption/Switch-out/Transfer/SWP) within

30 days from the date of allotment. For SIP - 0.50% for exit (Redemption/Switch-out/Transfer/SWP) within

30 days from the date of allotment of each installment.



Others (` Per Unit)



IDBI Gilt Fund - Quarterly Dividend (Regular Plan)20th February, 2019 0.1936 0.1793 10.5697 10.296527th July, 2017 0.2353 0.2180 10.6557 10.310320th April, 2017 0.7883 0.7303 11.5717 10.4070IDBI Gilt Fund - Quarterly Dividend (Direct Plan)20th February, 2019 0.2253 0.2086 11.7303 11.412927th July, 2017 0.3575 0.0000 11.7938 11.277520th April, 2017 0.5462 0.0000 12.2578 11.4817IDBI Gilt Fund - Annual Dividend (Regular Plan)20th April, 2017 1.0847 0.0000 12.0341 10.518427th March, 2015 0.9936 0.9215 11.8111 10.472217th April, 2014 0.3585 0.3433 10.6705 10.2259

IDBI Gilt Fund - Annual Dividend (Direct Plan)20th April, 2017 0.9847 0.0000 12.2581 10.880927th March, 2015 0.9768 0.0000 11.8291 10.513717th April, 2014 0.3896 0.3732 10.7019 10.2176


26

IDBI Gold Fund (IGFOF)(An open-ended fund of fund scheme investing in IDBI Gold Exchange Traded Fund [IDBI Gold ETF])

Portfolio as on 31/03/2019Issuer Name % To Net Assets*

Units of IDBI Gold Exchange Traded Fund 100.24

TREPS 0.06


TOTAL 100.00


Asset Profile

Units of IDBI Gold ETF

TREPS


100.24%

0.06%

-0.30%-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%


l To replicate returns of IDBI Gold ETF with atleast medium term horizon

l Investments in units of IDBI Gold ETF / Money Market Instruments / IDBI Liquid Fund Scheme



Scheme Features

Investment objective:The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.


Inception Date: 14th August, 2012

Benchmark:Domestic price of Gold


Growth 9.0265 9.2704




Load Structure:Entry Load : Not ApplicableExit Load : for Lumpsum - 1% for exit (Redemption/Switch-out/Transfer/SWP) within

12 months from the date of allotment. for SIP - 1% for exit (Redemption/Switch-out/Transfer/SWP) within

12 months from the date of allotment of each installment.

AUM REPORT FOR THE QUARTER ENDED 31/03/2019

Rs. in Lakhs

Asset class wise disclosure of AUM & AAUM Disclosure of percentage of AUM by geography

Category AUM as on the last day of the Quarter

Average AUM for the Quarter

Geographical Spread % of Total AUM as on the last day of the Quarter

Income 41,041.58 54,765.30 Top 5 Cities 56.63%

Equity (other than ELSS) 215,537.63 209,578.48 Next 10 Cities 19.03%

Balanced 38,013.80 38,387.32 Next 20 Cities 10.85%

Liquid 257,110.85 555,195.41 Next 75 Cities 9.42%

Gilt 1,911.65 2,360.49 Others 4.07%

Equity - ELSS 61,158.04 60,001.12 TOTAL 100.00%

GOLD ETF 6,030.33 6,291.17

Other ETF 0.00 0.00

Fund of Fund investing overseas 0.00 0.00

Total 620,803.88 926,579.29

Note : Since IDBI Gold Fund (FOF Domestic) invests predominently in units of IDBI Gold Exchange Traded Fund, the AUM and Average AUM of IDBI Gold Fund are disclosed separately below:

Rs. in Lakhs

Asset class wise disclosure of AUM & AAUM

Category AUM as on the last day of the Quarter

Average AUM for the Quarter

FOF (Domestic) 2,987.81 3,138.44

27

IDBI Gold Exchange Traded Fund (IDBIGOLD)(An open-ended scheme replicating/ tracking the performance of gold in domestic prices)

Portfolio as on 31/03/2019Issuer Name % To Net Assets*

Physical Gold & Gold Related Instruments# 97.09

TREPS 2.95


TOTAL 100.00

* Rounded off to the nearest two digits after the decimal point.# Comprises of 30 Kgs deposited in the Gold Monetisation Scheme of Bank of Nova Scotia.

Asset Profile

Physical Gold & Gold Related Instruments

TREPS


97.09%

2.95%

-0.04%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%


l To replicate the performance of gold in domestic prices with at least medium term horizon

l Investments in physical gold and gold related instruments / debt & money market instruments



Scheme FeaturesInvestment objective:To invest in physical gold and gold related instruments with the objective to replicate the performance of gold in domestic prices. The ETF will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Fund and the underlying asset.


Inception Date: 9th November, 2011

Benchmark:Domestic price of Physical Gold

NAV as on 29th March 2019 (` per unit):

NAV 2985.6653Physical Gold Price* 3164.7346Cash Component -179.0693* Source: Bank of Nova Scotia (Custodian for IDBI Gold ETF)



Expense Ratio as on 31st March 2019:Regular : 0.58%Expense ratio is inclusive of GST on management fees.

Quantitative Measures as on 31st March 2019:Tracking Error : 0.2029% Annualised tracking error for last 12 month's period.


Listing:The Scheme is listed on National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE).

NSE Disclaimer for IDBI Gold Exchange Traded Fund : It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’.BSE Disclaimer for IDBI Gold Exchange Traded Fund : It is to be distinctly understood that the permission given by BSE Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by BSE Ltd. nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the ‘Disclaimer Clause of BSE Ltd.’

Our Branches:Ahmedabad : IDBI Mutual Fund, IDBI Complex, 3rd Floor, Near Lal Bungalows, Off. C G Road, Ahmedabad - 380 006. Tel.: 079-2640 0887 / 30. Fax: 079-26400844.Bengaluru : IDBI Mutual Fund, Mittal Towers, 209, A-Wing, 2nd Floor, M G Road, Bengaluru - 560 001. Tel.: 080-41495263.Chandigarh : IDBI Mutual Fund, IDBI Bank Ltd., Ground Floor, SCO 162-163, Sector-9C, Chandigarh - 160 009.Chennai : IDBI Mutual Fund, No. 115, Anna Salai, P. B. No. 805, Saidapet, Chennai - 600 015.Delhi : IDBI Mutual Fund, 1102-1103, Tolstoy House, Tolstoy Marg, New Delhi - 110 001.Hyderabad : IDBI Mutual Fund, 2nd Floor, 5-9-89/1 Chapel Road, Hyderabad - 500 001.Indore : IDBI Mutual Fund, IDBI Bank Ltd., First Floor, 16-C, Omni Palace, Ratlam Kothi Main Road, Indore - 452 001. Tel.: 0731-6679127.Jaipur : IDBI Mutual Fund, IDBI Bank Ltd., F-29, Gautam Marg, Opp. Reliance Fresh, Vaishali Nagar, Jaipur-302 021.Kochi : IDBI Mutual Fund, 2nd Floor, IDBI Bank Corporate Office, Near Passport Office, Panampally Nagar, P. B. No. 4253, Kochi - 682 036.Kolkata : IDBI Mutual Fund, IDBI House, 6th Floor, 44, Shakespeare Sarani, Kolkata - 700 017. Tel.: 033 - 66557627. Fax: 033-66557629.Lucknow : IDBI Mutual Fund, Ground Floor, Saran Chambers-II, 05 Park Road, Opp. Civil Hospital, Hazratganj, Lucknow - 226 001.Mumbai : IDBI Mutual Fund, 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005. Tel.: 022-66442800.Pune : IDBI Mutual Fund, Office No. 91, 5th Floor, Shreenath Plaza, C Wing, F. C. Road, Shivajinagar, Pune - 411 005.

Contact usIDBI Asset Management Limited

(Investment Manager to IDBI Mutual Fund)CIN: U65100MH2010PLC199319

Registered Office: IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005Corporate Office: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 Fax: 022-66442801 E-mail: [email protected] Website: www.idbimutual.co.in

SMS: IDBIMF on 09220092200 Toll-free: 1800-419-4324 (from any landline or mobile number across India, between 9 am-6 pm from Monday to Saturday)

28

SCHEME PERFORMANCE - REGULAR PLANS (As of last business day of the month)

Schemes Managed by Fund Manager (FM) - Ms. Uma Venkatraman Total Experience: Over 15 Years

IDBI Equity Advantage Fund (IEAF) Inception date: 10th September, 2013

PeriodReturns (in %) Value of ` 10,000/- invested

Scheme Benchmark# Additional Benchmark##

Scheme (`)

Benchmark# (`)

Additional Benchmark## (`)

1 year 1.04 12.06 18.71 10,104 11,210 11,877

3 years 11.19 16.87 17.30 13,748 15,963 16,141

5 years 16.80 14.46 13.15 21,752 19,657 18,557

Since Inception 18.94 15.93 14.11 26,190 22,713 20,803 FM Managing this Scheme since 1st July 2018.# S&P BSE 200 Index-TRI, ## S&P BSE Sensex-TRI.

IDBI India Top 100 Equity Fund (IIT100EF) Inception date: 15th May 2012



Scheme (`)

Benchmark# (`)


Last 1 year 4.09 13.92 16.40 10,410 11,396 11,645

Last 3 years 9.93 16.91 16.79 13,285 15,979 15,930

Last 5 years 12.02 13.85 13.07 17,648 19,143 18,497

Since Inception 13.49 15.37 14.72 23,860 26,727 25,709 FM Managing this Scheme since 5th September 2017.# Nifty 100 Index-TRI, ## Nifty 50 Index-TRI.

IDBI Small Cap Fund (ISF) Inception date: 21st June, 2017



Scheme (`)

Benchmark# (`)


Last 1 year -7.12 -12.41 16.40 9,286 8,756 11,645

Since Inception -2.17 -5.65 12.67 9,620 9,021 12,351 FM Managing this Scheme since 5th September 2017.The Regular Plan of this scheme is in existence for a period less than 3 years.#Nifty Smallcap 250 Index TRI, ## Nifty 50 Index-TRI

Schemes Managed by Fund Manager (FM) - Mr. Firdaus Marazban Ragina Total Experience: Over 20 Years

IDBI Nifty Index Fund (INIF) Inception date: 25th June, 2010


Scheme Benchmark# Scheme (`) Benchmark# (`)

Last 1 year 14.72 16.40 11,477 11,645

Last 3 years 14.56 16.79 15,033 15,930

Last 5 years 11.09 13.07 16,927 18,497

Since Inception 9.07 10.79 21,401 24,540 FM Managing this Scheme since 9th October 2018.# Nifty 50 Index-TRI.

IDBI Nifty Junior Index Fund (INJIF) Inception date: 20th September, 2010



Scheme (`)

Benchmark# (`)


Last 1 year -1.50 0.18 16.40 9,850 10,019 11,645

Last 3 years 14.87 17.13 16.79 15,158 16,070 15,930

Last 5 years 15.49 17.79 13.07 20,562 22,695 18,497

Since Inception 9.30 11.22 9.42 21,339 24,765 21,548 FM Managing this Scheme since 9th October 2018.# Nifty Next 50 Index-TRI, ## Nifty 50 Index-TRI.

Schemes Managed by Fund Manager (FM) - Mr. Ashish Mishra Total Experience: Over 13 Years

IDBI Diversified Equity Fund (IDEF) Inception date: 28th March, 2014



Scheme (`)

Benchmark# (`)


Last 1 year 1.06 9.64 18.71 10,107 10,967 11,877

Last 3 years 9.54 16.74 17.30 13,142 15,908 16,141

Last 5 years 15.79 14.60 13.15 20,830 19,784 18,557

Since Inception 15.79 14.60 13.15 20,830 19,784 18,557 FM Managing this Scheme since 5th September 2017.# S&P BSE 500-TRI, ## S&P BSE Sensex-TRI.

IDBI Midcap Fund (IMF) Inception date: 25th January, 2017



Scheme (`)

Benchmark# (`)


Last 1 year -5.22 -1.85 16.40 9,476 9,814 11,645

Since Inception 3.87 8.99 16.42 10,860 12,057 13,914 FM Managing this Scheme since 5th September 2017.The Regular Plan of this scheme is in existence for a period less than 3 years.# Nifty Midcap 100 - TRI, ## Nifty 50 Index-TRI.

IDBI Focused 30 Equity Fund (IF30EF) Inception date: 17th November, 2017



Scheme (`)

Benchmark# (`)


Last 1 year 1.95 13.92 16.40 10,196 11,396 11,645

Since Inception -0.81 8.69 10.78 9,890 11,201 11,497 FM Managing this Scheme since 1st July, 2018.The Regular Plan of this scheme is in existence for a period less than 3 years.#Nifty 100 TRI, ## Nifty 50 TRI

IDBI Gold Fund (IGFOF) Inception date: 14th August, 2012


Scheme Benchmark# Scheme (`)

Benchmark# (`)

Last 1 year 0.58 2.41 10,058 10,242

Last 3 years 0.44 2.78 10,134 10,858

Last 5 years 0.20 2.38 10,098 11,247

Since Inception -1.53 0.64 9,027 10,431 FM Managing this Scheme since 5th September 2017.# Domestic price of physical Gold.

IDBI Gold Exchange Traded Fund (IDBIGOLD) Inception date: 9th November, 2011



Benchmark# (`)

Last 1 year 2.05 2.41 10,206 10,242

Last 3 years 2.35 2.78 10,721 10,858

Last 5 years 1.73 2.38 10,897 11,247

Since Inception 0.39 1.18 10,290 10,907 FM Managing this Scheme since 5th September 2017.# Domestic price of physical Gold.

Scheme Managed by Fund Managers (FM) - Mrs. Uma Venkatraman (Equity Portion) - Total Experience: Over 15 Years &

Mr. Raju Sharma (Debt Portion) Total Experience: Over 25 Years

IDBI Hybrid Equity Fund (IHEF) Inception Date: 24th October, 2016



Scheme (`)

Benchmark# (`)


Last 1 year -1.74 10.44 16.40 9,826 11,046 11,645

Since Inception 5.94 10.44 14.03 11,503 12,726 13,754 Mrs. Uma Venkatraman (Equity Portion) since 1st July 2018 &Mr. Raju Sharma Managing this Scheme (Debt Portion) since 3rd May, 2017The Regular Plan of this scheme is in existence for a period less than 3 years.# CRISIL Hybrid 35+65-Aggressive Index, ## Nifty 50 Index-TRI.

IDBI Equity Savings Fund (IESF) Inception Date: 27th March, 2018



Scheme (`)

Benchmark# (`)


Last 1 year 2.86 10.41 16.40 10,287 11,044 11,645

Since Inception 2.92 10.22 15.55 10,294 11,027 11,564 Mr. Raju Sharma Managing this Scheme (Debt Portion) since 3rd May 2017 & Ms.Uma Venkatraman Managing this Scheme (Equity Portion) since 5th September 2017.The Regular Plan of this scheme is in existence for a period less than 3 years.# 40% of CRISIL Liquid Fund Index + 30% CRISIL Short term Bond Fund Index + 30% of Nifty 50 Index, ## Nifty 50 Index - TRI

29

SCHEME PERFORMANCE - REGULAR PLANS (As of last business day of the month) (contd...)

IDBI Equity Advantage Fund (IEAF)Instalment amount: ` 10,000/-Frequency: Monthly

Investment date: 1st of every monthInception date: 10th September, 2013

Since Inception 5 years 3 years 1 year

Total amount invested (Rs. in '000) 670.00 600.00 360.00 120.00 Market value as on 29th March, 2019 (Rs. in '000) 919.96 748.42 393.72 118.79Scheme Return (% XIRR) 11.30 8.80 5.94 -1.89Benchmark (S&P BSE 200 Index-TRI#) return (% XIRR) 12.93 12.03 12.56 11.71Additional Benchmark (S&P BSE Sensex-TRI##) return (%XIRR) 13.04 12.68 15.50 16.41

IDBI India Top 100 Equity Fund (IIT100 EF)Instalment amount: ` 10,000/-Frequency: Monthly

Investment date: 1st of every monthInception date: 15th May, 2012


Total amount invested (Rs. in '000) 830.00 600.00 360.00 120.00 Market value as on 29th March, 2019 (Rs. in '000) 1190.20 714.46 390.14 124.06Scheme Return (% XIRR) 10.28 6.94 5.32 6.44Benchmark (Nifty 100-TRI#) return (% XIRR) 13.55 12.13 13.26 13.17Additional Benchmark (Nifty 50 Index-TRI##) return (%XIRR) 13.17 12.17 14.18 15.34

IDBI Diversified Equity Fund (IDEF)Instalment amount: ` 10,000/-Frequency: Monthly

Investment date: 1st of every monthInception date: 28th March, 2014


Total amount invested (Rs. in '000) 610.00 600.00 360.00 120.00 Market value as on 29th March, 2019 (Rs. in '000) 750.88 730.05 389.03 119.60Scheme Return (% XIRR) 8.14 7.81 5.13 -0.63Benchmark (S&P BSE 500 Index-TRI#) return (% XIRR) 11.81 11.69 11.70 10.16Additional Benchmark (S&P BSE Sensex-TRI##) return (%XIRR) 12.70 12.69 15.50 16.41

IDBI Nifty Index Fund (INIF)Instalment amount: ` 10,000/-Frequency: Monthly

Investment date: 1st of every monthInception date: 25th June, 2010


Total amount invested (Rs. in '000) 1,060.00 600.00 360.00 120.00 Market value as on 29th March, 2019 (Rs. in '000) 1707.91 774.44 431.23 128.70Scheme Return (% XIRR) 10.51 10.18 12.15 13.95Benchmark (Nifty 50 Index-TRI #) return (% XIRR) 12.34 12.17 14.18 15.34Additional Benchmark (Nifty 50 Index-TRI ##) return (%XIRR) 12.34 12.17 14.18 15.34

IDBI Nifty Junior Index Fund (INJIF)Instalment amount: ` 10,000/-Frequency: Monthly



Total amount invested (Rs. in '000) 1030.00 600.00 360.00 120.00Market value as on 29th March, 2019 (Rs. in '000) 1816.19 761.22 393.85 120.01Scheme Return (% XIRR) 12.85 9.49 5.96 0.02Benchmark (Nifty Next 50 Index-TRI#) return (% XIRR) 15.01 11.61 7.90 0.81Additional Benchmark (Nifty 50 Index-TRI##) return (%XIRR) 12.45 12.17 14.18 15.34

# Scheme Benchmark ## Additional Benchmark as per SEBI Circular dated August 22, 2011.

Past Performance may or may not be sustained in the future. Returns pertain to growth option under Regular Plan and the same have been computed using XIRR by excel spreadsheet function. XIRR helps in calculating return on investments based on cash flows that are uniform and regular monthly subscriptions. The Regular and Direct Plan of IDBI Mutual Fund have different expense structure.

SYSTEMATIC INVESTMENT PLAN (SIP) PERFORMANCE EQUITY FUNDS - REGULAR PLANS (As of last business day of the month)

Schemes Managed by Fund Manager (FM) - Mr. Raju Sharma - Total Experience: Over 25 Years

IDBI Liquid Fund (ILIQF) Inception date: 9th July, 2010



Scheme (`)

Benchmark# (`)


Last 1 year 7.54 7.63 7.36 10754 10763 10736Last 3 years 7.13 7.19 6.81 12296 12318 12185Last 5 years 7.68 7.72 7.37 14480 14505 142701 month 0.65 0.67 0.70 NA NA NA2 weeks 0.31 0.32 0.22 NA NA NA1 week 0.18 0.19 0.11 NA NA NASince Inception 8.20 8.00 6.96 19900 19577 17990FM Managing this Scheme since 3rd May 2017# CRISIL Liquid Fund Index, ## CRISIL 1 Year T-Bill Index, NA Not Applicable.

IDBI Dynamic Bond Fund (IDBF) Inception date: 21st February, 2012



Scheme (`)

Benchmark# (`)


Last 1 year 6.20 6.72 6.82 10,621 10,672 10,682 Last 3 years 5.24 7.70 6.12 11,657 12,494 11,949 Last 5 years 6.32 9.10 8.05 13,592 15,458 14,727 Since Inception 6.00 8.37 6.80 15,132 17,701 15,961

FM Managing this Scheme since 3rd May 2017# CRISIL Composite Bond Fund Index, ## CRISIL 10 Year Gilt Index.

IDBI Gilt Fund (IGF) Inception date: 21st December, 2012



Scheme (`)

Benchmark# (`)



FM Managing this Scheme since 3rd May 2017# CRISIL Dynamic Gilt Index, ## CRISIL 10 Year Gilt Index.

Schemes Managed by Fund Manager (FM) - Mr. Bhupesh Kalyani Total Experience: Over 15 Years

IDBI Ultra Short Term Fund (IUSTF) Inception date: 3rd September, 2010



Scheme (`)

Benchmark# (`)



FM Managing this Scheme since 1st February 2017.# CRISIL Liquid Fund Index, ## CRISIL 1 Year T-Bill Index.

IDBI Short Term Bond Fund (ISTBF) Inception date: 23rd March, 2011



Scheme (`)

Benchmark# (`)



FM Managing this Scheme since 1st February 2017.# CRISIL Short Term Bond Fund Index, ## CRISIL 1 Year T-Bill Index

IDBI Credit Risk Fund (ICRF) Inception date: 3rd March, 2014



Scheme (`)

Benchmark# (`)




# Scheme Benchmark; ## Additional Benchmark as per SEBI Circular dated August 22, 2011.Past performance may or may not be sustained in the future. Returns pertain to growth option under Regular Plan. The returns are Compounded Annual Growth Returns (CAGR) for past 1 year, 3 years, 5 years & since inception period and annualised for the period below 1 year. The Regular and Direct Plan of IDBI Mutual Fund have different expense structure.

30

SCHEME PERFORMANCE - DIRECT PLANS (As of last business day of the month)

Schemes Managed by Fund Manager (FM) - Ms. Uma Venkatraman Total Experience: Over 15 Years

IDBI Equity Advantage Fund (IEAF) Inception date: 10th September, 2013



Scheme (`)

Benchmark# (`)


Last 1 year 2.75 12.06 18.71 10,276 11,210 11,877

Last 3 years 12.90 16.87 17.30 14,392 15,963 16,141

Last 5 years 18.22 14.46 13.15 23,113 19,657 18,557

Since Inception 20.32 15.93 14.11 27,920 22,713 20,803

FM Managing this Scheme since 1st July, 2018# S&P BSE 200 Index-TRI, ## S&P BSE Sensex-TRI.

IDBI India Top 100 Equity Fund (IIT100EF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)


Last 1 year 5.93 13.92 16.40 10,595 11,396 11,645

Last 3 years 11.66 16.91 16.79 13,923 15,979 15,930

Last 5 years 13.36 13.85 13.07 18,735 19,143 18,497

Since Inception 12.61 13.21 12.71 20,988 21,694 21,104

FM Managing this Scheme since 5th September 2017.# Nifty 100 Index-TRI, ## Nifty 50 Index-TRI.

IDBI Small Cap Fund (ISF) Inception date: 21st June, 2017



Scheme (`)

Benchmark# (`)


Last 1 year -4.90 -12.41 16.40 9,509 8,756 11,645

Since Inception 0.39 -5.65 12.67 10,070 9,021 12,351

FM Managing this Scheme since 5th September, 2017.The Direct Plan of this scheme is in existence for a period less than 3 years.#Nifty Smallcap 250 Index TRI, ## Nifty 50 Index-TRI

Schemes Managed by Fund Manager (FM) - Mr. Firdaus Marazban Ragina Total Experience: Over 20 Years

IDBI Nifty Index Fund (INIF) Inception date: 1st January, 2013


Scheme Benchmark# Scheme (`) Benchmark# (`)Last 1 year 15.97 16.40 11,602 11,645

Last 3 years 15.93 16.79 15,581 15,930

Last 5 years 12.19 13.07 17,786 18,497

Since Inception 11.85 12.71 20,111 21,104

FM Managing this Scheme since 9th October 2018.# Nifty 50 Index-TRI.

IDBI Nifty Junior Index Fund (INJIF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)


Last 1 year -0.60 0.18 16.40 9,940 10,019 11,645

Last 3 years 16.22 17.13 16.79 15,696 16,070 15,930

Last 5 years 16.63 17.79 13.07 21,601 22,695 18,497

Since Inception 14.36 15.51 12.71 23,098 24,592 21,104

FM Managing this Scheme since 9th October 2018.# Nifty Next 50 Index-TRI, ## Nifty 50 Index-TRI.

Schemes Managed by Fund Manager (FM) - Mr. Ashish Mishra Total Experience: Over 13 Years

IDBI Diversified Equity Fund (IDEF) Inception date: 28th March, 2014



Scheme (`)

Benchmark# (`)


Last 1 year 3.01 9.64 18.71 10,302 10,967 11,877

Last 3 years 11.45 16.74 17.30 13,843 15,908 16,141

Last 5 years 17.26 14.60 13.15 22,190 19,784 18,557

Since Inception 17.26 14.60 13.15 22,190 19,784 18,557

FM Managing this Scheme since 5th September 2017.# S&P BSE 500-TRI, ## S&P BSE Sensex-TRI.

IDBI Midcap Fund (IMF) Inception date: 25th January, 2017



Scheme (`)

Benchmark# (`)


Last 1 year -3.37 -1.85 16.40 9,662 9,814 11,645

Since Inception 6.39 8.99 16.42 11,440 12,057 13,914 FM Managing this Scheme since 5th September 2017.The Direct Plan of this scheme is in existence for a period less than 3 years.# Nifty Midcap 100 - TRI, ## Nifty 50 Index-TRI.

IDBI Focused 30 Equity Fund (IF30EF) Inception date: 17th November, 2017



Scheme (`)

Benchmark# (`)


Last 1 year 4.48 13.92 16.40 10,449 11,396 11,645

Since Inception 1.76 8.69 10.78 10,240 11,201 11,497 FM Managing this Scheme since 1st July, 2018.The Regular Plan of this scheme is in existence for a period less than 3 years.#Nifty 100 TRI, ## Nifty 50 TRI

IDBI Gold Fund (IGFOF) Inception date: 1st January, 2013



Benchmark# (`)

Last 1 year 1.14 2.41 10,115 10,242

Last 3 years 1.03 2.78 10,313 10,858

Last 5 years 0.71 2.38 10,358 11,247

Since Inception -1.20 0.43 9,273 10,271 FM Managing this Scheme since 5th September 2017.# Domestic price of physical Gold.

Scheme Managed by Fund Managers (FM) - Ms. Uma Venkatraman (Equity Portion) - Total Experience: Over 15 Years &

Mr. Raju Sharma (Debt Portion) Total Experience: Over 25 Years

IDBI Hybrid Equity Fund (IHEF) Inception Date: 24th October, 2016

Period

Returns (in %) Value of ` 10,000/- invested


Scheme (`)

Benchmark# (`)


Last 1 year 0.15 10.44 16.40 10,015 11,046 11,645

Since Inception 7.99 10.44 14.03 12,051 12,726 13,754 Mrs. Uma Venkatraman (Equity Portion) since 1st July, 2018 &Mr. Raju Sharma Managing this Scheme (Debt Portion) since 3rd May, 2017The Direct Plan of this scheme is in existence for a period less than 3 years.# CRISIL Hybrid 35+65-Aggressive Index, ## Nifty 50 Index-TRI.

IDBI Equity Savings Fund (IESF) Inception Date: 27th March, 2018

Period

Returns (in %) Value of ` 10,000/- invested


Scheme (`)

Benchmark# (`)


Last 1 year 5.04 10.41 16.40 10,505 11,044 11,645

Since Inception 5.11 10.22 15.55 10,513 11,027 11,564 Mr. Raju Sharma Managing this Scheme (Debt Portion) since 3rd May 2017 &Ms. Uma Venkatraman Managing this Scheme (Equity Portion) since 5th September, 2017# 40% of CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index + 30% of Nifty 50 Index, ## Nifty 50 Index - TRI

Schemes Managed by Fund Manager (FM) - Mr. Raju Sharma - Total Experience: Over 25 Years

IDBI Liquid Fund (ILIQF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)


Last 1 year 7.66 7.63 7.36 10,766 10,763 10,736

Last 3 years 7.25 7.19 6.81 12,337 12,318 12,185

Last 5 years 7.80 7.72 7.37 14,558 14,505 14,270

1 month 0.66 0.67 0.70 N.A N.A N.A

2 weeks 0.32 0.32 0.22 N.A N.A N.A

1 week 0.18 0.19 0.11 N.A N.A N.A

Since Inception 8.08 8.02 7.17 16,245 16,187 15,409 FM Managing this Scheme since 3rd May 2017# CRISIL Liquid Fund Index, ## CRISIL 1 Year T-Bill Index, NA Not Applicable.

31

SCHEME PERFORMANCE - DIRECT PLANS (As of last business day of the month) (contd...)

IDBI Equity Advantage Fund (IEAF)Instalment amount: ` 10,000/-Frequency: Monthly



Total amount invested (Rs. in '000) 670.00 600.00 360.00 120.00

Market value as on 29th March, 2019 (Rs. in '000) 961.47 778.90 404.43 119.82

Scheme Return (% XIRR) 12.89 10.41 7.75 -0.28

Benchmark (S&P BSE 200 Index-TRI#) return (% XIRR) 12.93 12.03 12.56 11.71

Additional Benchmark (S&P BSE Sensex-TRI##) return (%XIRR) 13.04 12.68 15.50 16.41

IDBI India Top 100 Equity Fund (IIT100 EF)Instalment amount: ` 10,000/-Frequency: Monthly

Investment date: 1st of every monthInception date: 1st January, 2013




Scheme Return (% XIRR) 10.96 8.52 7.18 8.21

Benchmark (Nifty 100-TRI#) return (% XIRR) 13.23 12.13 13.26 13.17

Additional Benchmark (Nifty 50 Index-TRI##) return (%XIRR) 12.94 12.17 14.18 15.34

IDBI Diversified Equity Fund (IDEF)Instalment amount: ` 10,000/-Frequency: Monthly

Investment date: 1st of every monthInception date: 28th March, 2014





Benchmark (S&P BSE 500 Index-TRI#) return (% XIRR) 11.81 11.69 11.70 10.16

Additional Benchmark (S&P BSE Sensex-TRI##) return (%XIRR) 12.70 12.69 15.50 16.41

IDBI Nifty Index Fund (INIF)Instalment amount: ` 10,000/-Frequency: Monthly






Benchmark (Nifty 50-TRI#) return (% XIRR) 12.94 12.17 14.18 15.34


IDBI Nifty Junior Index Fund (INJIF)Instalment amount: ` 10,000/-Frequency: Monthly






Benchmark (Nifty Next 50 Index-TRI #) return (% XIRR) 14.56 11.61 7.90 0.81


# Scheme Benchmark ## Additional Benchmark as per SEBI Circular dated August 22, 2011.

Past Performance may or may not be sustained in the future. Returns pertain to growth option under Direct Plan and the same have been computed using XIRR by excel spreadsheet function. XIRR helps in calculating return on investments based on cash flows that are uniform and regular monthly subscriptions. The Regular and Direct Plan of IDBI Mutual Fund have different expense structure.

SYSTEMATIC INVESTMENT PLAN (SIP) PERFORMANCE EQUITY FUNDS - DIRECT PLANS (As of last business day of the month)

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

IDBI Dynamic Bond Fund (IDBF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)


Last 1 year 7.57 6.72 6.82 10,759 10,672 10,682 Last 3 years 6.58 7.70 6.12 12,106 12,494 11,949 Last 5 years 7.33 9.10 8.05 14,249 15,458 14,727 Since Inception 6.36 8.27 6.60 14,694 16,419 14,901 FM Managing this Scheme since 3rd May 2017# CRISIL Composite Bond Fund Index, ## CRISIL 10 Year Gilt Index.

IDBI Gilt Fund (IGF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)


Last 1 year 7.62 7.89 6.82 10,764 10,789 10,682 Last 3 years 6.48 7.45 6.12 12,074 12,404 11,949 Last 5 years 7.87 9.20 8.05 14,611 15,532 14,727 Since Inception 7.27 7.88 6.60 15,499 16,050 14,901 FM Managing this Scheme since 3rd May 2017# CRISIL Dynamic Gilt Index, ## CRISIL 10 Year Gilt Index.

Schemes Managed by Fund Manager (FM) - Mr. Bhupesh Kalyani Total Experience: Over 15 Years

IDBI Ultra Short Term Fund (IUSTF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)



FM Managing this Scheme since 1st February 2017.# CRISIL Liquid Fund Index, ## CRISIL 1 Year T-Bill Index.

IDBI Short Term Bond Fund (ISTBF) Inception date: 1st January, 2013



Scheme (`)

Benchmark# (`)


Last 1 year 8.26 7.55 7.36 10,829 10,755 10,736

Last 3 years 8.12 7.68 6.82 12,638 12,487 12,188

Last 5 years 8.57 8.31 7.37 15,088 14,910 14,271

Since Inception 8.55 8.39 7.17 16,682 16,535 15,404

FM Managing this Scheme since 1st February 2017.# CRISIL Short Term Bond Fund Index, ## CRISIL 1 Year T-Bill Index.

IDBI Credit Risk Fund (ICRF) Inception date: 3rd March, 2014



Scheme (`)

Benchmark# (`)


Last 1 year 6.39 7.55 7.36 10,641 10,755 10,736

Last 3 years 7.76 7.68 6.82 12,514 12,487 12,188

Last 5 years 8.64 8.31 7.37 15,140 14,910 14,271

Since Inception 8.73 8.42 7.43 15,291 15,074 14,382


# Scheme Benchmark; ## Additional Benchmark as per SEBI Circular dated August 22, 2011.

Past performance may or may not be sustained in the future. Returns pertain to growth option under Direct Plan. The returns are Compounded Annual Growth Returns (CAGR) for past 1 year, 3 years, 5 years & since inception period and annualised for the period below 1 year. The Regular and Direct Plan of IDBI Mutual Fund have different expense structure.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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Tel. No.: (+91 22) 6644 2800 Fax No.: (+91 22) 6644 2801 All India Toll Free No.: 1800-419-4324

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• Minimum investment: Rs. 500 and multiples of Rs. 500 thereafter

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Instruments• Minimum 80% corpus invested in equity and equity

related instruments

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Exposure to Equity Market with investable amount as low as Rs. 500/-

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