Dear Friends, IDBI Mutual Fund is happy to announce the launch of IDBI Gilt Fund. e NFO opens on December 5, 2012 and closes on December 17, 2012. e scheme reopens for continuous subscription and repurchase at NAV related prices from December 27, 2012. e product is in tune with our objective of presenting a wide ranging and diversified product base, to meet various need and aspirations of all classes of investors. e Fund will invest in a diversified basket of ‘Gilts’ or ‘Government Securities’, as defined in the Public Debt Act, 1944, including central government dated securities, state government securities and treasury bills, across all durations. IDBI Gilt Fund addresses the need of those investors looking for investment options bearing zero-credit risk and adequate liquidity. is Fund will dynamically manage duration to optimize return. e Fund is an approved investment for exempt Provident Funds, Superannuation Funds, Gratuity Funds and New Pension Scheme. IDBI Gilt Fund has been structured in a customer friendly manner, with Exit Load only upto one month duration. In addition, the scheme has options of Fixed Tenor Trigger (FTT) Plan, with 3, 5, 7 and 10 years, with provision of automatic redemption for the full or partial amount invested. With growth under pressure, there is an all round expectation of rate cuts, with the elevated rates becoming unsustainable to meet the aspirations of a growing economy. We believe that this backdrop, alongwith the dynamic management proposed and investors friendly features, makes IDBI Gilt Fund, an ideal and compelling investment opportunity. We are sure you will greet and support this fund with as much enthusiasm as you have shown for all our products in the past. We look forward to make this new fund offer a grand success. ank you. With warm regards, Debasish Mallick M.D. & Chief Executive Officer
Transcript
Dear Friends,
IDBI Mutual Fund is happy to announce the launch of IDBI Gilt Fund. Th e NFO opens on December 5, 2012 and closes on December 17, 2012. Th e scheme reopens for continuous subscription and repurchase at NAV related prices from December 27, 2012. Th e product is in tune with our objective of presenting a wide ranging and diversifi ed product base, to meet various need and aspirations of all classes of investors.
Th e Fund will invest in a diversifi ed basket of ‘Gilts’ or ‘Government Securities’, as defi ned in the Public Debt Act, 1944, including central government dated securities, state government securities and treasury bills, across all durations. IDBI Gilt Fund addresses the need of those investors looking for investment options bearing zero-credit risk and adequate liquidity. Th is Fund will dynamically manage duration to optimize return. Th e Fund is an approved investment for
exempt Provident Funds, Superannuation Funds, Gratuity Funds and New Pension Scheme. IDBI Gilt Fund has been structured in a customer friendly manner, with Exit Load only upto one month duration. In addition, the scheme has options of Fixed Tenor Trigger (FTT) Plan, with 3, 5, 7 and 10 years, with provision of automatic redemption for the full or partial amount invested.
With growth under pressure, there is an all round expectation of rate cuts, with the elevated rates becoming unsustainable to meet the aspirations of a growing economy. We believe that this backdrop, alongwith the dynamic management proposed and investors friendly features, makes IDBI Gilt Fund, an ideal and compelling investment opportunity.
We are sure you will greet and support this fund with as much enthusiasm as you have shown for all our products in the past. We look forward to make this new fund off er a grand success.
Th ank you.
With warm regards,
Debasish MallickM.D. & Chief Executive Offi cer
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Equity Market Overview
Th e Nift y and Sensex ended the month on a strong note and was up by 4.2% each during the month, ending the month at 5879.85 and 19339.9 respectively. Th e month started with the RBI not relenting to pressure on rate-cuts and instead going for a token 25bps CRR cut.
India’s annual infl ation came at 7.45% compared with 7.81% in the previous month. Primary as well as food infl ation also saw a dip to 8.21% and 6.62% from 8.77% and 7.86% respectively in the previous month. Th is has raised hopes that the RBI may go for a rate cut in their next monetary policy review. Another factor which has added on to these hopes is the low IIP number of -0.4% for the month of September which was much below market expectation. Towards the end of the month, India’s Q2FY13 GDP was announced at 5.3% which was inline with market expectation and as is a clear indication that moderating investment and elevated infl ation has sapped expansion of the Indian economy.
Globally, aft er several failed negotiations, the euro zone’s fi nance ministers fi nally agreed to partly reschedule Greece’s debt, disburse a long-delayed tranche of aid worth 34.4bn Euros and alleviate the country’s fi nancial burden. China’s HSBC Manufacturing Index came at 50.4 in November compared to 49.5 in October thus marking the fi rst time in 13 months that the index has been in positive territory thus signalling growth for the nation’s manufacturing factor.
Global markets ended on a mixed note. While Nikkei and Hang Seng gained by 5.6% and 1.0% respectively during the month, the US markets ended on a negative note with Nasdaq down by 0.33% and Dow Jones by 1.56%. Th e Shanghai market saw the sharpest dip of 5.9% during the month mainly on account of nervousness in the country with regards to the country’s new leadership.
Most of the domestic sectoral indices ended on a positive note except BSE Oil & Gas (down by 0.9%). BSE Realty (10.8%) and BSE Consumer Durables (up by 9.7%) were the highest gainers during the month.
Source : Bloomberg
Source : Bloomberg
Fixed Income Overview
Th e month of November, aft er the frantic monetary policy expectations of last month, can at best be termed benign. Besides the fervent hope of positive action in the winter session of parliament, beginning November last week, there was no clear direction as to the progress of both the domestic and world economy. Th e winter session didn’t kick off with an auspicious start as the Opposition demanded a discussion and vote on the ‘FDI in retail’ imbroglio. In such a scenario, the fate of other crucial matters like insurance FDI, banking licenses, land acquisition etc. remains in the balance.
Stable infl ation, as refl ected in the YoY numbers of both CPI and WPI, may spur the RBI to rethink its stance on the monetary policy in the short-term. Meanwhile, crude prices faced some upward pressure due to escalating tensions in the Middle-East.
Systemic liquidity remained stretched as Government balance with RBI remained above Rs.60,000 crores. Issuances of Certifi cates of Deposit picked up, refl ecting in higher 2-month yields at 8.30-8.35%. Banks’ credit off -take from industry picked up, but still remained below estimates. Rupee/USD continued to remain volatile between 53.8/$ and 55.73/$, closing the month at 54.69/$.
RBI announced an OMO to be conducted on Dec 4, for Rs.12,000 crores which will help soft en the liquidity crunch during advance tax in mid-December. While market participants had been expecting such an action for the past couple of weeks, the announcement was met with optimism, with G-sec yields soft ening from 8.21% to 8.17%. In the near term, G-sec markets will be mainly infl uenced by OMO, policy action and fi scal defi cit numbers.
Going forward, we expect interest rates to remain range-bound with a soft ening bias in the medium term.
Source: Bloomberg News, IDBI Asset Management Ltd. - Internal Research
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Source : Bloomberg
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IDBI Nift y Index Fund(An open-ended passively managed equity scheme tracking the S&P CNX Nift y Index [Total Returns Index])
Dividend History ( Face Value: ` 10/- Per Unit)
Payout Date Dividend(in `)
Cum Dividend NAV* (in `) Ex Dividend NAV (in `)
IDBI Nift y Index Fund - Dividend15th October 2010 0.4000 11.5740 10.96281st September 2010 0.1200 10.2883 10.2886
Past performance may or may not be sustained in the future. Aft er the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV of the previous business day.
Scheme FeaturesInvestment objective:Th e investment objective of the scheme is to invest only in and all the stocks comprising the S&P CNX Nift y 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 S&P CNX Nift y index. Th e scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the S&P CNX Nift y index. Th e scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the S&P CNX Nift y index (Total Returns Index) and the Scheme.Benchmark:S&P CNX Nift y Index (Total Returns Index)Fund Manager: Mr. V. BalasubramanianInception Date: 25th June, 2010
NAV (as on 30th November 2012): Growth: ` 11.0999Dividend: ` 10.5866
Plans / Options :• Growth Plan• Dividend Plan
- Payout- Reinvestment- Sweep
Asset Allocation Pattern:
InstrumentIndicative allocation
(% of total assets) Risk Profi leMin. Max.
Stocks in the S&P CNX Nift y Index and derivative instruments linked to the S&P CNX Nift y Index
95% 100% Medium to High
Cash and Money Market Instruments including money at call but excluding Subscription and Redemption Cash Flow
0% 5% Low to Medium
Min. Application Amount:New Purchase – ` 5000/- and in multiples of ` 1/- thereaft erMin. Addl. Investment:` 1000/- and in multiples of ` 1/- thereaft erLoad Structure:Entry Load: Nil. Exit Load:1% for exit (repurchase / switch-out / SWP), on or before 1 year from the date of allotment.For SIP1% of Exit (repurchase / switch-out), on or before 1 year from the date of allotment of each installment. SIP: Monthly Option: ` 500/- per month for a minimum period of 12 months or ` 1,000/- per month for a minimum period of six months. Quarterly Option: ` 1,500/- per quarter for a minimum period of 4 quarters.Investments above the minimum amount mentioned must be made in multiples of ` 1/-.SWP:Minimum balance in the Scheme should be ̀ 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000/- and in multiples of ` 1/- thereaft er for a minimum period of 6 months.STP:Available
Security Name % To Net Assets*
EQUITY 103.65ITC Ltd. 9.02Reliance Industries Ltd. 7.26HDFC Ltd 7.22HDFC Bank Ltd. 7.11ICICI Bank Ltd. 7.05Infosys Technologies Ltd. 6.51Larsen & Toubro Ltd. 5.00Tata Consultancy Services Ltd. 3.73State Bank of India Ltd. 3.11Hindustan Unilever Ltd. 3.07Tata Motors Ltd. 2.68Oil & Natural Gas Corpn Ltd. 2.61Mahindra & Mahindra Ltd. 2.41Bharti Airtel Ltd. 2.24Axis Bank Ltd. 1.97Sun Pharmaceuticals Industries Ltd. 1.48Bajaj Auto Ltd. 1.43Tata Steel Ltd. 1.43Kotak Mahindra Bank Ltd. 1.40Coal India Ltd. 1.29Dr. Reddys Laboratories Ltd. 1.29Infrastucture Development Finance Co. Ltd. 1.19
Wipro Ltd. 1.13Asian Paints Ltd. 1.09Maruti Suzuki India Ltd. 1.08Cairn India Ltd. 1.08UltraTech Cement Ltd. 1.06Bharat Heavy Electricals Ltd. 1.03Hero MotoCorp Ltd. 0.98Tata Power Company Ltd. 0.97HCL Technologies Ltd. 0.96Power Grid Corporation of India Ltd. 0.93Gas Authority of India Ltd. 0.89Ambuja Cements Ltd. 0.88Jindal Steel & Power Ltd. 0.86Hindalco Industries Ltd. 0.84Lupin Ltd. 0.78ACC Ltd. 0.73Bank of Baroda Ltd. 0.71Jaiprakash Associates Ltd. 0.60Punjab National Bank Ltd. 0.58Bharat Petroleum Ltd. 0.50Ranbaxy Laboratories Ltd. 0.43DLF Ltd. 0.43Sesa Goa Ltd. 0.40Reliance Infrastructure Ltd. 0.37Siemens Ltd. 0.32CBLO, Cash & Cash Receivables -3.65Total 100.00
Portfolio as on 30/11/2012
Please refer to the ‘Important Note’ in SID for disclaimers of S&P and IISL with respect to the usage of S&P CNX Nift y Index
Scheme Performance as on 30/11/20121 Year Since Inception (25-June-2010)
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
IDBI Nift y Index Fund - Growth 19.08 11908.49 4.38 11099.90S&P CNX Nift y Index - TRI 20.68 12067.83 5.85 11485.33S&P CNX Nift y Index 19.10 11910.12 4.61 11159.22Source: Accord FintechDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. In addition to IDBI Nift y Index Fund, the Fund Manager manages 5 open ended schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the performance of IDBI India Top 100 Equity Fund and IDBI Gold Fund is not being published. Th e performance of other schemes is mentioned in the respective pages featuring their particulars.
* Rounded off to the nearest two digits aft er the decimal point.
Sector Classifi cation
AutomobilesBanksCementConstruction ProjectConsumer Non DurablesFerrous MetalsFinanceGasIndustrial Capital GoodsMinerals/MiningNon - Ferrous MetalsNon-Banks Finance CompanyOil Petroleum ProductsPharmaceuticalsPowerSoft wareTelecom - Services
8.58%
21.94%
3.26%
0.43%
14.37%
2.29%1.19%0.89%
1.69% 6.34%
0.84%
7.22%
3.69%
3.43%
5.16%
7.76%
12.33%
2.24%
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IDBI Nift y Junior Index Fund(An open-ended passively managed equity scheme tracking the CNX Nift y Junior Index (Total Returns Index)
Scheme FeaturesInvestment objective:Th e investment objective of the scheme is to invest only in and all the stocks comprising the CNX Nift y Junior 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 CNX Nift y Junior Index. Th e scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the CNX Nift y Junior Index as and when the derivative products on the same are made available. Th e scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nift y Junior Index (Total Returns Index) and the Scheme.Benchmark:CNX Nift y Junior Index (Total Returns Index)Fund Manager: Mr. V. BalasubramanianInception Date: 20th September, 2010
NAV (as on 30th November 2012): Growth: ` 9.2288Dividend: ` 9.2288
Plans / Options :• Growth Plan• Dividend Plan
- Payout- Reinvestment- Sweep
Asset Allocation Pattern:
InstrumentIndicative allocation
(% of total assets) Risk Profi leMin. Max.
Stocks in the CNX Nift y Junior Index and derivative instruments linked to the CNX Nift y Junior Index as and when the derivative products are made available on the same
95% 100% Medium to High
Cash and Money Market Instruments including money at call but excluding Subscription and Redemption Cash Flow
0% 5% Low to Medium
Min. Application Amount:New Purchase – ` 5000/- and in multiples of ` 1/- thereaft er
Min. Addl. Investment:` 1000/- and in multiples of ` 1/- thereaft er
Load Structure:Entry Load: Nil. Exit Load:1% for exit ( repurchase/switch-out/SWP/STP) on or before 1 year from the date of allotment.For SIP1% for exit(repurchase/switch-out/SWP/STP) on or before 1 year from the date of allotment of each installment.
SIP: Monthly Option: ` 500/- per month for a minimum period of 12 months or ` 1,000/- per month for a minimum period of six months. Quarterly Option: ` 1,500/- per quarter for a minimum period of 4 quarters.Investments above the minimum amount mentioned must be made in multiples of ` 1/-.
SWP:Minimum balance in the Scheme should be ̀ 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000/- and in multiples of ` 1/- thereafter for a minimum period of 6 months.
STP:Available
Security Name % To Net Assets*
EQUITY 99.47United Spirits Ltd. 5.55IndusInd Bank Ltd. 4.43Titan Industries Ltd. 3.97Yes Bank 3.55Zee Entertainment Enterprises Ltd. 3.24Colgate Palmolive (India) Ltd. 2.97GlaxoSmithkline Consumer Healthcare Ltd. 2.74
Glaxosmithkline Pharmaceuticals Ltd. 2.61The Federal Bank Ltd. 2.54Shriram Transport Finance Company Ltd. 2.53Bosch Ltd. 2.51LIC Housing Finance Ltd. 2.47Godrej Consumer Products Ltd. 2.42JSW Steel Ltd. 2.39Idea Cellular Ltd. 2.37Rural Electrification Corporation 2.33Divis Laboratories Ltd. 2.33Dabur India Ltd. 2.12Power Finance Corporation Ltd. 2.06Canara Bank Ltd. 2.02Exide Industries Ltd. 2.01Cummins India Ltd. 1.99Apollo Hospitals Enterprises Ltd. 1.98Glenmark Pharmaceuticals Ltd. 1.88Aditya Birla Nuvo Ltd. 1.79TATA Chemicals Ltd. 1.78
Security Name % To Net Assets*
Adani Ports and Special Economic Zone Ltd. 1.77
Union Bank of India Ltd. 1.68Adani Enterprises Ltd. 1.64Bajaj Holdings & Investment Ltd. 1.64Reliance Power Ltd. 1.64Bank of India Ltd. 1.59Petronet LNG Ltd. 1.52Oracle Financial Services Software Ltd. 1.48Steel Authority of India Ltd. 1.47Reliance Capital Ltd. 1.45Reliance Communications Ltd. 1.45Hindustan Petroleum Corporation Ltd. 1.43Container Corporation of India Ltd. 1.35Crompton Greaves Ltd. 1.31United Phosphorus Ltd. 1.22IDBI Bank Ltd. 1.15Ashok Leyland Ltd. 1.12Bharat Forge Ltd. 1.09Tech Mahindra Ltd. 1.01The Indian Hotels Co. Ltd. 0.96MphasiS Ltd. 0.86Torrent Power Ltd. 0.82GMR Infrastructure Ltd. 0.62Biocon Ltd. 0.60
CBLO, Cash & Cash Receivables 0.53Total 100.00
Portfolio as on 30/11/2012
* Rounded off to the nearest two digits aft er the decimal point.Scheme Performance as on 30/11/2012
1 Year Since Inception (20-Sept-2010)Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
IDBI Nift y Junior Index Fund-(G) 28.22 12822.05 -3.59 9228.80CNX Nift y Junior-TRI 30.06 13005.97 -2.29 9504.48S&P CNX Nift y 19.10 11910.12 -0.77 9831.79Source: Accord FintechDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. In addition to IDBI Nift y Junior Index Fund, the Fund Manager manages 5 open ended schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4 under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the performance of IDBI India Top 100 Equity Fund and IDBI Gold Fund is not being published. Th e performance of other schemes is mentioned in the respective pages featuring their particulars.
Disclaimer of IISL: Th e products on CNX Nift y Junior Index is not sponsored, endorsed, sold or promoted by India Index Services & Products Ltd. (IISL). IISL does not make and expressly disclaims any representation or warranty, express or implied (including warranties of merchantability or fi tness for particular purpose or use) regarding the advisability of investing in the products linked to CNX Nift y Junior Index or particularly in the ability of the CNX Nift y Junior Index to track general stock market performance in India. Please read the full Disclaimers in relation to the CNX Nift y Junior Index in the Scheme Information Document.
Sector Classifi cation
Auto AncillariesAutomobilesBanksConstruction ProjectConsumer Non DurablesFerrous MetalsFertilisers FinanceGasHealth-CareHotelsIndustrial Capital GoodsIndustrial ProductsMedia & EntertainmentPesticidesPetroleum ProductsPharmaceuticalsPowerSoft wareTelecom - ServicesTradingTransportation
16.97%
0.62%
21.56%
3.86%
1.78%12.48%
1.52%
1.98%
0.96%1.31%
3.08%
3.24%
1.22%
7.41%
1.43%
3.35%
2.46%
3.82%1.64%
3.14%2.51%
3.12%
6
IDBI India Top 100 Equity Fund(An open-ended growth Scheme)
Scheme FeaturesInvestment objective:To provide investors with opportunities for long-term growth in capital through active management of a diversifi ed basket of equity stocks, debt and money market instruments. Th e investment universe of the scheme will be restricted to equity stocks and equity related instruments of companies that are constituents of the S&P CNX Nift y Index (Nift y 50) and the CNX Nift y Junior Index comprising a total of 100 stocks. Th ese two indices are collectively referred to as the CNX 100 Index. Th e equity portfolio will be well-diversifi ed and actively managed to realize the Scheme objective.Benchmark:CNX 100 Index
Fund Manager: V. BalasubramanianInception Date: 15th May, 2012
NAV (as on 30th November 2012): Growth ` 11.9000
Quarterly Dividend ` 11.9000
Plans / Options :• Growth Plan• Dividend Plan
- Payout- Reinvestment- Sweep
Asset Allocation Pattern:
InstrumentIndicative Allocation Risk
Profi leMinimum Maximum
Equities and equity related instruments of constituents of the CNX 100 Index^ 70% 100% High
Debt and Money market instruments 0% 30% Low to Medium
^ Th e Scheme will invest in the equity and equity related instruments of only such companies which are the constituents of either the S&P CNX Nift y Index (Nift y 50) and the CNX Nift y Junior Indices (Nift y Junior) comprising a combined universe of 100 stocks. Th ese two indices are collectively referred to as the CNX 100 Index.
Min. Application Amount:New Purchase - ` 5000 and in multiples of ` 1/- thereaft er.
Min. Addl. Investment:` 1000 and in multiples of ` 1/- thereaft er.
Load Structure:Entry Load: NilExit Load: 1% for exit (repurchase/switch-out/transfer) on or before 1 year from the date of allotment.For SIP: 1% for exit (repurchase/switch-out) on or before 1 year from the date of allotment of each installment of withdrawal.
SIP: Monthly Option:` 500 and in multiples of ` 1/- thereaft er, per month, for a minimum period of 12 months or ` 1000 and in multiples of ` 1/- thereaft er, per month, for a minimum period of 6 months.Quarterly Option:` 1500 and in multiples of ` 1/- thereaft er, per quarter, for a minimum period of 4 quarters.
SWP:Minimum balance in the Scheme should be ` 25,000 at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000 and in multiples of ` 1 thereaft er for a minimum period of 6 months.
STP:Available
Security Name % To Net Assets*
EQUITY 97.80ICICI Bank Ltd. 8.58Mahindra & Mahindra Ltd. 8.31Larsen & Toubro Ltd. 7.48Bajaj Auto Ltd. 7.15HDFC Ltd. 6.58Dr. Reddys Laboratories Ltd. 6.39Hindustan Unilever Ltd. 5.25Tata Consultancy Services Ltd. 4.36Maruti Suzuki India Ltd. 4.31Aditya Birla Nuvo Ltd. 4.15HDFC Bank Ltd. 4.12CIPLA Ltd. 4.04
*Rounded off to the nearest two digits aft er the decimal point.
Sector Classifi cation
25.55%
11.37%
16.55%
2.63%
8.79%
3.83%
1.55%
6.58%
3.86%
12.73%
4.36%
AutomobilesBanksConsumer Non DurablesFerrous MetalsFertilisers Industrial Capital GoodsIndustrial ProductsNon-Banks Finance CompanyOilPharmaceuticalsSoft ware
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Asset Profi le
IDBI Liquid Fund(An open-ended liquid scheme)
Scheme FeaturesInvestment objective:Th e investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. Th e 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.Benchmark:CRISIL Liquid Fund IndexFund Manager: Mr. Gautam KaulInception Date: 9th July, 2010
NAV (as on 30th November 2012): Growth ` 1223.9098Daily Dividend ` 1000.1093Weekly Dividend ` 1001.3650Monthly Dividend ` 1000.9784
Money market instruments with maturity/residual maturity up to 91 days
50% 100% Low
Debt instruments (including fl oating rate debt instruments and securitized debt)* with maturity/residual maturity/ interest rate resets up to 91 days
0% 50% Low to Medium
* Investment is securitized debt not to exceed 50% of the net assets of the Scheme. Investment in Derivatives will be up to 50% of the net assets of the Scheme. Th e Scheme does not propose to invest in foreign securities.
Min. Application Amount:New Purchase – ` 5000/- and in multiples of ` 1/- thereaft erMin. Addl. Investment:` 1000/- and in multiples of ` 1/- thereaft erLoad Structure:Entry Load: Not ApplicableExit Load : NilSIP: Monthly Option:` 500/- per month for a minimum period of 12 months or ` 1,000/- per month for a minimum period of 6 months Quarterly Option:` 1,500/- per quarter for a minimum period of 4 quarters. Investments above the minimum amount mentioned must be made in multiples of ` 1/-.SWP:Minimum balance in the Scheme should be ` 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000/- and in multiples of ` 1/- thereaft er for a minimum period of 6 months.STP:Available
Issuer Rating % To Net Assets*
CERTIFICATES OF DEPOSITS (CD) 60.04Kotak Mahindra Bank Ltd. CRISIL A1+ 8.33Allahabad Bank Ltd. ICRA A1+ 7.66Bank of Maharashtra CRISIL A1+ 7.27Indian Overseas Bank Ltd. ICRA A1+ 5.11Punjab & Sind Bank Ltd. ICRA A1+ 5.10Oriental Bank of Commerce CRISIL A1+ 3.95Punjab National Bank Ltd. CARE A1+ 3.85Axis Bank Ltd. ICRA A1+ 3.06Indian Bank FITCH A1+ 2.56Union Bank of India Ltd. CRISIL A1+ 2.53ING Vysya Bank Ltd. CRISIL A1+ 1.92ICICI Bank Ltd. ICRA A1+ 1.92Syndicate Bank Ltd CARE A1+ 1.92Canara Bank Ltd. CRISIL A1+ 1.41Th e South Indian Bank Ltd. CARE A1+ 1.27Axis Bank Ltd. CRISIL A1+ 0.77Central Bank of India CARE A1+ 0.64Karur Vysya Bank ICRA A1+ 0.63State Bank of Bikaner & Jaipur CRISIL A1+ 0.13COMMERCIAL PAPER (CP) 38.94Magma Fincorp Ltd. CARE A1+ 3.20Srei Equipment Finance Pvt. Ltd. ICRA A1+ 3.20Edelweiss Financial Services Ltd. CRISIL A1+ 3.20Religare Finvest Ltd. ICRA A1+ 3.18Indian Oil Corporation Ltd. ICRA A1+ 2.94National Housing Bank ICRA A1+ 2.56
TGS Investment & Trade Pvt. Ltd. ICRA A1+ 1.92HDFC Ltd. ICRA A1+ 1.52Aditya Birla Finance Ltd. ICRA A1+ 1.28Indian Oil Corporation Ltd. CRISIL A1+ 1.28Shriram Equipment Finance Co. Ltd. CRISIL A1+ 1.27IDFC Primary Dealership Company Ltd. ICRA A1+ 1.27Mas Financial Services Ltd. (SBLC:IDBI Bank) CRISIL A1+ 1.27
JM Financial Services Pvt. Ltd. CRISIL A1+ 0.89Godrej Industries Ltd. ICRA A1+ 0.77Apollo Tyres CRISIL A1+ 0.76Fullerton India Credit Company Ltd. ICRA A1+ 0.64Gujarat Fluorochemicals Ltd. CRISIL A1+ 0.64Shapoorji Pallonji and Co. Ltd. ICRA A1+ 0.64Adani Ports and Special Economic Zone Ltd.. ICRA A1+ 0.64
Tata Capital Financial Services Ltd. ICRA A1+ 0.64Trapti Trading & Investments Pvt. Ltd. ICRA A1+ 0.63JM Financial Products Pvt. Ltd. CRISIL A1+ 0.63Surya Roshni Ltd. (SBLC : IDBI Bank) ICRA A1+ 0.51
Past performance may or may not be sustained in the future. Aft er the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. For complete dividend history including daily dividend history, please refer to our website. * NAV of the previous business day.
*Rounded off to the nearest two digits aft er the decimal point.
Scheme Performance as on 30/11/20121 Year Since Inception (9-July-2010) Annualized (%)
Returns in CAGR(%)
Returns on Investment
of ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investment
of ` 10,000/- (in ` )
1 Week 2 Week 1 Month
IDBI Liquid Fund-(G) 9.72 10972.49 8.79 12239.10 8.36 8.35 8.37Crisil Liquid Fund Index 8.56 10856.28 7.95 12013.70 7.62 7.69 7.65Crisil 1 Year T-Bill Index 7.98 10798.20 6.35 11590.16 7.95 7.72 7.61
Source: Accord FintechDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. In addition to IDBI Liquid Fund, the fund manager manages four open ended schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4 under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the performance of IDBI Dynamic Bond Fund is not being published. Th e performance of other schemes are mentioned in the respective pages featuring their particulars.
YTM : 8.44 % Average Maturity : 18.06 (days)Modifi ed Duration : 18.06 (days)
CP38.94%
CD60.04%
CBLO, Cash & Cash Equivalent1.03%
8
* Rounded off to the nearest two digits aft er the decimal point.(Asset includes subscription money received & utilized on 30th November 2012)
IDBI Ultra Short Term Fund(An open-ended debt scheme)
Dividend History (for the past 1 month) ( Face Value: ` 1000/- Per Unit)
IDBI Ultra Short Term Fund - Monthly Dividend27th November, 2012 5.5528 4.7593 1011.2986 1005.2206
Past performance may or may not be sustained in the future. Aft er the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. For complete dividend history including daily dividend history, please refer to our website. * NAV of the previous business day.
Scheme FeaturesInvestment objective:Th e objective of the Scheme will be to provide investors with regular income for their investment. Th e Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a diversifi ed portfolio of money market and debt instruments with maturity predominantly between a liquid fund and a short term fund while maintaining a portfolio risk profi le similar to a liquid fund.
Benchmark:CRISIL Liquid Fund Index
Fund Manager: Mr. Gautam Kaul
Inception Date: 3rd September, 2010
NAV (as on 30th November 2012): Growth ` 1217.1770Daily Dividend ` 1000.8605Weekly Dividend ` 1003.7821Monthly Dividend ` 1005.9501
Profi leMin. Max.Money market instruments/debt instruments (including fl oating rate debt instruments and securitized debt*) with maturity/residual maturity up to 1 year (or 365 days)
80% 100% Low to Medium
Debt instruments (including fl oating rate debt instruments and securitized debt*) with duration/maturity/residual maturity above 1 year
0% 20% Medium
It is the intent of the Scheme to maintain the average maturity of the portfolio within a range of 30 days to 120 days under normal market conditions depending on the fund manager’s assessment of various parameters including interest rate environment, liquidity and macro-economic factors. However, the maturity profi le of the scheme can undergo a change in case the market conditions warrant and at the discretion of the fund manager.*Investment in Securitized Debt not to exceed 50% of the net assets of the Scheme. Investment in Derivatives will be upto 50% of the net assets of the Scheme.
Min. Application Amount:New Purchase – ` 5000/- and in multiples of ` 1/- thereaft erMin. Addl. Investment:` 1000/- and in multiples of ` 1/- thereaft erLoad Structure:Entry Load: Not ApplicableExit Load : NilSIP: Daily Option:` 500/- per day for a minimum of 30 installments continuously for all business days.Monthly Option:` 500/- per month for a minimum period of 12 months or ` 1,000/- per month for a minimum period of 6 months Quarterly Option:` 1,500/- per quarter for a minimum period of 4 quarters .Investments above the minimum amount mentioned must be made in multiples of ` 1/-.SWP:Minimum balance in the Scheme should be ` 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000/- and in multiples of ` 1 thereaft er for a minimum period of 6 months.
STP:Available
Issuer Rating % To
Net Assets*
CERTIFICATES OF DEPOSITS (CD) 52.67Allahabad Bank Ltd. ICRA A1+ 6.65Oriental Bank of Commerce CRISIL A1+ 6.63Punjab & Sind Bank Ltd. ICRA A1+ 6.57State Bank of Mysore ICRA A1+ 6.57State Bank of Bikaner & Jaipur CRISIL A1+ 6.21IndusInd Bank Ltd. CRISIL A1+ 5.98United Bank of India CARE A1+ 3.32Th e South Indian Bank Ltd. CARE A1+ 3.29Karur Vysya Bank CRISIL A1+ 3.28UCO Bank CRISIL A1+ 3.18ING Vysya Bank Ltd. CRISIL A1+ 0.66Punjab National Bank Ltd. CARE A1+ 0.36COMMERCIAL PAPER (CP) 39.50Religare Finvest Ltd. ICRA A1+ 9.75Mahindra & Mahindra Financial Services Ltd. CRISIL A1+ 3.32
Fullerton India Credit Company Ltd. ICRA A1+ 3.32
Issuer Rating % To
Net Assets*
Srei Equipment Finance Pvt. Ltd. ICRA A1+ 3.32Shapoorji Pallonji And Co Ltd. ICRA A1+ 3.31Trapti Trading & Investments Pvt. Ltd. ICRA A1+ 3.31
Surya Roshni Ltd. (SBLC : PNB Bank)
ICRA A1+(SO) 3.31
Adani Ports and Special Economic Zone Ltd. ICRA A1+ 3.30
Birla TMT Holdings Pvt Ltd (Aditya Birla Group) CRISIL A1+ 3.28
JM Financial Services Pvt. Ltd. CRISIL A1+ 1.99Morgan Stanley India Capital Pvt. Ltd. FITCH A1+ 1.30
FIXED COUPON BOND 5.98Jindal Power Ltd. ICRA AA 3.33Volkswagen Finance Pvt. Ltd. AAA (IND) 2.66CBLO, Cash & Cash Receivables 1.84Total 100.00
Portfolio as on 30/11/2012
Scheme Performance as on 30/11/2012 1 Year Since Inception (3-Sept-2010)
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
IDBI Ultra Short Term Fund-(G) 9.66 10966.35 9.15 12171.77Crisil Liquid Fund Index 8.56 10856.28 8.12 11913.56Crisil 1 Year T-Bill Index 7.98 10798.20 6.66 11556.92Source: Accord FintechDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. In addition to IDBI Ultra Short Term Fund, the fund manager manages Four open ended schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4 under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the performance of IDBI Dynamic Bond Fund is not being published. Th e performance of other schemes are mentioned in the respective pages featuring their particulars.
YTM : 8.74 % Average Maturity : 73.42 (days)Modifi ed Duration : 70.79 (days)
Asset Profi le
CD52.67%
CP39.50%
Fixed Coupon Bond5.98%
CBLO, Cash & Cash Equivalent1.84%
9
Dividend History (for the last 1 month) ( Face Value: ` 10/- Per Unit)
Payout Date Individual / HUFDividend (in `)
Others Dividend(in `)
Cum DividendNAV* (in `)
Ex DividendNAV (in `)
IDBI Monthly Income Plan - Monthly Dividend27th November, 2012 0.0529 0.0453 10.4550 10.4218
Past performance may or may not be sustained in the future. Aft er the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. For complete dividend history please refer to our website. * NAV of the previous business day.
IDBI Monthly Income Plan(An open ended Income Scheme. Monthly Income is not assured and is subject to availability of distributable surplus)
Scheme FeaturesInvestment objective:Th e investment objective of the scheme would be to provide regular income along with opportunities for capital appreciation through investments in a diversifi ed basket of debt instruments, equity and money market instruments.
Benchmark:CRISIL MIP Blended IndexFund Manager: Mr. Gautam Kaul & Mr. V. Balasubramanian Inception Date: 7th March, 2011
NAV ( as on 30th November 2012): Growth ` 11.4675Monthly Dividend ` 10.4719Quarterly Dividend ` 10.4968
Profi leMin. Max.Debt instruments (including fl oating rate debt instruments and securitized debt*) and money market instruments
80% 100% Low to Medium
Equity and equity related instruments^ 0% 20% Medium to High
*Investment in Securitized Debt will be only in investment grade rated papers and will not to exceed 25% of the net assets of the Scheme.^Th e Scheme will invest in the equity and equity related instruments of only such companies which are the constituents of either the S&P CNX Nift y Index (Nift y 50) or the CNX Nift y Junior Index (Nift y Junior) comprising a combined universe of 100 stocks. Th ese two indices are collectively referred to as the CNX 100 Index. Th e equity portfolio will be well-diversifi ed and actively managed to ensure the scheme’s investment objectives are realized.
Min. Application Amount:New Purchase – ` 5000/- and in multiples of ` 1/- thereaft erMin. Addl. Investment:` 1000/- and in multiples of ` 1/- thereaft erLoad Structure:Entry Load: NilExit Load:1% for exit up to 12 months from the date of allotment.For SIP1% for exit up to 12 months from the date of allotment of each installment.SIP: Monthly Option:` 500/- per month for a minimum period of 12 months or ` 1,000/- per month for a minimum period of 6 months Quarterly Option:` 1,500/- per quarter for a minimum period of 4 quarters .Investments above the minimum amount mentioned must be made in multiples of ` 1/-.SWP:Minimum balance in the scheme should be ` 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1000/- and in multiples of ` 1/- thereaft er for a minimum period of 6 months. STP:Available
State Bank of Hyderabad ICRA A1+ 10.47Th e Federal Bank Ltd. CRISIL A1+ 1.07IndusInd Bank Ltd. CRISIL A1+ 0.32Andhra Bank Ltd. CARE A1+ 0.14
COMMERCIAL PAPER 15.74Fullerton India Credit Company Ltd. ICRA A1+ 10.58
Morgan Stanley India Capital Pvt. Ltd. FITCH A1+ 5.16
CBLO, Cash & Cash Receivables 3.33
TOTAL 100.00
Portfolio as on 30/11/2012
* Rounded off to the nearest two digits aft er the decimal point.(Asset includes subscription money received & utilized on 30th November 2012)
Scheme Performance as on 30/11/2012 1 Year Since Inception (7- March 2011)
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
IDBI Monthly Income Plan-(G) 10.02 11001.58 8.20 11467.50Crisil MIP Blended Index 11.07 11106.83 8.01 11432.15Crisil 10 Year Gilt Index 10.74 11073.59 5.58 10989.62Source: Accord FintechDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. Th e equity portion of IDBI Monthly Income Plan is handled by the same Fund Manager managing 3 other open ended equity schemes, IDBI Gold Exchange Traded Fund and IDBI Gold Fund of IDBI Mutual Fund. Th e debt portion of the scheme is handled by the same Fund Manager managing 4 other open ended debt schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4 under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/DF/13/ 2011 dated August 22, 2011, the performance of IDBI Dynamic Bond Fund, IDBI India Top 100 Equity Fund and IDBI Gold Fund is not being published. Th e performance of other schemes is mentioned in the respective pages featuring their particulars.
Asset Profi le
CP15.74%
CBLO, Cash & Cash Equivalent3.33%
Government Securities28.39%
Bonds / Debentures 22.73%
Equity17.80%
CD12.00%
YTM : 8.95 % Average Maturity : 6.37 (Years)Modifi ed Duration : 3.49 (Years)
10
Dividend History (for the past 1 month) ( Face Value: ` 10/- Per Unit)
Payout Date Individual / HUFDividend (in `)
Others Dividend(in `)
Cum DividendNAV* (in `)
Ex DividendNAV (in `)
IDBI Short Term Bond Fund - Weekly Dividend27th November, 2012 0.0101 0.0087 10.1102 10.101320th November, 2012 0.0119 0.0102 10.1122 10.100915th November, 2012 0.0115 0.0099 10.1118 10.10396th November, 2012 0.0010 0.0008 10.0998 10.1021IDBI Short Term Bond Fund - Monthly Dividend27th November, 2012 0.0575 0.0493 10.1613 10.0986
Past performance may or may not be sustained in the future. Aft er the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. For complete dividend history, please refer to our website. * NAV of the previous business day.
IDBI Short Term Bond Fund(An open-ended debt scheme)
Scheme FeaturesInvestment objective:Th e objective of the Scheme will be to provide investors with regular income for their investment. Th e Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a diversifi ed portfolio of debt and money market instruments.Benchmark:Crisil Short Term Debt Index (earlier known as Crisil Short Term Bond Fund Index)Fund Manager: Mr. Gautam KaulInception Date: 23rd March, 2011
NAV (as on 30th November 2012): Growth ` 11.6611Weekly Dividend ` 10.1089Monthly Dividend ` 10.1062
Profi leMin. Max.Money market instruments/debt instruments (including fl oating rate debt instruments and securitized debt)* with maturity/residual maturity up to and including 2 years
65% 100% Low
Debt instruments (including fl oating rate debt instruments and securitized debt)* with duration/ maturity/residual maturity above 2 years and not exceeding 3 years
0% 35% Low to Medium
It is the intent of the Scheme to maintain the duration of the portfolio below 2 years under normal market conditions depending on the fund manager’s assessment of various parameters including interest rate environment, liquidity and macro-economic factors. However, the maturity profi le of the scheme can undergo a change in case the market conditions warrant and at the discretion of the fund manager. Under no circumstances the average maturity/duration of the portfolio will exceed 3 years.* Investment in Securitized Debt not to exceed 25% of the net assets of the Scheme. Investment in Derivatives will be up to 50% of the net assets of the Scheme. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time. Th e gross investment in securities under the scheme, which includes money market instruments, debt instruments including fl oating rate debt instruments and securitized debt, and gross exposure to derivatives will not exceed 100% of the net assets of the scheme.
Min. Application Amount:New Purchase – ` 5000/- and in multiples of ` 1/- thereaft er
Min. Addl. Investment:` 1000/- and in multiples of ` 1/- thereaft er
Load Structure:Entry Load: Not ApplicableExit Load:0.65% for exit within 6 months from the date of allotment.For SIP0.65% for exit within 6 months from the date of allotment of each installment.SIP: Monthly Option:` 500 per month for a minimum period of 12 months or ` 1,000 per month for a minimum period of 6 months Quarterly Option:` 1,500 per quarter for a minimum period of 4 quarters .Investments above the minimum amount mentioned must be made in multiples of ` 1/-.SWP:Minimum balance in the Scheme should be ` 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000/- and in multiples of Re.1/- thereaft er for a minimum period of 6 monthsSTP:Available
* Rounded off to the nearest two digits aft er the decimal point.
Issuer Rating %To Net Assets*
CERTIFICATE OF DEPOSITS (CD) 14.87State Bank of Hyderabad ICRA A1+ 5.81Punjab National Bank Ltd. CARE A1+ 3.98Central Bank of India CARE A1+ 1.99Indian Overseas Bank Ltd. ICRA A1+ 1.51Axis Bank Ltd. CRISIL A1+ 0.81Vijaya Bank CARE A1+ 0.79
COMMERCIAL PAPER (CP) 11.62
Fullerton India Credit Company Ltd
ICRA A1+ 3.91
IL&FS Financial Services Ltd. ICRA A1+ 3.82Morgan Stanley India Capital Pvt. Ltd. FITCH A1+ 1.91
Power Finance Corporation Ltd. CRISIL A1+ 1.90TGS Investment & Trade Pvt. Ltd. ICRA A1+ 0.08
Scheme Performance as on 30/11/2012 1 Year Since Inception (23 -March-2011)
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
IDBI Short Term Bond Fund-(G) 10.00 10999.58 9.50 11661.10Crisil Short Term Debt Index 9.22 10921.78 8.81 11537.52Crisil 1 Year T-bill Index 7.98 10798.20 7.22 11252.47Source: Accord FintechDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. In addition to IDBI Short Term Bond Fund, the fund manager manages Four open ended schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4 under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the performance of IDBI Dynamic Bond Fund is not being published. Th e performance of other schemes are mentioned in the respective pages featuring their particulars.
YTM : 9.03 % Average Maturity : 1.64 (Years)Modifi ed Duration : 1.40 (Years)
Asset Profi le
CBLO, Cash & Cash Equivalent6.24%
CD14.87%
CP11.62%
FCB67.26%
11
IDBI Dynamic Bond Fund(An open-ended debt scheme)
Scheme FeaturesInvestment objective:Th e objective of the Scheme is to generate income while maintaining liquidity through active management of a portfolio comprising of debt and money market instruments.Benchmark:Crisil Long Term Debt Index(earlier known as Crisil Composite Bond Fund Index)Fund Manager: Mr. Gautam KaulInception Date: 21st February 2012
NAV (as on 30th November 2012 ): Growth ` 10.7190Quarterly Dividend ` 10.4658Annual Dividend ` 10.7185
Debt instruments (including fi xed/fl oating rate debt instruments, government securities and securitized debt*)
0% 100% Low to Medium
Money Market Instruments 0% 100% Low
*Investment in Securitized Debt not to exceed 25% of the net assets of the Scheme.Investment in Derivatives will be up to 50% of the net assets of the Scheme. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time. Th e gross investment in securities under the scheme, which includes Money market instruments, debt instruments including fl oating rate debt instruments and securitized debt, and gross exposure to derivatives will not exceed 100% of the net assets of the scheme.
Min. Application Amount:` 5000/- and in multiples of ` 1 thereaft er.
Min. Addl. Investment:` 1000/- and in multiples of ` 1 thereaft er.
Load Structure:Entry Load: Not ApplicableExit Load:1% for exit (Redemption/ switch-out/Transfer/ Systematic Withdrawal Plan) within 1 year from the date of allotmentFor SIP1% for exit(repurchase/switch-out/SWP/STP) on or before 1 year from the date of allotment of each installment.SIP: Monthly Option:` 500/- and in multiples of ` 1 thereaft er for a minimum period of 12 months or ` 1000/- and in multiples of ` 1 thereaft er per month for a minimum period of six months.Quarterly Option:` 1500/- and in multiples of ` 1 per quarter thereaft er for a minimum period of four quarters.
SWP:Minimum balance in the Scheme should be ` 25,000/- at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000/- and in multiples of ` 1 thereaft er for a minimum period of 6 monthsSTP:Available
* Rounded off to the nearest two digits aft er the decimal point.
Issuer Rating % To Net Assets*
CERTIFICATE OF DEPOSITS (CD) 1.01ICICI Bank Ltd. ICRA A1+ 1.01COMMERCIAL PAPER (CP) 9.70Morgan Stanley India Capital Private Ltd. FITCH A1+ 4.83Fullerton India Credit Company Ltd. ICRA A1+ 1.65IL&FS Financial Services Ltd. ICRA A1+ 1.61Power Finance Corporation Ltd. CRISIL A1+ 1.61FIXED COUPON BOND (FCB) 43.38National Bank of Agriculture & Rural Development CRISIL AAA 6.91Reliance Gas Transportation Infrastructure Ltd. CARE AAA 5.26Rural Electrifi cation Corporation CRISIL AAA 5.20Power Finance Corporation Ltd. CRISIL AAA 5.13Reliance Ports & Terminals Ltd. CRISIL AAA 3.65Rural Electrifi cation Corporation FITCH AAA 3.48Fullerton India Credit Company Ltd. ICRA AA+ 3.44Exim Bank CRISIL AAA 3.44HDFC Ltd. CRISIL AAA 3.43LIC Housing Finance Ltd. CRISIL AAA 1.74Sterlite Industries (India) Ltd. CRISIL AA+ 1.71GOVERNMENT SECURITY (GS) 42.57Government of India SOV 42.57CBLO & Cash “n” Call Assets & Receivables 3.35Total 100.00
Portfolio as on 30/11/2012
YTM : 8.88 % Average Maturity : 11.04 (Years)Modifi ed Duration : 5.55 (Years)
Asset Profi le
CBLO, Cash & Cash Equivalent3.35%
Government Securities42.57%
CD1.01%
FCB43.38%
CP9.70%
12 12
Security Name % To Net Assets*
Units of IDBI Gold ETF 98.69CBLO, Cash “n” Call Assets & Receivables 1.31 Total 100.00
Portfolio as on 30/11/2012
* Rounded off to the nearest two digits aft er the decimal point.
Th e AMC has estimated that annual recurring expenses of up to 0.95% p.a. of the daily net assets may be charged to the Scheme. Th e Total Expense Ratio(TER) including the expenses of the underlying scheme will not exceed 1.70% p.a. of the daily net assets. Th e maximum TER aft er including the additional expense towards distribution of assets to cities beyond Top 15 cities, if any, that may be charged to the Scheme will not exceed 2.00% p.a of the daily net assets.”
Asset Profi le
CBLO, Cash & Cash Equivalents1.31%
Units of IDBI Gold ETF
98.69%
IDBI Gold Fund(An open-ended fund of funds scheme)
Scheme FeaturesInvestment objective:Th e investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.Benchmark:Domestic price of Gold
Fund Manager: V. BalasubramanianInception Date: 14th August, 2012
NAV (as on 30th November 2012 ): Growth ` 10.3347
Plans / Options :• Growth Option
Asset Allocation Pattern:
InstrumentIndicative Allocation Risk
Profi leMinimum Maximum
Units of IDBI Gold Exchange Traded Fund 95% 100% Medium to High
Reverse repo/ Short-Term Fixed Deposits/ Money Market Instruments and in IDBI Liquid Fund Scheme of IDBI Mutual Fund
0% 5% Low
Min. Application Amount:New Purchase - ` 5000 and in multiples of ` 1/- thereaft er.
Min. Addl. Investment:` 1000 and in multiples of ` 1/- thereaft er.
Load Structure:Entry Load: NilExit Load:1% for exit within 12 months from the date of allotment.For SIP1% for exit on or before 1 year from the date of allotment of each installment of withdrawal.SIP: Monthly Option:` 500 and in multiples of ` 1/- thereaft er, per month, for a minimum period of 12 months or ` 1000 and in multiples of ` 1/- thereaft er, per month, for a minimum period of 6 months.Quarterly Option:` 1500 and in multiples of ` 1/- thereaft er, per quarter, for a minimum period of 4 quarters.
SWP:Minimum balance in the Scheme should be ` 25,000 at the time of enrollment for SWP. Minimum amount for each withdrawal should be ` 1,000 and in multiples of ` 1/- thereaft er for a minimum period of 6 months.
Portfolio as on 30/11/2012Scheme FeaturesInvestment objective:To invest in physical gold with the objective to replicate the performance of gold in domestic prices. Th e 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.Benchmark:Domestic price of physical goldFund Manager: Mr. V. BalasubramanianInception Date: 9th November, 2011NAV ( as on 30th November 2012):
NAV ` 3147.5166Physical Gold Price* ` 3183.7389Cash Component ` -36.2223* Source: Bank of Nova Scotia (Custodian for IDBI Gold ETF)
* Rounded off to the nearest two digits aft er the decimal point.
Asset Allocation Pattern:Instrument Indicative Allocation Risk Profi leMinimum MaximumPhysical Gold 95% 100% Medium
Debt & Money Market Instrument 0% 5% Low to MediumTh e Gross investment under the scheme, which includes physical gold, debt securities and money market instruments, will not exceed 100% of the net assets of the scheme.
Listing: Th e Scheme is listed on National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE).
Load Structure: Entry Load: Not ApplicableExit Load: Nil
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. Th e 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. Th e investors are advised to refer to the SID for the full text of the ‘Disclaimer Clause of BSE Ltd.’
Scheme Performance as on 30/11/2012 1 Year Since Inception (9-November 2012)
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
Returns in CAGR (%)
Returns on Investmentof ` 10,000/- (in ` )
IDBI Gold Exchange Traded Fund 6.42 10642.17 7.98 10847.66Domestic Price of Physical Gold 7.54 10753.82 9.10 10967.80
Source: Accord Fintech & Internal ResearchDisclaimer: Past Performance may or may not be sustained in the future. Returns pertain to growth plan. Th e returns in Rs. are point to point returns on a standard investment of Rs.10,000. Th e returns are inclusive of the amount invested. In addition to IDBI Gold ETF, the Fund Manager manages 5 open ended schemes of IDBI Mutual Fund. However, in compliance to clause 3 & 4under the title ‘Transparency of Information’ in the SEBI circular Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, the performance of IDBI India Top 100 Equity Fund and IDBI Gold Fund is not being published. Th e performance of other schemes is mentioned in the respective pages featuring their particulars.
