Top Schemes of IDBI Mutual Funds Where You Should Invest in

As per the research conducted by a top investment association, it is found out that top-performing mutual funds underperform their benchmark for approximately three years or less. This research shows that once you invest, you need to be patient as time has the power to give better rewards. In this league, IDBI Mutual Fund has been providing the outstanding returns over the past years. Sponsored by IDBI Bank, IDBI AMC has been incorporated in January 2010, under the Companies Act, 1956. Its main mission is to providing financial inclusion to every common man out there, informing people about mutual funds, and offering to prosper in the capital markets. The advisers of the financial market have been researching continuously for providing you with the best details for capital appreciation. Therefore, the best mutual funds of IDBI to invest are listed as under:

1. IDBI Equity Advantage Fund
It is an open-ended equity scheme with a statutory lock-in period of 3 years which helps you in tax savings. It is an ELSS scheme and is good for the investors who have a moderately high-risk appetite. The fund provides tax benefit under Section 80C of Income Tax Act, 1961.rnIt provides the growth and dividend option and is managed by Mr V. Balasubramanian. It follows the benchmark of S&P BSE 200 Index-TRI. The investors seeking long-term capital appreciation must invest in the fund. Past Return Analysis: The fund has AUM of Rs 693 Cr as on April 30, 2018. The fund has provided highest returns of 71.18% in the year 2014. In 2016, it has nil returns, and in 2017, it has 35.33% returns. The fund has provided trailing returns of 9.10% for 3 years.
2. IDBI Diversified Equity Fund
It is a multi-cap fund which invests in equity and equity-related securities across market capitalization. The fund is managed by Mr Ashish Mishra and it follows the benchmark of S&P BSE 500 Index-TRI.rnThe fund provides the option of growth, dividend, and dividend re-investment. The fund is for investors who have a moderately high-risk appetite and seeking long-term capital appreciation. Past Return Analysis: The fund has an AUM of Rs 388 Cr as on April 30, 2018. It is providing lower returns than that of its benchmark. The returns of the fund in the year 2016 were -0.96 and in 2017 were 30.98. The fund has trailing returns of 8.04% for 3 years.
3. IDBI Liquid Fund
rnIt is an open-ended liquid fund, managed by Mr Raju Sharma and has the asset under management of Rs 6,776 Cr as on Apr 30, 2018. It offers the growth and dividend options.rnThe fund offered by IDBI MF follows the benchmark of CRISIL Liquid Fund Index. The fund invests in the debt and money market securities which have residual maturity period of 91 days. rnIt is a low-risk fund offering the high level of liquidity. The investors who are seeking short-term capital gain may invest in it. Past Return Analysis: With the NAV of Rs 1869.0549 as on May 25, 2018, the fund has performed consistently well in all the years from its launch. The fund has given highest returns in 2012 of 9.68%. In 2016 and 2017, its returns were 7.55% and 6.6%, respectively.
4. IDBI Ultra Short Term Fund (G)
It is an open-ended ultra short-term fund that invests its portfolio in the instruments which has a maturity period of 3 to 6 months. The fund is managed by Mr Bhupesh Kalyani.rnIt is following the benchmark of CRISIL Liquid Fund Index providing the options of growth and dividend. The AUM of the fund is Rs 479 Cr as on April 30, 2018. The fund offers a moderately low-risk profile and provides short-term income to investors. Past Return Analysis: The fund has the NAV of Rs 1831.8339 as on May 25, 2018. It has performed consistently well in the past years, providing better returns than its benchmark. The returns of the fund in the year 2016 were 3.13% higher than the benchmark, and in 2017, it is 1.75% higher.

Managing the assets of Rs 10759.73 Cr as on March 31, 2018, best IDBI mutual funds schemes are performing well in the market and providing strong competition to various other fund houses.