Indiabulls Mutual Fund (Regn. No. MF/068/11/03) has been operating since 24th March 2011. This fund’s sponsor is Indiabulls Housing Finance Limited, and the trustee is Indiabulls Trustee Company Ltd. The fund house is headed by Mr. Ashok Kacker.
The sponsor of the fund house, Indiabulls Housing Finance Limited, is one of the fastest-growing financial institutions in India.
The company has received AA by CRISIL, CARE, ICRA, and AA+ by Brickwork Ratings. As on March 2020, the company’s total loan book was INR 69,676 Crore, PAT was INR 2,200 Crore, and RoE, was 17.60%.
They provide services in various segments, such as Consumer Finance, Commercial Loans, Housing Finance, Advisory Services, and Asset Management. The total client base of the company exceeds 9,20,000 customers.
The company has an extensive branch and distributor network, enabling it to access a vast section of investors. Indiabulls Housing Finance Limited figures prominently in the list of top Indian private financial services companies regarding net worth.
Besides Indiabulls Asset Management Company, the Indiabulls group’s other famous businesses include Indiabulls Housing Finance Limited (IBHFL), Indiabulls Real Estate (IBREL), and Indiabulls Ventures Limited.
Indiabulls Asset Management Company’s (AMC) net assets increased to INR 20,290.51 lacs in the financial year 2019-20, as compared to INR 18,311.70 lacs in the financial year 2018-19. Its revenue from operations increased to INR 4,744.30 lacs from INR 3,792.49 lacs.
The total income grew to INR 6,479.84 lacs from INR 4,781.91 lacs. And, in the financial year 2019-20, AMC’s net profit increased to INR 2,098.45 lacs from INR 305.11 lacs. The company also witnessed a healthy jump in the basic EPS, from INR 0.18 in the financial year 2018-19 to 1.23 in 2019-20.
Important information about Indiabulls Mutual Fund
| Mutual Fund Name | Indiabulls Mutual Fund |
| Established | 24th March 2011 |
| Date of Incorporation | 10th April 2008 |
| Sponsor | Indiabulls Housing Finance Limited M-62 & 63, First Floor, Connaught Place,, New Delhi Delhi 110001 Tel: 011-30252900 Fax: 011-30156901 Email: helpdesk@indiabulls.com Website: http://www.indiabullshomeloans.com |
| Trustee | Indiabulls Trustee Company Limited M – 62 & 63, First Floor Connaught Place New Delhi Central Delhi 110001 India |
| Directors, Trustee Company | Mr Gorinka Jaganmohan Rao, Independent Director Mr K. Vasudevan, Independent Director Mr Ajit Mittal, Associate Director |
| Chairman | Mr Ashok Kacker |
| Whole Time Director and Chief Executive Officer | Mr Ambar Maheshwari |
| Non-Executive Director | Ms Preetinder Virk |
| Head – Compliance and Risk Management | Mr Uday Diwale |
| Investor Relations Officer | Mr Vaibhav Sadanand Patil |
| Principal Officer | Mr Abhishek Garg |
| Registered Address, AMC | 11th Floor, Tower-1, Indiabulls Finance Centre, Senapati Bapat Road, Mumbai-400013 Phone: 022-61891300 / 1800-2666-002 Email: customercare@indiabullsamc.com Website: http://www.indiabullsamc.com |
| Internal Auditor | M.P. Chitale & Co. Chartered Accountants 11, Prabhadevi Industrial Estate, Veer Savarkar Marg, Opp. Siddhivinayak Temple, Prabhadevi, Mumbai – 400025 |
| Registrar and Transfer Agent | KFin Technologies Pvt Ltd. Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016 Phone: 040-44857874 Email: mfshyderabad@karvy.com Website: www.karvymfs.com |
| Fund Accountant and Custodian | HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai – 400013 |
Six Top-Performing Indiabulls Mutual Fund Schemes
- Indiabulls Nifty 50 Exchange Traded Fund
The Indiabulls Nifty 50 Exchange Traded Fund, with a NAV of 149.3135 (Regular Growth) (as on 12th April, 2021), is one of the top-performing funds in the ‘Equity: Large Cap’ category. This open-ended fund was launched on 26th April 2019 and has given trailing returns of 60.22% in one year (as on 12th April, 2021). The fund considers the NIFTY 50 TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1 |
| Minimum SIP Investment | – |
| Minimum Withdrawal | – |
| Exit Load | Nil |
| Return Since Inception (26th April 2019): | 13.05% (as on 13th April, 2021) |
| Assets | INR 16 Crore (as on 31st March, 2021) |
| Expense Ratio | 0.12% (as on 28th February, 2021) |
2. Indiabulls Value Fund
The Indiabulls Value Fund, with a NAV of 13.9395 (Regular Growth) (as on 12th April, 2021), is the top-performing funds in the ‘Equity: Value Oriented’ category. This open-ended fund was launched on 8th September 2015 and has given trailing returns of 50.22% in one year (as on 12th April, 2021). The fund considers the S&P BSE 500 TRI as its benchmark.
Key Information
| Minimum Investment | INR 500 |
| Minimum Additional Investment | INR 500 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for withdrawals before 3655 days |
| Return Since Inception (8th September 2015): | 6.11% (as on 13th April, 2021) |
| Assets | INR 14 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.30% (as on 28th February, 2021) |
3. Indiabulls Tax Savings Fund
The Indiabulls Tax Savings Fund, with a NAV of 11.2200 (Regular Growth) (as on 12th April, 2021), is one of the top-performing funds in the ‘Equity: ELSS’ category. This open-ended fund was launched on 28th December 2017 and has given trailing returns of 44.01% in one year (as on 12th April, 2021). The fund considers the S&P BSE 500 TRI as its benchmark.
Key Information
| Minimum Investment | INR 500 |
| Minimum Additional Investment | INR 500 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | Nil (Lock-in period – 3 years) |
| Return Since Inception (28th December 2017): | 3.56% (as on 13th April, 2021) |
| Assets | INR 54 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.25% (as on 28th February, 2021) |
4. Indiabulls Bluechip Fund
The Indiabulls Bluechip Fund, with a NAV of 24.4500 (Regular Growth) (as on 12th April, 2021), is one of the best-performing funds in the ‘Equity: Large Cap’ category. This open-ended fund was launched on 10th February 2012 and has given trailing returns of 43.76% in one year (as on 12th April, 2021). The fund considers the NIFTY 50 TRId as its benchmark.
Key Information
| Minimum Investment | INR 500 |
| Minimum Additional Investment | INR 500 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for withdrawals before 7 days |
| Return Since Inception (10th February 2012): | 10.23% (as on 13th April, 2021) |
| Assets | INR 113 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.43% (as on 28th February, 2021) |
5. Indiabulls Equity Hybrid Fund
The Indiabulls Equity Hybrid Fund, with a NAV of 12.8501 (Regular Growth) (as on 12th April, 2021), is one of the top-performing funds in the ‘Hybrid: Aggressive Hybrid’ category. This open-ended fund was launched on 13 December 2018 and has given trailing returns of 41.75% in one year (as on 12th April, 2021). The fund considers the CRISIL Hybrid 35+65 Aggressive TRI as its benchmark.
Key Information
| Minimum Investment | INR 500 |
| Minimum Additional Investment | INR 500 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for withdrawals before 7 days |
| Return Since Inception (13 December 2018): | 11.34% (as on 13th April, 2021) |
| Assets | INR 33 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.36% (as on 28th February, 2021) |
6. Indiabulls Savings Income Fund
The Indiabulls Savings Income Fund, with a NAV of 15.1926 (Regular Growth) (as on 12th April, 2021), is the best-performing funds in the ‘Hybrid: Conservative Hybrid’ category. This open-ended fund was launched on 2nd December 2015 and has given trailing returns of 12.91% in one year (as on 12th April, 2021). The fund considers the CRISIL Hybrid 75+25 Conservative TRI as its benchmark.
Key Information
| Minimum Investment | INR 500 |
| Minimum Additional Investment | INR 500 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | Nil |
| Return Since Inception (2nd December 2015): | 8.11% (as on 13th April, 2021) |
| Assets | INR 12 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.00% (as on 28th February, 2021) |
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Three Best Performing Fund Managers at Indiabulls Mutual Fund
Indiabulls Mutual Fund managers have extensive experience in driving value and generating growth for customers. The following are the top three fund managers at Indiabulls AMC:
1. Mr Malay Shah
Mr Malay Shah, Head of Fixed income, Indiabulls Asset Management, joined the company in August 2014. Before joining Indiabulls AMC, he was the Head of Fixed Income at Peerless Mutual Fund, Dealer of Fixed Income at Derivium Capital and Securities Private Limited, and Dealer of Fixed Income at Parag Parikh Financial Advisory Services Limited. He has experience of 17 years in the Indian fixed income markets. His specialities include structured credit and fundraising. His educational qualifications include Bachelor in Commerce and MBA in Finance. Mr Shah manages funds like the Indiabulls Liquid Fund, Indiabulls Gilt Fund, Indiabulls Ultra Short Term Fund, Indiabulls Short Term Fund, and Indiabulls Income Fund.
2. Mr Saurabh Sharma
Mr Saurabh Sharma, Associate Fund Manager(AFM), Indiabulls Asset Management, joined the company in December 2012, as the Dealer of Fixed Income. He was promoted to his current position in January 2019. Before joining Indiabulls AMC, he worked as an Article Trainee at D.R. Mehta & Associates. His specialities include Fixed income, Portfolio Management, Investments, Asset Management, Trading, Securitisation, Audit, Risk, and Valuation. He has a B.Com degree from Mumbai University. Mr Sharma manages funds like the Indiabulls Ultra Short Term Fund, Indiabulls Savings Fund, and Indiabulls Liquid Fund.
3. Mr Karan Singh
Mr Karan Singh, Head of Fixed Income Research, Indiabulls Asset Management, joined the company in May 2018. Before joining Indiabulls AMC, he has served many renowned organisations like Taurus Corporate Advisory Services Limited (Strategist for Fixed Income), DIOS Capital (Director/Strategist), Escorts Asset Management Company (Analyst), ICRA Limited (Senior Analyst), Religare Aegon AMC (Analyst), and Fidelity Investments (Associate for Fixed Income). He has more than 16 years of experience in managing fixed income funds. Mr Singh holds a Bachelor’s degree in Economics (Delhi University) and CFA Level-1 (CFA Institute, USA). He manages funds like Indiabulls Short Term Fund, Indiabulls Liquid Fund, Indiabulls Value Fund, Indiabulls Savings Income Fund, Indiabulls Arbitrage Fund, and Indiabulls Tax Savings Fund.
Why Should You Invest in Indiabulls Mutual Fund?
Indiabulls mutual fund is sponsored by the second-largest privately-run housing finance company in India. The AMC’s net profit and assets grew considerably in the financial year 2019-20. With the stock market recovering from its pandemic-driven fall, the chances are high that Indiabulls mutual fund’s stellar performance will continue unabated. The AMC offers mutual fund schemes in many categories like equity, debt, hybrid, etc.
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