IDBI Asset Management

What IDBI Asset Management does

IDBI Asset Management Limited is a private Indian asset management company incorporated in January 2010 that served as the Asset Management Company (AMC) for IDBI Mutual Fund, sponsored by IDBI Bank Ltd. The company managed a portfolio of approximately 24 open-ended mutual fund schemes spanning equity (index, large/mid/small cap, sectoral, thematic, ELSS, flexi cap, value), hybrid (aggressive hybrid, equity savings), debt/liquid (ultra short term, short term bond, dynamic bond, gilt, liquid, credit risk), and gold-related (Gold ETF, Gold Fund of Fund) categories. It also offered investment facilities including Systematic Investment Plans (SIP) and a suite of financial planning calculators, with investor onboarding via an online portal (online.idbimutual.co.in).

The underlying platform combined a mutual fund administration stack built and maintained by third-party technology partner CMOTS InfoTech (ISO 9001:2015 and ISO/IEC 27001:2022 certified) with standard industry infrastructure including KFIN Technologies as Registrar and Transfer Agent, SBI-SG Global Securities Services as custodian, and integrations with MF Utilities, MF Central, NSE/BSE (for ETF units), and PayEezz (for NACH mandates). Distribution operated through IDBI Bank's 2000+ branch network, IDBI MF's own 14 branch offices across major Indian metros, AMFI-registered Mutual Fund Distributors, the online portal, and stock exchange platforms.

The company's revenue model was entirely fee-based, generating income via the Total Expense Ratio (TER) charged as a percentage of Assets Under Management. TER varied materially by scheme category — equity regular plans ranged from 2.30% to 2.52%, while liquid/debt regular plans ranged from 0.17% to 0.72%, with direct plan TERs typically 0.5–1% lower than regular plans. Target customer segments were retail investors (primary), corporate investors, and NRIs. Pursuant to a SEBI-directed scheme transfer effective July 28, 2023, all IDBI MF schemes were merged into LIC Mutual Fund, with LIC AMC taking over management and administration; IDBI AMC continues to exist as a corporate entity.

Name

IDBI Asset Management

Legal name

IDBI Asset Management Limited

Website

https://idbimutual.co.in

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

IDBI Asset Management Limited is the private AMC for IDBI Mutual Fund, sponsored by IDBI Bank, offering equity, debt, hybrid, and gold mutual fund schemes to retail, corporate, and NRI investors across India via bank branches, distributors, and online channels.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Fixed Income Mutual Funds (FSAAAEAB)

akta.pro secondary industries

Index Mutual Funds (Non-ETF) (FSAAAEAE), Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

Keywords

• Mutual fund schemes
• Asset management services
• Equity fund management
• Debt fund management
• Portfolio management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Asset Management Fees (Total Expense Ratio): IDBI AMC generates revenue through management fees charged as a percentage of Assets Under Management (AUM). The Total Expense Ratio (TER) varies by scheme type - equity schemes typically have higher TER (e.g., 2.30-2.52% for regular plans) while debt/liquid schemes have lower TER (e.g., 0.17-0.72% for regular plans). Direct plans have lower TER compared to regular plans.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

IDBI Asset Management operates IDBI Mutual Fund, offering approximately 24 mutual fund schemes across equity (index, large/mid/small cap, sectoral, ELSS, flexi cap), hybrid (aggressive hybrid, equity savings), debt (ultra short term, short term bond, dynamic bond, gilt, liquid, credit risk), and gold (Gold ETF, Gold Fund of Funds) categories. The schemes are offered under Regular and Direct Plan options and managed by professional fund managers. Following SEBI-directed merger, all IDBI MF schemes were transferred to LIC Mutual Fund in July 2023, with LIC AMC taking over management and administration.

Product overview

IDBI Asset Management operates IDBI Mutual Fund, a comprehensive mutual fund platform offering 24 distinct investment schemes across multiple categories. The product portfolio includes 12 equity funds (index funds, large/mid/small cap funds, sectoral funds, ELSS tax-saving schemes, and flexi cap funds), 2 hybrid funds (aggressive hybrid and equity savings), 7 debt/liquid funds (ultra short term, short term bond, dynamic bond, gilt, liquid, credit risk funds), and 2 gold-related products (Gold ETF and Gold Fund of Funds). The platform provides additional investment facilities including Systematic Investment Plans (SIP) and financial planning tools such as calculators for goals, SIP returns, risk assessment, and wealth management guidance. All schemes are managed by professional fund managers and offered through both Regular and Direct Plan options with various dividend and growth sub-options.

Differentiator

Problem solved

Functional benefit

Products and services

• IDBI NIFTY Index Fund Open-ended index fund replicating the Nifty 50 Index with passive investment strategy designed to minimize tracking error. Targets investors seeking passive equity exposure benchmarked to the Nifty 50.
• IDBI NIFTY Next 50 Index Fund Open-ended index fund investing in all stocks comprising the Nifty Next 50 Index in the same weights. Targets investors seeking exposure to companies outside the Nifty 50.
• IDBI India Top 100 Equity Fund Open-ended equity scheme predominantly investing in large cap stocks for long-term capital appreciation. Targets investors seeking large-cap equity exposure.
• IDBI Equity Advantage Fund Open-ended Equity Linked Savings Scheme (ELSS) with 3-year statutory lock-in and tax benefit under Section 80C of the Income Tax Act. Targets investors seeking tax-saving equity investments.
• IDBI Flexi Cap Fund Open-ended dynamic equity scheme investing across large cap, mid cap, and small cap stocks. Targets investors seeking diversified equity exposure across market capitalizations.
• IDBI Midcap Fund Open-ended equity scheme predominantly investing in mid cap stocks for long-term capital appreciation. Targets investors seeking mid-cap equity exposure.
• IDBI Small Cap Fund Open-ended equity scheme predominantly investing in small cap stocks for long-term capital appreciation. Targets investors seeking small-cap equity exposure.
• IDBI Focused 30 Equity Fund Open-ended equity scheme investing in maximum 30 stocks, predominantly large cap, for concentrated portfolio approach. Targets investors seeking focused equity exposure.
• IDBI Dividend Yield Fund Open-ended equity scheme predominantly investing in dividend yielding stocks for long-term capital appreciation and dividend distribution. Targets income-oriented equity investors.
• IDBI Healthcare Fund Open-ended equity scheme investing in Healthcare and Allied sectors for long-term capital appreciation. Targets investors seeking sector-specific equity exposure.
• IDBI Banking & Financial Services Fund Open-ended equity scheme investing in Banking and Financial Services Sector stocks for maximum growth opportunities. Targets investors seeking sector-specific exposure to financial services.
• IDBI Long Term Value Fund Open-ended equity scheme following value investment strategy for long-term capital appreciation with regular income. Targets investors seeking value-style equity exposure.
• IDBI Diversified Equity Fund Diversified equity fund investing across market capitalizations for long-term capital appreciation. Targets investors seeking broad-based diversified equity exposure.
• IDBI Hybrid Equity Fund Open-ended hybrid scheme investing predominantly in equity and equity-related instruments with debt allocation. Targets investors seeking balanced equity-debt exposure.
• IDBI Equity Savings Fund Open-ended scheme investing in equity, arbitrage, and debt for regular income with equity exposure. Targets investors seeking lower-volatility equity-oriented returns.
• IDBI Ultra Short Term Fund Open-ended ultra short term debt scheme with Macaulay duration of 3-6 months for regular income. Targets investors seeking short-duration debt exposure.
• IDBI Short Term Bond Fund Open-ended short term debt scheme with Macaulay duration of 1-3 years for regular income. Targets investors seeking short-to-medium duration debt exposure.
• IDBI Dynamic Bond Fund Dynamic bond fund investing across maturities with active duration management for regular income. Targets investors seeking active duration management in debt.
• IDBI Gilt Fund Gilt fund investing exclusively in government securities with no default risk. Targets conservative debt investors seeking sovereign-only credit exposure.
• IDBI Liquid Fund Open-ended liquid scheme providing high liquidity with investment in debt and money market instruments up to 91 days maturity. Targets investors and corporates needing short-term parking of surplus funds.
• IDBI Credit Risk Fund Open-ended debt scheme predominantly investing in AA and below rated corporate bonds for regular income. Targets investors willing to take credit risk for higher yields.
• IDBI Gold Exchange Traded Fund Open-ended exchange-traded scheme replicating/tracking the performance of gold in domestic prices, with ETF units listed and traded on NSE and BSE through demat accounts. Targets investors seeking gold exposure via exchange-traded format.
• IDBI Gold Fund Open-ended fund of funds scheme investing in IDBI Gold Exchange Traded Fund for gold exposure. Targets investors seeking gold exposure through non-demat route.
• Systematic Investment Plan (SIP) Systematic Investment Planner allowing investors to invest fixed amounts at regular intervals (monthly, quarterly) with inflation adjustment options across various IDBI MF schemes. Targets investors seeking disciplined periodic investing.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• IDBI MF Trustee Company Ltd. (Trustee)coreStrategic or Co-development Partner · 25 January 2010IDBI MF Trustee Company Limited, incorporated on 25th January 2010 under the Companies Act 1956, serves as the Trustee to IDBI Mutual Fund. The trustee company supervises the management of the mutual fund and safeguards the interest of unit holders.
• KFIN Technologies Limited (Registrar)coreOthersKFIN Technologies Limited serves as the Registrar and Transfer Agent for IDBI Mutual Fund schemes. Located at Selenium Tower B, Plot No. 31 and 32, Financial District, Gachibowli, Hyderabad - 500 032.
• SBI-SG Global Securities Services Private Limited (Custodian)coreOthersSBI-SG Global Securities Services Private Limited serves as the Custodian for IDBI Mutual Fund. Located at Jeevan Seva Annexe Building, Santacruz (West), Mumbai - 400 054. SEBI Registration Number: IN/CUS/011.
• JCR & Co. (Statutory Auditors)coreOthersJCR & Co., Chartered Accountants serve as the Statutory Auditors for IDBI AMC. Located at Level 3, Rawal House, 18th Road, Khar (West), Mumbai 400 052.
• Stock Holding Corporation of India LimitedminorOthersStock Holding Corporation of India Limited serves as the custodian for IDBI Gold Exchange Traded Fund, located at 301, Centre Point, Dr. Babasaheb Ambedkar Road, Parel, Mumbai – 400012.

Scale indicators3 records

Recent moves7 records

Broad incumbents

• Aditya Birla Sun Life AMC: Top-tier Indian AMC with diversified equity, debt, hybrid, and solution-oriented schemes; comparable breadth of products and pan-India retail/distributor reach.
• Kotak Mahindra Asset Management: Bank-affiliated Indian AMC (Kotak Mahindra Bank) with diversified mutual fund offerings; comparable in leveraging bank distribution for retail SIP acquisition.
• Nippon Life India Asset Management: Large Indian AMC with a comprehensive mutual fund product portfolio across active equity, debt, hybrid, ETFs, and FoFs; directly comparable in scheme mix and distribution strategy.
• HDFC Asset Management: One of India's largest AMCs by AUM, sponsored by HDFC Bank; competes head-to-head across equity, debt, hybrid, and ETF categories with extensive bank-branch distribution.
• LIC Mutual Fund Asset Management: Acquired IDBI MF's scheme business in 2023 per SEBI direction and now manages the surviving fund line; comparable as a bank/insurance-affiliated Indian mutual fund AMC with a nationwide retail distribution footprint and broad product mix.
• SBI Mutual Fund: India's largest mutual fund AMC, sponsored by State Bank of India; directly comparable as a large bank-affiliated AMC offering a full equity/debt/hybrid scheme range and leveraging SBI's pan-India branch distribution.
• ICICI Prudential Asset Management: Bank-affiliated (ICICI Bank) Indian AMC with a broad mutual fund product suite; comparable in distribution model (bank branch + digital + IFA) and scheme breadth to IDBI MF's pre-merger offering.
• UTI Asset Management: One of India's oldest AMCs with a diversified scheme portfolio across equity, debt, hybrid, ETFs, and FoFs; institutional and retail reach comparable in scale and breadth to IDBI MF.

Direct peers

• Axis Asset Management: Mid-to-large Indian AMC with a multi-category product range and bank-affiliated distribution (Axis Bank); the closest size-and-distribution-model analogue to IDBI AMC's pre-merger positioning.
• Tata Asset Management: Diversified Indian AMC with equity, debt, hybrid, and thematic schemes; comparable as a corporate-sponsored AMC with a mix of bank-distribution and direct/Digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/idbi-asset-management-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IDBI Asset Management