|Min SIP Amount||₹500|
|NAV||₹17.75 (26 Nov 2020)|
|Fund Started||02 Jan 2013|
|Fund Size||₹43 Cr|
|HDFC Bank Ltd.||Financial||Equity||24.6%|
|ICICI Bank Ltd.||Financial||Equity||16.6%|
|Axis Bank Ltd.||Financial||Equity||10.2%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||7.1%|
|State Bank of India||Financial||Equity||4.2%|
|SBI Cards & Payments Services Ltd.||Financial||Equity||3.7%|
|Indusind Bank Ltd.||Financial||Equity||3.4%|
|City Union Bank Ltd.||Financial||Equity||2.9%|
|SBI Life Insurance Company Ltd.||Financial||Equity||2.7%|
|RBL Bank Ltd.||Financial||Equity||2.4%|
Baroda Banking and Financial Services Direct Dividend is a Equity Mutual Fund Scheme launched by . This scheme was made available to investors on 02 Jan 2013. Deepak Acharya is the Current Fund Manager of Baroda Banking and Financial Services Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹43 Cr and the Latest NAV as of 26 Nov 2020 is ₹17.75.
The Baroda Banking and Financial Services Direct Dividend is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 365 days.
The scheme aims to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in banking & financial services sector which are expected to show sustained growth & generate better performance.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.