Fund Details
Baroda Banking and Financial Services Direct Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.75% |
| NAV | ₹29.78 (14 Jun 2021) |
|---|---|
| Fund Started | 02 Jan 2013 |
| Fund Size | ₹55 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 1.75%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 21.7% |
| ICICI Bank Ltd. | Financial | Equity | 15.0% |
| Axis Bank Ltd. | Financial | Equity | 12.4% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 8.4% |
| State Bank of India | Financial | Equity | 5.4% |
| Can Fin Homes Ltd. | Financial | Equity | 2.7% |
| Federal Bank Ltd. | Financial | Equity | 2.3% |
| SBI Cards & Payments Services Ltd. | Financial | Equity | 2.3% |
| Indusind Bank Ltd. | Financial | Equity | 2.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Warrant | 2.2% |
Fund Managers
Baroda Banking and Financial Services Direct Growth Details
Baroda Banking and Financial Services Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹55 Cr and the Latest NAV as of 14 Jun 2021 is ₹29.78.
The Baroda Banking and Financial Services Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 365 days.
Investment Objective
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.
Tax Implications
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.
