|Min SIP Amount||₹500|
|NAV||₹8.97 (10 Jul 2020)|
|Fund Started||04 Jun 2018|
|Fund Size||₹81 Cr|
|HDFC Bank Ltd.||Financial||Equity||26.6%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||13.9%|
|ICICI Bank Ltd.||Financial||Equity||12.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||8.9%|
|Axis Bank Ltd.||Financial||Equity||4.9%|
|State Bank of India||Financial||Equity||3.3%|
|Bajaj Finance Ltd.||Financial||Equity||2.7%|
|Max Financial Services Ltd.||Financial||Equity||2.3%|
|SBI Life Insurance Company Ltd.||Financial||Equity||2.2%|
|ICICI Prudential Life Insurance Company Ltd.||Financial||Equity||2.1%|
IDBI Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 04 Jun 2018. Uma Venkatraman is the Current Fund Manager of IDBI Banking & Financial Services Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹81 Cr and the Latest NAV as of 10 Jul 2020 is ₹8.97.
The IDBI Banking & Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months.
The objective of the scheme is to provide investors maximum growth opportunities and to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Banking and Financial Services Sector. However there can be no assurance that the investment objective under the scheme will be realized.