Fund Details
IDBI Banking & Financial Services Fund Direct Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.56% |
| NAV | ₹11.70 (27 Jan 2021) |
|---|---|
| Fund Started | 04 Jun 2018 |
| Fund Size | ₹108 Cr |
Returns
Comparison
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Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 23.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 13.4% |
| ICICI Bank Ltd. | Financial | Equity | 13.1% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 8.5% |
| Axis Bank Ltd. | Financial | Equity | 5.5% |
| Bajaj Finance Ltd. | Financial | Equity | 4.3% |
| State Bank of India | Financial | Equity | 3.8% |
| Aavas Financiers Ltd. | Financial | Equity | 2.8% |
| Can Fin Homes Ltd. | Financial | Equity | 2.6% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.6% |
Fund Managers
IDBI Banking & Financial Services Fund Direct Growth Details
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 ₹108 Cr and the Latest NAV as of 27 Jan 2021 is ₹11.70.
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.
Investment Objective
The scheme seeks 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.
