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IDBI Banking & Financial Services Fund Direct Growth
Equity
Sector
Very High Risk
+21.91%
3Y annualised
-0.31% 1D
NAV: 28 Jul '23
₹16.29
Min. SIP amount
Not Supported
Fund size
₹86.62 Cr
Expense ratio
1.50%
Holdings (18)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 20.02% |
| ICICI Bank Ltd. | Financial | Equity | 16.82% |
| Axis Bank Ltd. | Financial | Equity | 9.45% |
| Bajaj Finance Ltd. | Financial | Equity | 7.85% |
| State Bank of India | Financial | Equity | 7.26% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 6.53% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 5.57% |
| Housing Development Finance Corporation Ltd. | Financial | Equity | 4.50% |
| Can Fin Homes Ltd. | Financial | Equity | 3.47% |
| Bajaj Finserv Ltd. | Financial | Equity | 2.68% |
| The Federal Bank Ltd. | Financial | Equity | 2.19% |
| Bank Of Baroda | Financial | Equity | 2.17% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 1.80% |
| Max Financial Services Ltd. | Financial | Equity | 1.36% |
| AU Small Finance Bank Ltd. | Financial | Equity | 1.33% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | Equity | 0.95% |
| SBI Cards And Payment Services Ltd. | Financial | Equity | 0.82% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 0.65% |
See All
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +18.7% | +21.9% | +9.9% | +9.9% |
| Category average (Equity Sector) | +16.5% | +14.4% | +16.1% | -- |
| Rank (Equity Sector) | 18 | 13 | 11 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 1% if redeemed within 12 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
About IDBI Banking & Financial Services Fund Direct Growth
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 29 Mar 2010. The fund currently has an Asset Under Management(AUM) of ₹3,592 Cr and the Latest NAV as of 28 Jul 2023 is ₹16.29.
The IDBI Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Exit load of 1% if redeemed within 12 months.
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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.
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)#29 in India
Total AUM₹3,591.62 Cr
Date of Incorporation29 Mar 2010
Launch Date29 Mar 2010
Address4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,