IDBI Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 04 Jun 2018. Uma Venkatraman is the Current Fund Manager of IDBI Banking & Financial Services Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹135 Cr and the Latest NAV as of 14 Oct 2019 is ₹10.49.
The IDBI Banking & Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months..
Investment Objective
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.
Tax Implications
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 12 months.
Exit Load