IDBI Banking & Financial Services Fund Direct Growth+0.10%

3Groww
8.93%
1 Year Return
Equity
Sector
3.0 star
6M
1Y
All

Fund Details

IDBI Banking & Financial Services Fund Direct Growth

RiskHigh
Min SIP Amount₹500
Expense Ratio1.37%
NAV10.49 (14 Oct 2019)
Fund Started04 Jun 2018
Fund Size135 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Banking & Financial Services Fund Direct Growth
8.9%
NA
NA
3.3%
Category Average
5.9%
9.2%
8.6%
-
Rank within category
9
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    30
    with 8.9% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity19.8%
    ICICI Bank Ltd.FinancialEquity13.8%
    Housing Development Finance Corpn. Ltd.FinancialEquity11.8%
    Kotak Mahindra Bank Ltd.FinancialEquity10.3%
    Axis Bank Ltd.FinancialEquity6.9%
    Bajaj Finance Ltd.FinancialEquity4.8%
    State Bank of IndiaFinancialEquity4.8%
    Indusind Bank Ltd.FinancialEquity3.9%
    Cholamandalam Investment & Finance Co. Ltd.FinancialEquity3.0%
    Muthoot Capital Services Ltd.FinancialEquity2.9%
    See All

    Fund Managers

    addUma Venkatraman
    Education
    Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.
    Experience
    Funds Managed

    Other Details

    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

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    About IDBI Mutual Fund

    Address
    5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
    Phone
    022-6644 2800
    Launch Date
    28 Mar 2010
    IDBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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