IDBI Focused 30 Equity Fund Direct Dividend is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 17 Nov 2017. V Balasubramanian is the Current Fund Manager of IDBI Focused 30 Equity Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹184 Cr and the Latest NAV as of 21 Jan 2020 is ₹10.78.
The IDBI Focused 30 Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 1000. Exit load of 1% if redeemed within 12 months..
The investment objective of the Scheme is to provide long term capital appreciation by investing in concentrated portfolio of equity and equity related instruments of up to 30 companies and balance in debt and money market instruments.However there can be no assurance that the investment objective of the Scheme will be realized.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 12 months.