Fund Details
IDBI Midcap Fund Direct Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.72% |
| NAV | ₹13.12 (18 Jan 2021) |
|---|---|
| Fund Started | 25 Jan 2017 |
| Fund Size | ₹193 Cr |
Returns
Comparison
1. Lower expense ratio - 1.7%
1. Age is less than 5 years
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the category average returns
4. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Info Edge (India) Ltd. | Services | Equity | 5.3% |
| PI Industries Ltd. | Chemicals | Equity | 3.9% |
| Ipca Laboratories Ltd. | Healthcare | Equity | 3.9% |
| Supreme Industries Ltd. | Chemicals | Equity | 3.7% |
| Escorts Ltd. | Automobile | Equity | 3.6% |
| Crompton Greaves Consumer Electricals Ltd. | Cons Durable | Equity | 3.5% |
| Muthoot Finance Ltd. | Financial | Equity | 3.3% |
| Jindal Steel & Power Ltd. | Metals | Equity | 3.1% |
| Minda Industries Ltd. | Automobile | Equity | 3.0% |
| Endurance Technologies Ltd. | Automobile | Equity | 2.8% |
Fund Managers
IDBI Midcap Fund Direct Dividend Details
IDBI Midcap Fund Direct Dividend is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 25 Jan 2017. Ashish Mishra is the Current Fund Manager of IDBI Midcap Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹193 Cr and the Latest NAV as of 18 Jan 2021 is ₹13.12.
The IDBI Midcap Fund Direct Dividend is rated Moderately 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 with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies.
Tax Implications
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.
