|Min SIP Amount||₹500|
|NAV||₹10.49 (25 Sep 2020)|
|Fund Started||25 Jan 2017|
|Fund Size||₹182 Cr|
|Info Edge (India) Ltd.||Services||Equity||4.3%|
|Ipca Laboratories Ltd.||Healthcare||Equity||3.6%|
|PI Industries Ltd.||Chemicals||Equity||3.5%|
|Muthoot Finance Ltd.||Financial||Equity||3.5%|
|Crompton Greaves Consumer Electricals Ltd.||Cons Durable||Equity||3.4%|
|Supreme Industries Ltd.||Chemicals||Equity||3.3%|
|Jindal Steel & Power Ltd.||Metals||Equity||2.8%|
|Endurance Technologies Ltd.||Automobile||Equity||2.8%|
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 ₹182 Cr and the Latest NAV as of 25 Sep 2020 is ₹10.49.
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.
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.
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.