|Min SIP Amount||₹500|
|NAV||₹20.81 (23 Apr 2021)|
|Fund Started||04 Jan 2013|
|Fund Size||₹11 Cr|
IDBI Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 04 Jan 2013. Raju Sharma, Uma Venkatraman is the Current Fund Manager of IDBI Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹11 Cr and the Latest NAV as of 23 Apr 2021 is ₹20.81.
The IDBI Equity Savings Fund Direct Growth 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. Same for SIP.
The scheme seeks to provide regular income by investing in debt and money market instruments and using arbitrage and other derivative strategies. Also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments.
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.