IDBI Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 04 Jan 2013. Raju Sharma, Uma Venkatraman is the Current Fund Manager of IDBI Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹14 Cr and the Latest NAV as of 15 Nov 2019 is ₹18.26.
The IDBI Equity Savings Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months.
Same for SIP..
The investment objective of the scheme would be to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of debt, equity and money market 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 12 months.
Same for SIP.