IDBI Equity Savings Fund Direct Growth

Hybrid
Equity Savings
Moderately High Risk
11.06%
3Y annualised
+0.33% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 28 Jul 2023₹24.89
Min. SIP amountNot Supported
Rating2
Fund size₹10.03Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Equity Savings
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns8.7%11.1%7.9%7.5%
Category average9.2%11.0%7.8%NA
Rank with in category151513NA
Understand terms

Holdings (25)

NameSectorInstrumentAssets
FinancialEquity9.3%
TechnologyEquity7.0%
Capital GoodsEquity6.3%
Metals & MiningEquity6.2%
ConstructionEquity4.9%
ConstructionEquity3.7%
FinancialEquity3.5%
EnergyEquity3.3%
AutomobileEquity3.2%
TechnologyEquity3.2%
See All

Pros and cons

Category: Hybrid Equity Savings

Pros

Cons

Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
1Y and 10Y annualised returns lower than category average
3Y and 5Y annualised returns higher than category average
Higher expense ratio: 1.15%
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 1.06%

Inclusive of GST

Exit load

Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund management

Marzban Irani
Jul 2023 - Present
View details

Education
Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.
Experience
Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.
Also manages these schemes

Jaiprakash Toshniwal
Jul 2023 - Present
View details

Education
Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University.
Experience
Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Phone
NA
Launch Date
29 Mar 2010
E-mail
NA
IDBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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