IDBI Equity Savings Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 07 Jan 2013. Raju Sharma, Uma Venkatraman is the Current Fund Manager of IDBI Equity Savings Fund Direct Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹19 Cr and the Latest NAV as of 16 Aug 2019 is ₹12.6.
The IDBI Equity Savings Fund Direct Dividend Monthly 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..
Investment Objective
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.
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 12 months.
Same for SIP.
Exit Load