IDBI Equity Savings Fund Direct Dividend Monthly-0.12%

1Groww
8.41%
1 Year Return
Hybrid
Equity Savings
1.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Equity Savings Fund Direct Dividend Monthly

RiskModerate
Min SIP Amount₹500
Expense Ratio1.37%
NAV13.15 (06 Dec 2019)
Fund Started07 Jan 2013
Fund Size14 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Equity Savings Fund Direct Dividend Monthly
8.4%
5.1%
5.8%
6.8%
Category Average
3.0%
5.6%
NA
-
Rank within category
7
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 8.4% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. 3Y Returns are lower than the benchmark
    5. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialTerm Deposits10.5%
    Bank Of BarodaFinancialDebenture8.3%
    Reliance Industries Ltd.EnergyEquity8.2%
    State Bank of IndiaFinancialEquity5.7%
    Axis Bank Ltd.FinancialBonds4.9%
    ITC Ltd.FMCGEquity4.4%
    Honeywell Automation India Ltd.EngineeringEquity3.5%
    SRF Ltd.DiversifiedEquity3.5%
    ICICI Lombard General Insurance Comapny Ltd.FinancialEquity3.4%
    Divi's Laboratories Ltd.HealthcareEquity3.3%
    See All

    Fund Managers

    addRaju Sharma
    Education
    Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.
    Experience
    Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.
    Funds Managed
    addUma Venkatraman
    Education
    Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.
    Experience
    Funds Managed

    Other Details

    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 ₹14 Cr and the Latest NAV as of 06 Dec 2019 is ₹13.15.

    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

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    About IDBI Mutual Fund

    Address
    5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
    Phone
    022-6644 2800
    Launch Date
    28 Mar 2010
    IDBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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    + ₹1,000
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    ONE TIME
    MONTHLY SIP
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