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IDBI Equity Savings Fund Dividend Monthly+0.87%

14.01%
1 Year Return
Hybrid
Equity Savings
3.0star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Equity Savings Fund Dividend Monthly

RiskModerately High
Min SIP Amount₹500
Expense Ratio2.13%
NAV₹16.65 (03 Mar 2021)
Fund Started07 Mar 2011
Fund Size11 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
14.0%
8.2%
6.8%
6.8%
Category Average
15.0%
6.9%
8.6%
-
Rank Within Category
17
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 14.0% returns per annum

Comparison

Data not available
Pros
1. 3Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 2.13%
3. 1Y Returns are lower than the category average returns
4. 5Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialTerm Deposits14.3%
Bank Of BarodaFinancialDebenture9.8%
ICICI Bank Ltd.FinancialEquity8.8%
Vedanta Ltd.MetalsEquity7.6%
Housing Development Finance Corpn. Ltd.FinancialEquity6.6%
HDFC Bank Ltd.FinancialEquity6.4%
Maruti Suzuki India Ltd.AutomobileEquity6.0%
Honeywell Automation India Ltd.EngineeringEquity3.5%
Infosys Ltd.TechnologyEquity3.1%
Reliance Industries Ltd.EnergyEquity3.1%
See All

Fund Managers

Uma Venkatraman
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IDBI Equity Savings Fund Dividend Monthly Details

IDBI Equity Savings Fund Dividend Monthly is a Hybrid Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 07 Mar 2011. Raju Sharma, Uma Venkatraman is the Current Fund Manager of IDBI Equity Savings Fund Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹11 Cr and the Latest NAV as of 03 Mar 2021 is ₹16.65.

The IDBI Equity Savings Fund Dividend Monthly 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.

Investment Objective

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.

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
29 Mar 2010
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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