| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.34% |
| NAV | ₹13.60 (07 Aug 2020) |
|---|---|
| Fund Started | 07 Mar 2011 |
| Fund Size | ₹11 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Term Deposits | 13.8% |
| Bank Of Baroda | Financial | Debenture | 11.1% |
| Apollo Tyres Ltd. | Automobile | Equity | 5.0% |
| Bharti Airtel Ltd. | Communication | Equity | 4.8% |
| Bata India Ltd. | FMCG | Equity | 4.0% |
| HDFC Bank Ltd. | Financial | Equity | 3.9% |
| NIIT Technologies Ltd. | Technology | Equity | 3.9% |
| Vedanta Ltd. | Metals | Equity | 3.6% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 3.6% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.2% |
IDBI Equity Savings Fund Dividend Quarterly 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 Quarterly fund.The fund currently has an Asset Under Management(AUM) of ₹11 Cr and the Latest NAV as of 07 Aug 2020 is ₹13.60.
The IDBI Equity Savings Fund Dividend Quarterly 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.
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.