Fund Details
IDBI Equity Savings Fund Dividend Quarterly
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.13% |
| NAV | ₹15.80 (03 Mar 2021) |
|---|---|
| Fund Started | 07 Mar 2011 |
| Fund Size | ₹11 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
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
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Term Deposits | 14.3% |
| Bank Of Baroda | Financial | Debenture | 9.8% |
| ICICI Bank Ltd. | Financial | Equity | 8.8% |
| Vedanta Ltd. | Metals | Equity | 7.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.6% |
| HDFC Bank Ltd. | Financial | Equity | 6.4% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 6.0% |
| Honeywell Automation India Ltd. | Engineering | Equity | 3.5% |
| Infosys Ltd. | Technology | Equity | 3.1% |
| Reliance Industries Ltd. | Energy | Equity | 3.1% |
Fund Managers
IDBI Equity Savings Fund Dividend Quarterly Details
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 03 Mar 2021 is ₹15.80.
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.
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.
