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IDBI Equity Savings Fund Growth-0.47%

8.95%
1 Year Return
Hybrid
Equity Savings
1.0star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Equity Savings Fund Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio2.13%
NAV₹19.18 (15 Jan 2021)
Fund Started07 Mar 2011
Fund Size11 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
8.9%
6.4%
6.2%
6.8%
Category Average
10.0%
5.8%
8.1%
-
Rank Within Category
14
-
-
-
*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 8.9% returns per annum

Comparison

Data not available
Pros
Found nothing so far.
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. Higher expense ratio
5. 1Y Returns are lower than the benchmark
6. 3Y Returns are lower than the benchmark
7. 5Y Returns are lower than the benchmark
8. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
9. Risk-adjusted returns are lower compared to the category
10. Higher expense ratio - 2.14%
11. 1Y Returns are lower than the category average returns
12. 3Y Returns are lower than the category average returns
13. 5Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialTerm Deposits13.0%
Bank Of BarodaFinancialDebenture9.0%
Housing Development Finance Corpn. Ltd.FinancialEquity7.6%
ICICI Bank Ltd.FinancialEquity7.2%
Maruti Suzuki India Ltd.AutomobileEquity6.7%
Vedanta Ltd.MetalsEquity5.8%
Reliance Industries Ltd.EnergyEquity5.7%
HDFC Bank Ltd.FinancialEquity5.0%
Infosys Ltd.TechnologyEquity3.6%
Aarti Industries Ltd.ChemicalsEquity3.0%
See All

Fund Managers

Uma Venkatraman
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IDBI Equity Savings Fund Growth Details

IDBI Equity Savings Fund Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹11 Cr and the Latest NAV as of 15 Jan 2021 is ₹19.18.

The IDBI Equity Savings Fund Growth 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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