IDBI Equity Savings Fund Growth+0.80%

1
2.48%
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 Ratio2.44%
NAV17.13 (25 Sep 2020)
Fund Started07 Mar 2011
Fund Size11 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Equity Savings Fund Growth
2.5%
2.5%
3.7%
5.8%
Category Average
6.3%
3.8%
5.8%
-
Rank within category
12
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 2.5% annual returns

    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

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialTerm Deposits13.4%
    Bank Of BarodaFinancialDebenture10.9%
    Housing Development Finance Corpn. Ltd.FinancialEquity6.4%
    Apollo Tyres Ltd.AutomobileEquity5.5%
    HDFC Bank Ltd.FinancialEquity4.0%
    Glenmark Pharmaceuticals Ltd.HealthcareEquity3.9%
    Muthoot Finance Ltd.FinancialEquity3.8%
    Bata India Ltd.FMCGEquity3.8%
    Divi's Laboratories Ltd.HealthcareEquity3.6%
    Hindustan Unilever Ltd.FMCGEquity3.0%
    See All

    Fund Managers

    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

    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 25 Sep 2020 is ₹17.13.

    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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    IDBI Equity Savings Fund Growth
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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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