| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.70% |
| NAV | ₹12.13 (22 Oct 2020) |
|---|---|
| Fund Started | 18 Oct 2016 |
| Fund Size | ₹220 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bank Of Baroda | Financial | Debenture | 10.1% |
| Punjab National Bank | Financial | Bonds | 4.5% |
| Reliance Industries Ltd. | Energy | Equity | 4.1% |
| Housing & Urban Development Corpn. Ltd. | Financial | Debenture | 3.5% |
| HDFC Bank Ltd. | Financial | Equity | 3.4% |
| GOI | Sovereign | GOI Sec | 3.3% |
| Aarti Industries Ltd. | Chemicals | Equity | 2.8% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 2.8% |
| Sanofi India Ltd. | Healthcare | Equity | 2.6% |
| Supreme Industries Ltd. | Chemicals | Equity | 2.5% |
IDBI Hybrid Equity Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 18 Oct 2016. Raju Sharma, V Balasubramanian is the Current Fund Manager of IDBI Hybrid Equity Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹220 Cr and the Latest NAV as of 22 Oct 2020 is ₹12.13.
The IDBI Hybrid Equity Fund Direct Dividend 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.
The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities).
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.