IDBI Hybrid Equity Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 18 Oct 2016. Raju Sharma, V Balasubramanian is the Current Fund Manager of IDBI Hybrid Equity Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹258 Cr and the Latest NAV as of 21 Jan 2020 is ₹11.64.
The IDBI Hybrid Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Exit load of 1% if redeemed within 12 months..
The investment objective of the scheme would be to generate opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments.However, there can be no assurance that the investment objective of the scheme will be realized.
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)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 12 months.