IDBI Small Cap Fund Direct Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 21 Jun 2017. Uma Venkatraman is the Current Fund Manager of IDBI Small Cap Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹139 Cr and the Latest NAV as of 18 Oct 2019 is ₹9.49.
The IDBI Small Cap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months..
The objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Smallcap Companies. However there can be no assurance that the investment objective under 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.