| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.53% |
| NAV | ₹11.73 (28 Oct 2020) |
|---|---|
| Fund Started | 12 Nov 2015 |
| Fund Size | ₹50 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Debenture | 10.5% |
| Reliance Industries Ltd. | Energy | Equity | 9.7% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 6.0% |
| Bharti Airtel Ltd. | Communication | Equity | 5.2% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 4.8% |
| Housing Development Finance Corpn. Ltd. | Financial | NCD | 4.0% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.9% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 3.6% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 3.4% |
IDFC Equity Savings Fund Direct Dividend Yearly is a Hybrid Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 12 Nov 2015. Yogik Pitti, Harshal Joshi, Arpit Kapoor is the Current Fund Manager of IDFC Equity Savings Fund Direct Dividend Yearly fund.The fund currently has an Asset Under Management(AUM) of ₹50 Cr and the Latest NAV as of 28 Oct 2020 is ₹11.73.
The IDFC Equity Savings Fund Direct Dividend Yearly is rated Moderately High risk. Minimum SIP Investment is set to 1000. For more than 10% of investments 1% will be charged if redeemed within 1 year
The scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Schemes assets in equity and equity related instruments.
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.