IDFC Equity Savings Fund Direct Dividend Yearly is a Hybrid Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced 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.The fund currently has an Asset Under Management(AUM) of ₹83 Cr and the Latest NAV as of 16 Aug 2019 is ₹10.7.
The IDFC Equity Savings Fund Direct Dividend Yearly is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. For more than 10% of investments 1% will be charged if redeemed within 1 year.
Investment Objective
The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market 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
For more than 10% of investments 1% will be charged if redeemed within 1 year
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