|Min SIP Amount||₹100|
|NAV||₹21.85 (10 Jul 2020)|
|Fund Started||01 Jan 2014|
|Fund Size||₹53 Cr|
|Reliance Industries Ltd.||Energy||Debenture||9.7%|
|Bharti Airtel Ltd.||Communication||Equity||6.9%|
|Aurobindo Pharma Ltd.||Healthcare||Equity||5.9%|
|HDFC Bank Ltd.||Financial||Fixed Deposits||5.7%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||5.0%|
|Reliance Industries Ltd.||Energy||Equity||4.8%|
|HDFC Bank Ltd.||Financial||Equity||4.1%|
|Housing Development Finance Corpn. Ltd.||Financial||NCD||3.8%|
|Dr. Reddy's Laboratories Ltd.||Healthcare||Equity||3.3%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.0%|
IDFC Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 01 Jan 2014. Yogik Pitti, Harshal Joshi, Arpit Kapoor is the Current Fund Manager of IDFC Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹53 Cr and the Latest NAV as of 10 Jul 2020 is ₹21.85.
The IDFC Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. For more than 10% of investments 1% will be charged if redeemed within 1 year
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.
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.