|Min SIP Amount||₹100|
|NAV||₹25.54 (23 Jul 2021)|
|Fund Started||01 Jan 2014|
|Fund Size||₹59 Cr|
|Reserve Bank of India||Financial||T-Bills||8.5%|
|IDFC Nifty ETF-Growth||Financial||Mutual Fund||8.4%|
|Bharti Airtel Ltd.||Communication||Equity||4.4%|
|Reliance Industries Ltd.||Energy||Equity||3.8%|
|Sun Pharmaceutical Industries Ltd.||Healthcare||Equity||3.7%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.5%|
|Reserve Bank of India||Financial||T-Bills||3.4%|
|JSW Steel Ltd.||Metals||Equity||3.1%|
|Aurobindo Pharma Ltd.||Healthcare||Equity||3.0%|
|Hindustan Petroleum Corporation Ltd.||Energy||Equity||2.7%|
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 ₹59 Cr and the Latest NAV as of 23 Jul 2021 is ₹25.54.
The IDFC Equity Savings Fund Direct Growth is rated Moderate 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 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.