IDFC Equity Savings Fund Direct Growth+0.38%

3Groww
6.63%
1 Year Return
Hybrid
Equity Savings
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDFC Equity Savings Fund Direct Growth

RiskModerate
Min SIP Amount₹1000
Expense Ratio1.29%
NAV21.15 (18 Oct 2019)
Fund Started01 Jan 2014
Fund Size75 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDFC Equity Savings Fund Direct Growth
6.6%
5.2%
6.2%
6.5%
Category Average
3.0%
5.6%
NA
-
Rank within category
13
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 6.6% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. 3Y Returns are lower than the benchmark
    5. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Housing Development Finance Corpn. Ltd.FinancialDebenture6.8%
    LIC Housing Finance Ltd.FinancialBonds/NCD6.6%
    HDFC Bank Ltd.FinancialFixed Deposits5.9%
    Tech Mahindra Ltd.TechnologyEquity5.4%
    GOISovereignGOI Sec5.0%
    Sun Pharmaceutical Inds. Ltd.HealthcareEquity4.2%
    ICICI Bank Ltd.FinancialEquity4.0%
    HDFC Bank Ltd.FinancialEquity3.7%
    Housing Development Finance Corpn. Ltd.FinancialEquity3.5%
    Larsen & Toubro Ltd.ConstructionEquity3.3%
    See All

    Fund Managers

    addHarshal Joshi
    Education
    Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
    Experience
    Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.
    Funds Managed

    Other Details

    IDFC Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced to investors on 01 Jan 2014. Yogik Pitti, Harshal Joshi, Arpit Kapoor is the Current Fund Manager of IDFC Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹75 Cr and the Latest NAV as of 18 Oct 2019 is ₹21.15.

    The IDFC Equity Savings Fund Direct Growth 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
    Exit Load

    Compare Funds

    IDFC Equity Savings Fund Direct Growth
    VS
    search

    About IDFC Mutual Fund

    Address
    OneIndiaBulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013
    Phone
    022-66289999
    Launch Date
    12 Mar 2000
    Website
    NA
    IDFC Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
    Enter investment amount
    + ₹1,000
    + ₹5,000
    + ₹10,000
    ONE TIME
    MONTHLY SIP
    Similar Funds
    Data not available
    ⓒ 2019 Billionbrains Garage Ventures Pvt Ltd