IDFC Banking & PSU Debt Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced to investors on 10 Feb 2014. Anurag Mittal is the Current Fund Manager of IDFC Banking & PSU Debt Fund Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹11,210 Cr and the Latest NAV as of 20 Nov 2019 is ₹10.24.
The IDFC Banking & PSU Debt Fund Direct Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
The primary objective of the Scheme is to seek to generate stable returns with a low risk strategy by creating a portfolio that is invested in debt and money market instruments issued by scheduled Commercial banks. However, there can be no assurance or guarantee that the objectives of the scheme will be realized.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment