IDFC Banking & PSU Debt Fund Direct Dividend Fortnightly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced to investors on 13 Mar 2013. Anurag Mittal is the Current Fund Manager of IDFC Banking & PSU Debt Fund Direct Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹9,715 Cr and the Latest NAV as of 23 Oct 2019 is ₹10.27.
The IDFC Banking & PSU Debt Fund Direct Dividend Fortnightly 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