Indiabulls Savings Income Fund Direct Growth-0.19%

5
2.99%
1 Year Return
Hybrid
Conservative
5.0star
6M
1Y
3Y
All

Fund Details

Indiabulls Savings Income Fund Direct Growth

RiskModerate
Min SIP Amount₹500
Expense Ratio0.25%
NAV14.93 (10 Jul 2020)
Fund Started02 Dec 2015
Fund Size22 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Indiabulls Savings Income Fund Direct Growth
3.0%
8.7%
NA
9.1%
Category Average
3.2%
4.0%
2.0%
-
Rank within category
24
1
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    0
    with 3.0% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.25%
    2. 3Y Returns are higher than the category average returns
    3. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. 1Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    GOISovereignGOI Sec34.9%
    GOISovereignGOI Sec21.0%
    GOISovereignGOI Sec9.8%
    Canara BankFinancialCD9.1%
    Indiabulls Nifty 50 Exchange Traded Fund Regular - GrowthFinancialMutual Fund4.7%
    Bank Of BarodaFinancialCD4.6%
    HDFC Bank Ltd.FinancialEquity4.3%
    ICICI Bank Ltd.FinancialEquity1.8%
    State Bank of IndiaFinancialEquity1.1%

    Fund Managers

    addVikrant Mehta
    Education
    Mr. Mehta is CFA and M.S.
    Experience
    Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
    Funds Managed
    addMalay Shah
    Education
    Mr. Shah is a B.Com and MMS.
    Experience
    Prior to joining Indiabulls Mutual Fund, he has worked as Head- Fixed Income with Essel Mutual Fund.and as Senior Dealer - Fixed Income Group with Derivium Capital.
    Funds Managed
    addKaran Singh
    Education
    Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA - Level 1
    Experience
    Prior to joining IndiaBulls Mutual Fund he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.
    Funds Managed
    addVeekesh Gandhi
    Education
    Mr. Gandhi has done MBA & M.Com
    Experience
    Prior to joining Indiabulls Mutual Fund, he has worked with DSP Merrill Lynch Ltd. as Equity Research Analyst, SSKI Securities as Banking and Strategy Analyst and Motilal Oswal Securities as Equity Research Analyst.
    Funds Managed
    addRajeev Desai
    Education
    Mr. Desai has done PGDBM (Finance) and B.E. (Mech).
    Experience
    Prior to joining Indiabulls Mutual Fund, he has worked with Systematix Shares & Stocks (I) Ltd, IFCI Financial Services Ltd., IDFC Securities Ltd. (earlier IDFC SSKI Securities Ltd.), Batliboi Ltd., Blue Star Ltd., Contec Airflow India Pvt. Ltd.
    Funds Managed

    Indiabulls Savings Income Fund Direct Growth Details

    Indiabulls Savings Income Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Indiabulls Mutual Fund. This scheme was made available to investors on 02 Dec 2015. Malay Shah, Sumit Bhatnagar is the Current Fund Manager of Indiabulls Savings Income Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹22 Cr and the Latest NAV as of 10 Jul 2020 is ₹14.93.

    The Indiabulls Savings Income Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

    Investment Objective

    The primary objective of the Scheme is to generate regular monthly returns through investment primarily in debt securities. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the SchemeNulls assets in equity securities. Monthly Income is not assured and is subject to availability of distributable surplus. However, there can be no assurance that the investment objective of the scheme will be achieved.

    Tax Implications

    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)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Indiabulls Mutual Fund

    Address
    11th Floor, Indiabulls Finance Centre Tower-1, Senapati Bapat Marg, Elphinstone (West) Mumbai - 400013.
    Phone
    022-61891300
    Launch Date
    24 Mar 2011
    Indiabulls Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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