Indiabulls Savings Income Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Indiabulls Mutual Fund. This scheme was introduced to investors on 02 Dec 2015. Malay Shah, Sumit Bhatnagar is the Current Fund Manager of Indiabulls Savings Income Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹17 Cr and the Latest NAV as of 17 Jan 2020 is ₹14.95.
The Indiabulls Savings Income Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. For units more than 12% of the investments, an exit load of 1% if redeemed within 1 year..
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.
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
For units more than 12% of the investments, an exit load of 1% if redeemed within 1 year.