SBI Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 27 May 2015. Ruchit Mehta, Neeraj Kumar is the Current Fund Manager of SBI Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,685 Cr and the Latest NAV as of 06 Dec 2019 is ₹14.43.
The SBI Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. Exit load of 0.10% if redeemed within 15 days..
The investment objective of the scheme is to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
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)
Min for First Investment
Min for Second Investment
Exit load of 0.10% if redeemed within 15 days.