SBI Equity Savings Fund Direct Dividend Monthly 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 Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹1,599 Cr and the Latest NAV as of 20 Jan 2020 is ₹13.49.
The SBI Equity Savings Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is 500. 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.