Category: Equity: Sectoral-Banking and Financial Services |
Launch Date: 05-08-2008 |
Asset Class: Equity |
Benchmark: Nifty Financial Services TRI |
Expense Ratio: 1.87% As on (30-04-2023) |
Status: Open Ended Schemes |
Minimum Investment: 5000.0 |
Minimum Topup: 1000.0 |
Total Assets: 6,312.8 Cr As on (30-04-2023) |
Turn over: 42% | Exit Load: 1% for redemption within 15 days |
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
The scheme seeks to maximize long term capital gains by investing in equity and equity related securities of banking, financial and non-banking financial companies that form a part of Banking and Financial Services Industry. A large share of the assets of the scheme will be invested in the stocks comprising the benchmark, BSE Bankex Index.
Standard Deviation | 22.54 |
Sharpe Ratio | 0.94 |
Alpha | 2.09 |
Beta | 0.85 |
Yield to Maturity | - |
Average Maturity | - |
Minimum investment in equity & equity related instruments of a particular sector/ particular theme - 80% of total assets.
Small Cap
8.85%
Others
7.33%
Large Cap
75.67%
Mid Cap
8.15%
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund