IDBI Banking & Financial Services Fund - Regular Plan (Growth)
Fund House: IDBI Mutual Fund| Category: Equity: Sectoral-Banking and Financial Services |
| Launch Date: 28-05-2018 |
| Asset Class: Equity |
| Benchmark: Nifty Financial Services TRI |
| Expense Ratio: 2.51% As on (31-08-2022) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 91.87 Cr As on (31-08-2022) |
| Turn over: 2% | Exit Load: 1% for redemption within 365 days |
13.15
0.29 (2.2053%)
6.53%
Nifty Financial Services TRI 17.79%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks to provide investors maximum growth opportunities and to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Banking and Financial Services Sector.
Current Asset Allocation (%)
Indicators
| Volatility | |
| Sharp Ratio | 0.4 |
| Alpha | -1.61 |
| Beta | 0.88 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
Scheme Characteristics
Minimum investment in equity & equity related instruments of a particular sector/ particular theme - 80% of total assets.
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
3.4%
Others
0.44%
Large Cap
89.75%
Mid Cap
6.41%
Tax Benefits of investing in this fund
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
