IDBI Credit Risk Fund Regular Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Credit Risk|
|Exit Load||1% for 365 Days|
More about this fund
|Punjab National Bank||24.19%|
|182 DTB 23122021||11.87%|
|Godrej Properties Limited||8.65%|
|JSW Steel Limited||8.59%|
|Tata Motors Limited||8.5%|
|Power Finance Corporation Ltd.||7.89%|
|The Tata Power Company Limited||7.45%|
|Godrej Industries Limited||7.38%|
|Net Receivable / Payable||2.65%|
About IDBI Credit Risk Fund
Being open-ended debt fund, for the capital appreciation the scheme seeks to generate regular income and opportunities by investing predominantly in AA and below rated corporate bonds across maturity spectrum.
Pros and Cons of IDBI Credit Risk Fund
This scheme is suitable for those who seek: 1. Best option for investors with low risk appetite. 2. Highly liquid can be easily converted to cash within a day time. 3. Tax free returns, no deduction of tax or TDS on the earnings. Only taxable if the investor sells or withdraws within a period of time.
Fund Information and Statistics of IDBI Credit Risk Fund
Inception/ Launch Date
The IDBI Credit Risk Fund was launched on 3 March 2014 by IDBI Mutual Fund.
The objective of the scheme will be achieved, has no assurance or guarantee. Since the exposure of lower rated scheme is limited, the overall risk is moderate.
The redemption of units proceeds within 10 business days from the date of receipt of redemption request.
Mr.Bhupesh Kalyani is the fund manager of IDBI Credit Risk Fund since February 2017.
Entry/ Exit load
The entry load is NIL for this scheme. The exit load of 0.75% is applicable if redeemed within 12 months from the date of allotment.
Tax benefits of investing in IDBI Credit Risk Fund
The short term capital gains would be taxed according to the income tax slab rate of the investors. 20 percent with indexation benefit can be enjoyed by the investor in long term capital gains tax.
About IDBI Mutual Fund
IDBI Mutual Fund is managed by the IDBI Asset Management Limited. The IDBI Bank supports this fund house. This mutual fund house supports investors in taking informed investment decisions and aims at promoting financial inclusion.IDBI Mutual Fund gives opportunity to the investor to experience the prosperity of the capital markets.IDBI Mutual Fund is made up of pools of funds collected from many investors and invest in securities such as bonds, money-market, stocks etc. for capital gain.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns