IDBI Equity Savings Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Net Receivable / Payable||12.39%|
|ICICI Bank Ltd||8.73%|
|Bank of Baroda||6.57%|
|Tata Steel Ltd||5.94%|
|Hindustan Petroleum Corp Ltd||5.2%|
|Housing Development Finance Corp Ltd||4.96%|
|Maruti Suzuki India Ltd||4.85%|
|HDFC Bank Ltd||3.18%|
About IDBI Equity Savings Fund
Being an open-ended fund, the scheme seeks to provide regular income and generate long term capital appreciation through unhedged exposure to equity related instruments and equities and by investing in debt and money market instruments.
Pros and Cons of IDBI Equity Savings Fund
This scheme is suitable for investors seeking:
- Medium to Long term capital appreciation and regular income.
- The fund is invested in equity and equity related instruments including arbitrage, equity derivatives and debt and money market instruments.
Fund Information and Statistics of IDBI Equity Savings Fund
Inception/ Launch Date
The IDBI Equity Savings Fund was launched on 25 June 2010 by IDBI Mutual Fund.
There is no assurance that the objective of the scheme will be achieved. The investment of this fund is subject to market risk such as liquidity risk, trading volume, settlement risk including the possible loss of principal. The value of the units may go up and down with the fluctuation of interest rates of the securities.
The dispatch of redemption of units proceeds within 10 business days from the receipt of the redemption request of the unit holder.
Mr.Raju Sharma since May 2017 and Mr.Uma Venkatraman since September 2017 are the fund managers of IDBI Equity Savings Fund.
Entry/ Exit Load
The entry load is NIL and the exit load is 1% if the units are redeemed within 12 months from the date of allotment of the units.
Tax benefits of investing in IDBI Equity Savings Fund
Tax on dividend is NIL. If the units are held for more than 3 years a long term capital gains tax at 20% with indexation is applicable. If units are held for less than 3 years a short term capital gains tax is applicable to investors as per their income slab.
About IDBI Mutual Fund
IDBI Mutual Fund is managed by the IDBI Asset Management Limited. 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