IDBI Flexi Cap Fund Regular Growth
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|Risk||Very High Risk|
|Fund Type||Flexi Cap|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||7.06%|
|ICICI Bank Ltd||4.41%|
|Bajaj Finance Ltd||3.45%|
|Housing Development Finance Corp Ltd||3.36%|
|Laurus Labs Ltd||3.2%|
|Bharti Airtel Ltd||3.04%|
|Sun Pharmaceuticals Industries Ltd||2.87%|
|Axis Bank Ltd||2.84%|
|Kotak Mahindra Bank Ltd||2.76%|
About IDBI Diversified Equity Fund
Being an open-ended multi cap fund, it invests in a well-diversified portfolio of equity and equity related instruments of companies of different market capitalisation. The fund manager targets wealth maximisation over the long run by seeking opportunities across diverse sectors. However, the fund performance in future is not guaranteed as per the objectives.
Pros & Cons of IDBI Diversified Equity Fund
IDBI Diversified Equity Fund offers the following benefits:
- Opportunity to invest in growth-oriented companies across various sectors
- Being a predominantly equity fund, the fund manager allocates around 28% of assets in debt instruments to cover up liquidity risks.
- A star-rated fund, it has not been able to outperform the category and the benchmark in 1 year and 3 year time horizon.
Fund Information and Statistics of IDBI Diversified Equity Fund
i) Inception / Launch date
IDBI Diversified Equity Fund was launched on 28 March 2014 by IDBI Mutual Fund.
ii) Risk level
Being a multi-cap fund, IDBI Diversified Equity Fund is a moderately high risk bet. Investors having a long-term investment horizon of more than 5 years may think of investing in this fund.
The minimum amount of redemption allowed is Rs. 1000. Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Ashish Mishra, who holds a rich work experience of 13 years, has been managing IDBI Diversified Equity Fund since September 2017. Before joining as the fund manager, he had associations with prestigious institutions like ING Investment Management India Pvt Ltd. and Union Bank of India (Treasury).
v) Entry / Exit load
The fund house does not charge any entry load for investing in IDBI Diversified Equity Fund. However, the scheme charges an exit load of 1% on redemption of units within 365 days from the date of allotment.
Tax benefits of investing in IDBI Diversified Equity Fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About IDBI Mutual Fund
IDBI Mutual Fund was established on 25th January 2010 under the Companies Act, 1956. It is being managed by the IDBI Asset Management Limited. It aims to promote financial inclusion by supporting the investor in taking informed investment decisions. It attempts to achieve this through mutual funds thereby giving him an opportunity to experience the prosperity of the capital markets.
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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