IDBI Focused 30 Equity Fund Growth

About IDBI Focused 30 Equity Fund

Being an open ended equity scheme, it invests in equity shares of upto 30 companies which have large capitalisation. The scheme aims to maximise wealth of the investor in the long term by maintaining a portfolio predominantly composed of equity related and the remaining in debt and money market Instruments. However, the scheme does not guarantee assured returns.

Pros & Cons of IDBI Focused 30 Equity Fund

IDBI Focused 30 Equity Fund offers the following benefits:

1. Opportunity of long-term wealth creation by investing in companies having high growth potential
2. Suitable for achievement of long-term financial goals like retirement planning.
3. The fund has been launched recently and needs substantial time to reveal its true potential. However, it has underperformed its category and the benchmark in 3 month year time horizon.

Fund Information and Statistics of IDBI Focused 30 Equity Fund

i) Inception / Launch date

IDBI Focused 30 Equity Fund was launched on 13 November 2017 by IDBI Mutual Fund.

ii) Risk level

Being a large-cap equity fund, IDBI Focused 30 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.

iii) Redemption

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 Focused 30 Equity Fund since July 2018. 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 Focused 30 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 Focused 30 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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