IDBI Long Term Value Fund Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||5.27%|
|ICICI Bank Ltd||4.33%|
|Reliance Industries Ltd||4.25%|
|Housing Development Finance Corp Ltd||3.84%|
|State Bank of India||3.06%|
|Kotak Mahindra Bank Ltd||2.94%|
|Bajaj Finance Ltd||2.9%|
|ICICI Lombard General Insurance Co Ltd||2.28%|
|JK Cement Ltd||2.13%|
About IDBI Long Term Value Fund
Being an open-ended fund, it invests in equity and equity related instruments by following a value-oriented strategy for picking stocks. The fund aims to achieve wealth maximisation in the long run along with generation of regular income. The scheme, however, does not guarantee assured returns.
Pros & Cons of IDBI Long Term Value Fund
IDBI Long Term Value Fund offers the following benefits:
- Opportunity to invest in predominantly large-cap companies across various sectors
- The fund manager follows a blend strategy to take advantage of growth at reasonable prices.
- Being a recently launched fund, it needs substantial time to reveal its true potential. However, the fund has underperformed the benchmark and category in 1 month time horizon.
Fund Information and Statistics of IDBI Long Term Value Fund
i) Inception / Launch date
IDBI Long Term Value Fund was launched on 13 August 2018 by IDBI Mutual Fund.
ii) Risk level
Being an equity value-oriented fund, IDBI Long Term Value 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 the lowest of Rs. 1000 or 100 units or account balance. 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
Mrs. Uma Venkatraman holds 15 years of experience in the financial services domain, with a special emphasis on the equity segment. She has been managing the IDBI Long Term Value Fund since July 2018.
v) Entry / Exit load
The fund house does not charge any entry load for investing in IDBI Long Term Value Fund. However, the scheme charges an exit load of 1% for redemption of units within 365 days from the date of allotment.
Tax benefits of investing in IDBI Long Term Value 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