Indiabulls Savings Income Regular Growth
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|Fund Type||Conservative Allocation|
More about this fund
|76 DCMB 17032020||18.97%|
|63 DCMB 17032020||11.38%|
|Rural Electrification Corporation Limited||9.86%|
|7.37% Govt Stock 2023||7.97%|
|48 DCMB 23032020||7.58%|
|Indiabulls Nifty50 ETF||4.58%|
|HDFC Bank Ltd||4.4%|
|ICICI Bank Ltd||2.29%|
|State Bank of India||1.65%|
About Indiabulls Savings Income Fund
Indiabulls savings income fund is an open-ended Hybrid scheme that invests in debt markets and equities. The investment is primarily in the debt securities (75-90%) and the rest in equity securities. The objective of the fund is to generate regular income and capital appreciation over a long period of time.
Pros & Cons of Indiabulls Savings Income Fund
Indiabulls savings income fund offers the following benefits:
- The Indiabulls savings income fund has a lower expense ratio and delivers higher risk-adjusted returns compared to the category.
- It is ideal for investors looking for regular income along with capital appreciation without taking huge risks.
- However, the fund is barely three years old and has low Asset under management (AUM).
Fund Information and Statistics of Indiabulls Savings Income Fund
i) Inception / Launch date
The Indiabulls savings income fund was started in 2 December 2015 by Indiabulls Asset Management.
ii) Risk level
Being a hybrid fund that invests primarily in debt securities, the risk level with Indiabulls savings income fund is moderate.
The units can be redeemed on any business day based on the NAV prices. The Mutual Fund shall dispatch Redemption proceeds within 10 Business Days of the Redemption date. Under normal circumstances, your fund house will dispatch the redemption proceeds within 1 business days.
iv) Fund Manager
The fund is jointly managed by Malay Shah and Sumit Bhatnagar since the inception of the scheme.
v) Entry / Exit load
The fund house does not charge any entry load or exit load for 12% of the investment. However, 1% exit load is charged if the rest of the investment is redeemed within a year of allotment. No exit load is charged when redeemed after a year of allotment.
Tax benefits of investing in Indiabulls Savings Income Fund
The Short-term capital gain tax will be levied on unit holders as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than three years.
About Indiabulls Mutual Fund
Indiabulls Asset Management is a part of the Indiabulls group and was established on April 10, 2008. The Indiabulls group collectively serves over 9,20,000 customers through its various ventures. Indiabulls Asset Management company serves as a subsidiary of Indiabulls Housing Finance Limited with an aim to create wealth by judicious use of risk-reward paradigm.
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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