IDBI Banking Financial Services Fund Direct Growth - Regular - Latest NAV [ ₹16.29 ], Returns, Performance, Portfolio & Returns 2024

IDBI Banking Financial Services Fund Direct Growth

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Direct

Growth

3 yr CAGR
+9.92%
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Direct

Growth

3 yr CAGR
+9.92%
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Fund overview

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Net Asset Value

₹16.29
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AUM (Fund size)

86.62 Crore
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Lock-in period

No Lock-in
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Exit Load

1% in 365 days
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Expense ratio

1.5%
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Risk

Very High
Start your investment
Lumpsum
SIP
Amount
Estimated value after 3 years

(as per historical returns)

9,059 ₹
The fund house has restricted SIP and Lumpsum (One-Time) investment in this fund right now.
risk

Top holdings

HoldingsWeightage
HDFC Bank Ltd20.02%
ICICI Bank Ltd16.82%
Axis Bank Ltd9.45%
Bajaj Finance Ltd7.85%
State Bank of India7.26%
Cholamandalam Investment and Finance Co Ltd6.53%
Kotak Mahindra Bank Ltd5.57%
Housing Development Finance Corp Ltd4.5%
Treps4.2%
Can Fin Homes Ltd Shs Dematerialised3.47%

Calculate returns

Monthly (SIP)
One-Time
4000
20
yrs
₹4,000 invested monthly becomes 0 in a period of 20 years

Top Sectors

About IDBI Asset Management Limited

It is a subsidiary of IDBI Bank, a financial service provider catering to customers looking for short and long term investment options. It manages assets worth of Rs. 8950 Crore via debt liquid funds, ELSS, domestic and overseas FoFs, and Multi Cap Funds.

Managers

Alok Ranjan

Custodians

Stock Holding Corporation of India

Address

LIC Mutual Fund Asset Management Limited 4th Floor, Industrial Assurance Building,

Fax Nos.

+91 022-22843660

Telephone Nos.

+91 022-66016000

Homepage

www.licmf.com

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Start your investment
Lumpsum
SIP
Amount
Estimated value after 3 years

(as per historical returns)

9,059 ₹
The fund house has restricted SIP and Lumpsum (One-Time) investment in this fund right now.
risk

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Frequently Asked Questions

What are equity funds?

Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization

What are large cap, mid cap, small cap and multi cap equity funds?

SEBI ranks all listed companies based on the overall market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards. Multi-cap funds invest in small cap, mid cap and large cap companies

What are ELSS funds?

ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years.

What are Bluechip funds?

Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.

What is a lock-in period?

It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

Is KYC necessary for BLACK?

KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.