CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%
MF—Regular · IDCW

IDBI Banking & Financial Services Fund - Regular Plan - IDCW

Banks & Financial ServicesEquity - Sectoral Fund - Banks & Financial ServicesBenchmark: Nifty Financial Services - TRI
NAV · 28 Jul 2023₹15.25-0.33%
AUM₹87 Crfrom this fund's primary plan
Expense Ratio2.51%
CAGR—
Exit Load1% on or before 12M
Min SIP₹500from this fund's primary plan
Launched2018

Investment Objective

The objective of the scheme is to provide investors maximum growth opportunities and to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Banking and Financial Services Sector.However there can be no assurance that the investment objective under the scheme will be realized.

Fund Mandate

Debt & MMI0%–20%
Equity & Equity related instruments of comp engaged in Banking & Fin Ser Sec80%–100%
Units issued by (REITs) & (InvITs)0%–10%
Asset Allocation
Domestic Equity95.4%
Cash & Equivalents4.6%
Fund Managers
AR
Alok Ranjan
Fund Manager
Key Information
2.51%
₹500from this fund's primary plan
₹5,000
1% on or before 12M
Nil
Inception04 Jun 2018
AMC—
Top Holdings As of 30 Jun 2023 · disclosed on this fund's primary plan
1HDFC Bank Ltd.Bank20.02%
2ICICI Bank Ltd.Bank16.82%
3Axis Bank Ltd.Bank9.45%
4Bajaj Finance Ltd.Finance7.85%
5State Bank Of IndiaBank7.26%
6Cholamandalam Investment and Finance Company Ltd.Finance6.53%
7Kotak Mahindra Bank Ltd.Bank5.57%
8Housing Development Finance Corporation Ltd. - (Amalgamated)Finance4.50%
9TREPSMiscellaneous4.20%
10Can Fin Homes Ltd.Finance3.47%
Sector Allocation
Bank64.8%
Finance27.9%
Miscellaneous4.2%
Insurance2.8%
Others0.4%
On This Page
NAV growthAsset allocationTop holdings
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Latest News

No recent news found for IDBI Banking & Financial Services Fund - Regular Plan - IDCW.

IDBI Banking & Financial Services Fund - Regular Plan - IDCW Latest News

Trailing Returns
PeriodReturns
1 Day-0.33%
Risk Metrics

Risk metrics are not available for this fund.

Fees
2.51%
1% on or before 12M
Nil
₹500from this fund's primary plan
₹5,000
Capital Gains Tax, general rules

This is an equity-oriented fund. Under rules effective since Budget 2024 (23 July 2024):

Short-Term Capital Gains (held ≤ 12 months): taxed at a flat 20%.

Long-Term Capital Gains (held > 12 months): taxed at 12.5% on gains above ₹1.25 lakh in a financial year, with no indexation benefit.

General information only, not tax advice, actual liability depends on your overall income and applicable law at the time of redemption. Consult a tax advisor for your specific situation.

Frequently Asked QuestionsGeneral mutual-fund FAQs, not specific to this scheme