3 Year return

0
Launched on January 1970 (54 years)

Investment Details

₹NA

Minimum SIP Amount

₹NA

Minimum one time investment

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Your Investment ₹3,00,000
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Risk Involved

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Scheme Information

Asset Under Management

₹ Cr.

Expense Ratio

% (inclusive of GST)

Exit Load

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

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Fund Holdings

Holdings

NA

There are no records found for Fund Manager

Fund House Details

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About IDBI Banking and Financial Services Fund Direct Plan (Growth)

Managed by IDBI Mutual Fund, IDBI Banking and Financial Services Fund Direct Plan (Growth) is a sectoral fund. It focuses on Banking and Financial Services sector. This fund is an open-ended fund, which means that you can buy and sell units of the fund anytime. The expense ratio of this fund is higher than the category average.

Investment Objectives of the Scheme

IDBI Banking and Financial Services Fund Direct Plan (Growth) aims to generate capital appreciation by investing at least 80% of its assets in equity and equity-related instruments of companies engaged in the banking and financial services sector. This includes banks, insurance companies, non-banking financial companies (NBFCs), and financial intermediaries.

Key Features of The Fund

5-year return NA
Expense Ratio NA
Fund Manager NA
Fund Size NA
Risk Profile NA

Is This Scheme Right for Me?

This fund is suitable for investors who have a medium to long-term investment horizon and are looking for growth potential in the banking and financial services sector. It is also a good option for investors who are familiar with the sector and are comfortable with the risks involved. IDBI Banking and Financial Services Fund Direct Plan (Growth) is a high-risk investment, as the banking and financial services sector is sensitive to economic fluctuations. There is also the risk of default by the companies in which the fund invests.

AMC Contact Details

Name NA
Launch Date NA
Addresss NA
Contact NA
Email NA
Website NA

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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Assess your risk tolerance through a straightforward questionnaire and craft a SIP plan that aligns perfectly with your financial aspirations. With a clear understanding of your risk appetite, you can make informed investment choices tailored to your unique circumstances. By striking the right balance, you'll pave the way for long-term financial stability and success. Use our SIP return calculator for aid.

FAQs

What is today's NAV of IDBI Banking and Financial Services Fund Direct Plan (Growth)?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of IDBI Banking and Financial Services Fund Direct Plan (Growth) Jan 01 1970 is

What is the AUM of IDBI Banking and Financial Services Fund Direct Plan (Growth)?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of IDBI Banking and Financial Services Fund Direct Plan (Growth) is crore.

What is the expense ratio of IDBI Banking and Financial Services Fund Direct Plan (Growth)?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of IDBI Banking and Financial Services Fund Direct Plan (Growth) is %

What are the returns of IDBI Banking and Financial Services Fund Direct Plan (Growth) since inception?

The IDBI Banking and Financial Services Fund Direct Plan (Growth) was launched on Jan 01 1970. The fund has delivered a CAGR of 0 since inception.

What is the minimum SIP amount to invest in IDBI Banking and Financial Services Fund Direct Plan (Growth)?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for IDBI Banking and Financial Services Fund Direct Plan (Growth) is .

How do I invest in IDBI Banking and Financial Services Fund Direct Plan (Growth)?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in IDBI Banking and Financial Services Fund Direct Plan (Growth)?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in IDBI Banking and Financial Services Fund Direct Plan (Growth)?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in IDBI Banking and Financial Services Fund Direct Plan (Growth)?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.