IDBI Banking & Financial Services Fund – Dir Growth

Equity · Sectoral / Thematic
 · ★★
₹ 500
Min SIP
₹ 5,000
Min Lumpsum
1.5 %
Expense Ratio
★★
Rating
86
Fund Size (in Cr)
6 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 21 July 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 25.5% 21.8% 10.4% 10.3%
Category Average 24.8% 22.8% 13.4% -

Scheme Allocation

By Holding
By Sector
By Asset
20.02%
16.82%
9.45%
Others
38.6%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 20.02%
ICICI Bank Banks Equity 16.82%
Axis Bank Banks Equity 9.45%
Bajaj Finance Finance Equity 7.85%
St Bk of India Banks Equity 7.26%
Cholaman.Inv.&Fn Finance Equity 6.53%
Kotak Mah. Bank Banks Equity 5.57%
H D F C Finance Equity 4.5%
Can Fin Homes Finance Equity 3.47%
Bajaj Finserv Finance Equity 2.68%
Federal Bank Banks Equity 2.19%
Bank of Baroda Banks Equity 2.17%
HDFC Life Insur. Insurance Equity 1.8%
Max Financial Finance Equity 1.36%
AU Small Finance Banks Equity 1.33%
ICICI Lombard Insurance Equity 0.95%
SBI Cards Finance Equity 0.82%
HDFC AMC Finance Equity 0.65%
Banks
64.81%
Finance
25.85%
Debt
4.2%
Insurance
4.11%
Capital Markets
0.65%
Others
0.38%
View all Sectors
Sectors Asset
Banks 64.81%
Finance 25.85%
Debt 4.2%
Insurance 4.11%
Capital Markets 0.65%
Cash & Others 0.38%
Equity
95.42%
Reverse Repos
4.2%
Net Curr Ass/Net Receivables
0.38%
Others
0%

Advance Ratio

-0
Alpha
1.29
SD
1.17
Beta
0.06
Sharpe

Exit Load

Exit Load 1% - For exit (repurchase/switch-out/transfer/swp) within 12 months from the date of allotment. Nil - For exit after 12 month from the date of allotment.

Fund 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 Managers

Alok Ranjan - Equity - Fund Manager

Mr. Alok Ranjan is the Head Equity and Fund Manager at IDBI Mutual Fund. He has about 25 years of experience in different fields of financial services. His educational qualifications include MBA (Finance) and B.Sc Physics (Honors). Before joining IDBI Mutual Fund, he worked with Shriram Asset Management Ltd.(Fund Manager), Way2wealth Securities Ltd.(Head of Research), and Advisory First Global Ltd.(Vice President Research).

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

IDBI Mutual Fund
AUM:
3,740 Cr
Address:
4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005
Contact:
022 - 66442800
Email ID:
contactus@idbimutual.co.in

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Frequently Asked Questions

How to invest in IDBI Banking & Financial Services Fund – Dir Growth ?

You can invest in IDBI Banking & Financial Services Fund – Dir Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for IDBI Banking & Financial Services Fund – Dir Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of IDBI Banking & Financial Services Fund – Dir Growth ?

The NAV of IDBI Banking & Financial Services Fund – Dir Growth is ₹16.6 as of 21 July 2023.

How to redeem IDBI Banking & Financial Services Fund – Dir Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of IDBI Banking & Financial Services Fund – Dir Growth?

The minimum SIP amount of IDBI Banking & Financial Services Fund – Dir Growth is ₹500

What are the top sectors IDBI Banking & Financial Services Fund – Dir Growth has invested in?

The top sectors IDBI Banking & Financial Services Fund – Dir Growth has invested in are
  1. Banks - 64.81%
  2. Finance - 25.85%
  3. Debt - 4.2%
  4. Insurance - 4.11%
  5. Capital Markets - 0.65%

Can I make investments in both the SIP and Lump Sum schemes of IDBI Banking & Financial Services Fund – Dir Growth?

Yes, You can select both SIP or Lumpsum investment of IDBI Banking & Financial Services Fund – Dir Growth based on your investment objective and risk tolerance.

How much returns have IDBI Banking & Financial Services Fund – Dir Growth generated ?

The IDBI Banking & Financial Services Fund – Dir Growth has delivered 10.3% since inception

What is the expense ratio of IDBI Banking & Financial Services Fund – Dir Growth ?

The expense ratio of IDBI Banking & Financial Services Fund – Dir Growth is 1.5 % as of 21 July 2023.

What is the AUM of IDBI Banking & Financial Services Fund – Dir Growth?

The AUM of IDBI Banking & Financial Services Fund – Dir Growth is ₹3,740 Cr as of 21 July 2023

What are the top stock holdings of IDBI Banking & Financial Services Fund – Dir Growth?

The top stock holdings of IDBI Banking & Financial Services Fund – Dir Growth are
  1. HDFC Bank - 20.02%
  2. ICICI Bank - 16.82%
  3. Axis Bank - 9.45%
  4. Bajaj Finance - 7.85%
  5. St Bk of India - 7.26%

How can I redeem my investments in IDBI Banking & Financial Services Fund – Dir Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select IDBI Banking & Financial Services Fund – Dir Growth in Scheme, enter the redemption amount, and click on submit button.
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