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2 star

IDBI Banking & Financial Services Fund - Regular Plan download report


1 Lakh

Investment Grown to
₹ 1.32 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.48 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
IDBI Banking & Financial Services Fund Reg-G 6.01 0.44 2.95 12.50 18.17 1.34 4.78 9.82 -- -- --
S&P BSE Bankex TRI 11.57 0.41 2.96 11.00 16.09 2.26 10.19 12.06 -- -- --
Equity: Sectoral-Banking 8.83 0.45 2.97 11.15 17.17 1.77 7.89 10.30 -- -- --
Rank within category 22 13 22 5 4 25 25 15 -- -- --
Number of funds in category 31 34 34 33 33 32 30 19 17 15 10

As on 12-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Banking & Financial Services Fund - Regular Plan
2 star
Jun-18 4.78 9.82 -- 2.52 89
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 4.97 12.86 11.96 1.94 3,553
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 6.14 13.43 10.29 2.71 568
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 1.16 11.69 9.46 2.55 444
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 9.29 10.81 10.16 0.19 9,645

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.20 26-May-2020 - 02-Jun-2020 -25.40 16-Mar-2020 - 23-Mar-2020
Month 24.12 22-May-2020 - 23-Jun-2020 -42.19 20-Feb-2020 - 23-Mar-2020
Quarter 39.85 24-Sep-2020 - 24-Dec-2020 -43.19 23-Dec-2019 - 23-Mar-2020
Year 88.40 23-Mar-2020 - 23-Mar-2021 -37.78 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
IDBI Banking & Financial Services Fund Reg-G 13.06 29.62 0.32 0.38 0.88 -0.88
S&P BSE Bankex TRI 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking 14.09 33.17 0.33 0.40 0.96 -0.82
Rank within category 14 5 14 14 5 11
Number of funds in category 19 19 19 19 19 19

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 86.02
Top 5 Stocks (%) 65.18
Top 3 Sectors (%) 99.25
Portfolio P/B Ratio 2.75
Portfolio P/E Ratio 20.08

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,90,037 2,61,530
Giant (%) 80.15 72.14
Large (%) 8.99 12.25
Mid (%) 8.26 13.21
Small (%) 2.60 4.78
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 21.96 20.36 11.37 20.36
equal HDFC Bank Financial 20.78 27.05 17.12 18.15
equal HDFC Financial 19.49 14.69 11.32 12.25
equal Bajaj Finance Financial 51.32 7.76 2.74 7.68
equal Axis Bank Financial 14.47 7.62 4.61 6.74
equal State Bank of India Financial 13.41 6.50 3.18 6.50
equal Kotak Mahindra Bank Financial 28.04 10.26 5.12 5.30
equal Cholamandalam Investment & Finance Company Financial 26.99 4.22 1.64 3.89
equal Can Fin Homes Financial 15.24 2.72 0.00 2.58
equal Bajaj Finserv Financial 49.91 2.90 1.55 2.57
equal The Federal Bank Financial 10.37 2.79 1.21 1.80
equal AU Small Finance Bank Financial 35.12 1.80 0.00 1.49
equal HDFC Life Insurance Insurance 83.13 2.19 0.00 1.49
equal Max Financial Services Financial 94.98 2.61 0.00 1.40
equal Bank of Baroda Financial 7.40 1.67 0.00 1.29
equal City Union Bank Financial 16.11 1.68 0.00 1.22
equal Aavas Financiers Financial 44.63 3.38 0.00 1.18
equal SBI Cards & Payments Services Financial 46.41 1.49 0.00 0.88
equal ICICI Lombard General Insurance Company Insurance 42.62 1.87 0.84 0.84
equal Muthoot Finance Financial 12.38 2.33 0.00 0.58
equal Indusind Bank Financial 15.44 4.38 0.00 0.53
equal HDFC Asset Management Company Financial 30.64 1.36 0.00 0.53

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Alok Ranjan since 06-Aug-2021

Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)

Experience: Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.

Funds Managed:


0.44%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 13.5900

IDCW: ₹ 13.5900


Investment Strategy

The scheme seeks 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.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 04-Jun-2018
Return Since Launch: 7.63%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 89 Cr (As on 31-Jul-2022)
Expense Ratio: 2.52% (As on 30-Jun-2022)
Risk Grade: Average
Return Grade: Below Average
Turnover: 2.00%

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Fax: 022-66442801

Website: http://www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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