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Unrated

IDBI Banking & Financial Services Fund - Regular Plan


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 0.81 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.10 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 multi 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund -24.56 -1.70 1.88 7.85 13.35 -24.70 -18.53 -- -- -- --
S&P BSE Bankex TRI -30.87 -2.22 2.23 5.17 10.67 -30.73 -26.03 -- -- -- --
Equity: Sectoral-Banking -29.38 -2.02 2.27 7.19 13.30 -29.30 -25.66 -- -- -- --
Rank within category 5 4 16 6 10 5 6 -- -- -- --
Number of funds in category 23 23 23 23 23 23 18 17 15 10 8

As on 10-Jul-2020

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
Unrated
Jun-18 -18.53 -- -- 2.46 90
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -17.09 3.02 9.59 2.41 1,350
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -13.65 0.84 -- 2.62 434
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -27.59 -2.14 3.57 0.18 4,876
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -27.56 -2.16 3.67 0.18 3,995

Best & Worst Performance

Best (Period) Worst (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 28.05 (24-Mar-2020 - 23-Jun-2020) -43.19 (23-Dec-2019 - 23-Mar-2020)
Year 19.62 (12-Feb-2019 - 12-Feb-2020) -37.78 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 2.36 29.12 -0.10 -0.10 -- --
Equity: Sectoral-Banking* -1.33 30.32 -0.19 -0.25 0.99 -3.72
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 78.94
Top 5 Stocks (%) 65.72
Top 3 Sectors (%) 94.17
Portfolio P/B Ratio 2.36
Portfolio P/E Ratio 20.21

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,84,941 1,59,142
Giant (%) 79.99 74.90
Large (%) 9.42 7.41
Mid (%) 8.88 16.09
Small (%) 1.71 3.96
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 HDFC Bank Financial 22.27 26.77 0.00 26.77
equal HDFC Financial 15.26 14.69 2.06 13.17
equal ICICI Bank Financial 24.39 14.74 0.00 12.27
equal Kotak Mahindra Bank Financial 31.08 11.79 0.00 8.90
equal Axis Bank Financial 66.93 7.62 0.00 4.61
equal Bajaj Finance Financial 37.93 4.85 0.00 3.57
equal State Bank of India Financial 8.83 6.50 0.00 3.31
equal Max Financial Services Financial 104.35 2.32 0.00 2.32
equal Muthoot Finance Financial 13.85 2.02 0.00 2.02
equal ICICI Prudential Life Insurance Co. Ltd. Financial 56.16 3.87 1.77 2.00
equal Cholamandalam Invest. & Fin. Financial 16.21 4.03 0.00 1.97
down SBI Life Insurance Company Financial 60.46 2.36 0.00 1.90
equal Bajaj Finserv Financial 30.66 3.02 0.00 1.84
equal ICICI Lombard General Insurance Company Financial 47.94 1.87 0.00 1.64
equal Federal Bank Financial 6.87 2.79 0.00 1.61
equal HDFC Asset Management Company Financial 41.45 1.36 0.00 1.21
equal Can Fin Homes Financial 12.76 1.12 0.00 1.12
equal SBI Cards & Payments Services Financial 53.03 1.27 0.00 1.11
equal City Union Bank Financial 20.56 3.44 0.00 1.00
equal M&M Financial Services Financial 11.71 1.93 0.00 0.74
equal Nippon Life India Asset Management Financial 42.81 1.28 0.00 0.62
equal Muthoot Capital Services Financial 10.71 3.86 0.00 0.47

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 30-Jun-2020

Fund Manager

— Uma Venkatraman since 14-May-2018

Education: Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.

Funds Managed:


-1.70%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 8.6600

Dividend: ₹ 8.6600


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 04-Jun-2018
Return Since Launch: -6.85%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 90 Cr (As on 30-Jun-2020)
Expense: 2.46% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: 44.00%

Contact Information

AMC: IDBI Asset Management Ltd.

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

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

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

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM