VR Logo

3 star

IDBI Banking & Financial Services Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.52 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.00 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 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 23.63 -0.21 2.30 3.57 11.87 23.85 53.84 14.97 -- -- --
S&P BSE Bankex TRI 25.86 -0.27 2.51 4.06 13.27 27.60 63.81 17.34 -- -- --
Equity: Sectoral-Banking 28.21 -0.59 2.36 4.28 11.84 27.58 64.13 15.75 -- -- --
Rank within category 22 4 19 23 18 23 20 15 -- -- --
Number of funds in category 28 30 30 30 29 28 25 18 17 11 8

As on 19-Oct-2021

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
3 star
Jun-18 53.84 14.97 -- 2.53% 98
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 56.66 22.04 17.13 1.97% 2,948
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 52.08 20.94 15.77 2.26% 821
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 59.90 21.95 14.43 2.62% 444
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 63.18 15.93 15.16 0.18% 9,710

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
Fund 16.42 28.72 0.43 0.50 0.86 -1.40
S&P BSE Bankex TRI 20.07 32.71 0.49 0.59 -- --
Equity: Sectoral-Banking 18.06 32.68 0.45 0.53 0.96 -1.30
Rank within category 16 4 15 14 3 12
Number of funds in category 18 18 18 18 18 18

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

As on 30-Sep-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 25
Top 10 Stocks (%) 80.55
Top 5 Stocks (%) 62.05
Top 3 Sectors (%) 99.81
Portfolio P/B Ratio 3.13
Portfolio P/E Ratio 27.05

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,49,366 2,75,046
Giant (%) 76.43 75.18
Large (%) 4.42 8.20
Mid (%) 15.26 14.99
Small (%) 3.90 4.08
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 27.33 27.05 7.84 19.28
equal ICICI Bank Financial 25.89 15.81 2.58 15.81
equal HDFC Financial 25.30 14.69 6.42 12.87
equal Bajaj Finance Financial 104.63 7.76 2.16 7.76
equal Kotak Mahindra Bank Financial 40.59 11.79 5.18 6.33
equal Axis Bank Financial 29.09 7.62 0.00 5.06
equal State Bank of India Financial 17.43 6.50 2.90 4.66
equal Aavas Financiers Financial 74.70 3.38 0.00 3.19
equal Cholamandalam Investment & Finance Company Financial 35.23 4.03 1.64 2.84
equal Bajaj Finserv Financial 74.17 3.02 1.55 2.75
equal Can Fin Homes Financial 19.49 2.71 0.00 2.70
equal Max Financial Services Financial 106.79 2.61 0.00 2.12
equal HDFC Life Insurance Insurance 120.59 2.19 0.00 1.76
equal AU Small Finance Bank Financial 31.19 1.57 0.00 1.32
equal Muthoot Finance Financial 15.86 2.33 0.00 1.31
equal LIC Housing Fin. Financial 11.91 1.49 0.00 1.30
equal The Federal Bank Financial 12.09 2.79 0.00 1.29
equal Shriram Transport Finance Company Financial 16.34 1.66 0.00 1.26
equal DCB Bank Financial 9.95 1.75 0.00 1.19
equal City Union Bank Financial 20.27 3.44 0.00 1.09
equal ICICI Lombard General Insurance Company Insurance 61.19 1.87 0.00 0.99
equal SBI Cards & Payments Services Financial 115.25 1.49 0.00 0.88
equal Bank of Baroda Financial 13.55 1.67 0.00 0.82
equal HDFC Asset Management Company Financial 44.96 1.36 0.00 0.72
new Indusind Bank Financial 26.91 6.39 0.00 0.51

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-Sep-2021

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:


-0.21%

Change from previous, NAV as on 19-Oct-2021

Growth: ₹ 14.2300

IDCW: ₹ 14.2300


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
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: 11.10%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 98 Cr (As on 30-Sep-2021)
Expense: 2.53% (As on 31-Aug-2021)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 27.00%

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

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM