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Unrated

IDBI Banking & Financial Services Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 Lakh

Analyst's Choice?

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 -2.44 -0.80 -2.95 -2.78 5.66 9.38 14.64 -- -- -- --
S&P BSE Bankex TRI -4.64 -0.94 -3.62 -5.12 5.18 6.06 14.10 -- -- -- --
Equity: Sectoral-Banking -3.15 -0.68 -2.88 -3.67 5.67 4.99 12.00 -- -- -- --
Rank within category 11 18 13 10 12 5 9 -- -- -- --
Number of funds in category 23 23 23 23 22 19 18 17 12 10 8

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 12.23 (23-Aug-2019 - 23-Sep-2019) -9.98 (05-Jul-2019 - 05-Aug-2019)
Quarter 19.09 (19-Sep-2019 - 19-Dec-2019) -12.21 (04-Jun-2019 - 03-Sep-2019)
Year 18.56 (14-Jan-2019 - 14-Jan-2020) -4.46 (21-Aug-2018 - 22-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 21.17 18.06 1.19 -- -- --
Equity: Sectoral-Banking* 16.74 19.68 0.65 0.90 0.99 -4.29
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 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 80.74
Top 5 Stocks (%) 63.42
Top 3 Sectors (%) 95.51
Portfolio P/B Ratio 3.45
Portfolio P/E Ratio 34.69

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,36,902 2,19,717
Giant (%) 78.27 74.25
Large (%) 12.83 11.49
Mid (%) 7.56 11.74
Small (%) 1.34 4.33
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
down HDFC Bank Financial 25.86 21.69 0.00 19.28
down ICICI Bank Financial 65.87 14.74 0.00 14.69
equal HDFC Financial 34.43 14.47 2.06 14.15
down Kotak Mahindra Bank Financial 34.73 11.79 0.00 8.62
down Axis Bank Financial 45.23 7.62 0.00 6.68
down State Bank of India Financial 27.88 6.50 0.00 4.85
down Bajaj Finance Financial 50.46 4.85 0.00 4.17
down Indusind Bank Financial 20.44 6.39 0.00 3.49
down Cholamandalam Invest. & Fin. Financial 20.40 4.03 0.00 2.49
down Bajaj Finserv Financial 40.70 3.02 0.00 2.32
down Federal Bank Financial 11.16 2.79 0.00 2.18
down SBI Life Insurance Company Financial 80.28 2.36 0.00 1.96
down ICICI Prudential Life Insurance Co. Ltd. Financial 63.29 3.87 1.77 1.77
down ICICI Lombard General Insurance Financial 52.38 1.69 0.00 1.40
down Bank of Baroda Financial 47.01 1.67 0.00 1.36
new HDFC Asset Management Company Financial 52.34 1.22 0.00 1.22
down Reliance Nippon Life Asset Management Financial 40.53 1.28 0.00 1.08
down Bandhan Bank Financial 25.06 3.96 0.00 1.05
new City Union Bank Financial 23.74 3.44 0.00 0.89
down DCB Bank Financial 15.77 0.90 0.00 0.77
new Muthoot Finance Financial 12.75 0.58 0.00 0.58
down Muthoot Capital Services Financial 13.77 3.86 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 31-Dec-2019

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:


-0.80%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 11.2000

Dividend: ₹ 11.2000


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: 7.26%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 127 Cr (As on 31-Dec-2019)
Expense: 2.50% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --
Turnover: 48.00%

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: www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM