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Unrated

IDBI Banking & Financial Services Fund - Direct Plan


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 0.87 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.12 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.

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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 -24.89 0.00 1.48 0.56 13.38 -24.26 -12.83 -- -- -- --
S&P BSE Bankex TRI -31.42 -0.26 2.21 0.61 12.22 -29.66 -19.74 -- -- -- --
Equity: Sectoral-Banking -26.03 0.12 2.00 1.34 14.47 -25.67 -13.13 -- -- -- --
Rank within category 6 7 10 11 7 5 6 -- -- -- --
Number of funds in category 13 13 13 13 13 13 12 11 10 7 0

As on 13-Aug-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 - Direct Plan
Unrated
Jun-18 -12.83 -- -- 1.49 92
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 -7.80 4.01 11.57 1.13 1,403
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 -7.30 1.86 -- 1.08 448
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 -15.70 -3.31 7.07 1.19 2,633
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 -22.24 -7.28 2.91 1.55 1,988

Best & Worst Performance

Best (Period) Worst (Period)
Week 16.22 (26-May-2020 - 02-Jun-2020) -25.33 (16-Mar-2020 - 23-Mar-2020)
Month 24.47 (22-May-2020 - 23-Jun-2020) -42.15 (20-Feb-2020 - 23-Mar-2020)
Quarter 28.28 (24-Mar-2020 - 23-Jun-2020) -43.07 (23-Dec-2019 - 23-Mar-2020)
Year 21.54 (12-Feb-2019 - 12-Feb-2020) -37.09 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 0.04 28.74 -0.18 -0.18 -- --
Equity: Sectoral-Banking* 0.07 28.11 -0.18 -0.18 0.95 -0.25
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-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 78.73
Top 5 Stocks (%) 64.38
Top 3 Sectors (%) 94.69
Portfolio P/B Ratio 2.34
Portfolio P/E Ratio 19.67

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,82,313 1,55,438
Giant (%) 79.05 74.28
Large (%) 10.03 7.58
Mid (%) 9.15 16.07
Small (%) 1.77 4.83
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 20.43 26.77 0.00 25.60
equal HDFC Financial 14.73 14.69 2.06 13.19
equal ICICI Bank Financial 23.43 14.74 0.00 11.95
equal Kotak Mahindra Bank Financial 31.06 11.79 0.00 8.82
equal Axis Bank Financial 81.07 7.62 0.00 4.82
equal Bajaj Finance Financial 40.95 4.85 0.00 4.04
equal State Bank of India Financial 8.34 6.50 0.00 3.50
equal Max Financial Services Financial 59.00 2.36 0.00 2.36
equal Muthoot Finance Financial 15.04 2.33 0.00 2.33
equal SBI Life Insurance Company Financial 59.80 2.36 0.00 2.12
equal ICICI Prudential Life Insurance Co. Ltd. Financial 63.18 3.87 1.77 2.10
equal Cholamandalam Invest. & Fin. Financial 15.79 4.03 0.00 2.08
equal Bajaj Finserv Financial 27.02 3.02 0.00 1.93
equal Federal Bank Financial 6.66 2.79 0.00 1.68
equal ICICI Lombard General Insurance Company Financial 48.35 1.87 0.00 1.66
equal SBI Cards & Payments Services Financial 59.76 1.27 0.00 1.27
equal Can Fin Homes Financial 12.97 1.20 0.00 1.20
equal HDFC Asset Management Company Financial 38.95 1.36 0.00 1.16
equal City Union Bank Financial 18.08 3.44 0.00 0.99
equal M&M Financial Services Financial 9.08 1.93 0.00 0.57
equal Nippon Life India Asset Management Financial 37.08 1.28 0.00 0.52
equal Muthoot Capital Services Financial 9.96 3.86 0.00 0.45
new M&M Financial Services Financial 9.08 0.35

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-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:


0.00

Change from previous, NAV as on 13-Aug-2020

Growth: ₹ 8.9000

Dividend: ₹ 8.9000


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: -5.46%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 92 Cr (As on 31-Jul-2020)
Expense: 1.49% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --
Turnover: 38.00%

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

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