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Indiabulls Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • 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 25% (effectively 29.12%, 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.43 0.07 0.15 0.40 1.36 3.03 6.82 -- -- -- --
CCIL T Bill Liquidity Weight 1.06 0.04 0.19 0.48 1.06 1.96 4.08 -- -- -- --
Debt: Money Market 1.58 0.08 0.22 0.57 1.51 3.15 7.22 -- -- -- --
Rank within category 16 17 17 19 16 16 14 -- -- -- --
Number of funds in category 19 20 20 19 19 19 17 13 13 13 0

As on 03-Apr-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.48 (24-Mar-2020 - 31-Mar-2020) -0.33 (17-Mar-2020 - 24-Mar-2020)
Month 1.01 (03-May-2019 - 04-Jun-2019) -0.05 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.28 (06-May-2019 - 05-Aug-2019) 0.94 (24-Dec-2019 - 24-Mar-2020)
Year 8.16 (02-Nov-2018 - 04-Nov-2019) 6.71 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.27 -5.49 -9.70 -- --
Debt: Money Market* 7.03 0.71 3.38 8.30 0.95 2.88
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-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 11 1 39
Modified Duration (yrs) 0.21 0.70 0.21 0.34
Average Maturity (yrs) 0.22 0.73 0.22 0.34
Yield to Maturity (%) 5.53 7.56 5.53 5.79

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal HDFC 351-D 13/08/2020 Commercial Paper A1+ 0.00 - 91.21 41.87
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 21.46 21.46
new Tata Power 88-D 06/03/2020 Commercial Paper A1+ 0.00 - 8.60 8.60
new Reserve Bank of India 48-D 23/03/2020 Treasury Bills SOV 0.00 - 8.58 8.58
new ICICI Bank 23/03/2020 Certificate of Deposit A1+ 0.00 - 8.58 8.58

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 29-Feb-2020

Fund Manager

— Vikrant Mehta since 20-Jun-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.07%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 1,116.8077

Dividend Weekly: ₹ 1,005.6511

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Dividend Monthly: ₹ 1,006.0535

Dividend Daily: ₹ 1,005.1490


Investment Strategy

The scheme seeks to provide reasonable returns, commensurate with moderately low risk while providing a high level of liquidity.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 19-Sep-2018
Return Since Launch: 7.44%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 23 Cr (As on 29-Feb-2020)
Expense: 0.09% (As on 29-Feb-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Apr-20200.6132

 31-Mar-20200.1290
 30-Mar-20200.4676
 27-Mar-20200.3630
 16-Mar-20200.2353
 11-Mar-20200.2577
 09-Mar-20200.2993
 06-Mar-20200.0560
 05-Mar-20200.1549
 04-Mar-20200.4109
 02-Mar-20200.2467
 27-Feb-20200.0990
 26-Feb-20200.0805
 25-Feb-20200.0897
 24-Feb-20200.4059
 20-Feb-20200.2080
 18-Feb-20200.2806
 17-Feb-20200.2160
 14-Feb-20200.1605
 13-Feb-20200.2062
 12-Feb-20200.0733
 11-Feb-20200.1583
 10-Feb-20200.3811
 07-Feb-20200.1047
 06-Feb-20200.3638
Dividend Weekly30-Mar-20200.9094

 16-Mar-20200.4470
 09-Mar-20200.9822
 02-Mar-20200.6190
 24-Feb-20200.8078
 17-Feb-20200.8803
 10-Feb-20201.1394
 03-Feb-20200.5141
 27-Jan-20201.0667
 20-Jan-20200.4403
 13-Jan-20201.3619
 06-Jan-20200.7993
 30-Dec-20190.5707
 23-Dec-20190.9219
 16-Dec-20190.6498
 09-Dec-20190.2727
 02-Dec-20190.8430
 25-Nov-20191.1171
 18-Nov-20191.2022
 11-Nov-20190.7094
 04-Nov-20191.2426
 29-Oct-20190.8602
 22-Oct-20191.7045
 14-Oct-20190.7741
 07-Oct-20191.1481
Dividend Monthly26-Mar-20203.9235

 25-Feb-20203.5468
 27-Jan-20203.9574
 26-Dec-20192.6739
 25-Nov-20194.2441
 25-Oct-20195.3208
 25-Sep-20193.1823
 26-Aug-20194.0683
 25-Jul-20193.9599
 25-Jun-20194.0612
 27-May-20195.8597
 25-Apr-20194.2887
 25-Mar-20194.4708
 25-Feb-20194.0782
 25-Jan-20195.1717
 26-Dec-20184.4974
 26-Nov-20184.6765
 25-Oct-20184.4726
 25-Sep-20181.1639
Dividend Fortnightly10-Oct-20182.2473

 25-Sep-20181.1575

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: www.indiabullsamc.com

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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

Registration Over