However, Scripbox does not recommend investing in sectoral / thematic - bfsi mutual funds.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.
100 Cr. Small within the category
Relatively Poor. The category has a relatively poor investment outlook
Consistency Of Performance
Poor. The historical performance of the fund has been poor
The objective of the scheme is 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. However there can be no assurance that the investment objective under the scheme will be realized
Low to Moderate
Very High Risk
May 29, 2018
Launched (3y ago)
AUM in Crores
IISL Nifty Financial Services TR INR
Returns Calculator Comparison
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 965,796||₹ 233,184||11.25%|
|EPF||₹ 900,761||₹ 168,149||8.50%|
|Property||₹ 867,662||₹ 135,050||7.00%|
|PPF||₹ 869,819||₹ 137,207||7.10%|
|Bank FD||₹ 846,471||₹ 113,859||6.00%|
|Gold||₹ 846,471||₹ 113,859||6.00%|
|Savings Bank||₹ 825,950||₹ 93,338||5.00%|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Comparison with Equity Funds
About the AMC
IDBI Asset Management Limited
IDBI Asset Management Limited manages assets worth 3,935 crores and was set up on 25 January 2010. It's current offering of mutual fund schemes includes 40 equity,35 debt and 8 hybrid funds.
₹ 798 Cr
₹ 511 Cr
₹ 387 Cr
₹ 387 Cr
₹ 798 Cr
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IDBI Banking Financial Services Fund (DP-A) is a sectoral / thematic - bfsi equity fund and has delivered an annualised return of 8.7% over a period of 3 years ..The fund is managed by IDBI Asset Management Limited.The fund manager’s name is Uma Venkatraman.
The objective of the scheme is 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. However there can be no assurance that the investment objective under the scheme will be realized However, there is no assurance that the objective of the scheme will be realized.
The IDBI Banking Financial Services Fund (DP-A) fund was launched on May 29, 2018. The NAV (Net Asset Value) of this sectoral / thematic - bfsi equity as of 2021-03-03 is ₹ 12.92. The total AUM (Asset Under Management) of the fund as of 2021-03-03 is ₹ 99.301. The category risk of the IDBI Banking Financial Services Fund (DP-A) fund is Very High Risk. The fund charges 2.5 % as expense ratio.
The fund’s highest allocation is towards equity and has invested 98.0% in this asset class. The top three holdings of the fund are hdfc bank ltd,icici bank ltd and housing development finance corp ltd
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty Financial Services TR INR
IDBI Banking Financial Services Fund (DP-A) has a score of 1 on a scale of 5. The fund scores 2 out of 5 based on historical performance. As compared to the other funds in its category, IDBI Banking Financial Services Fund (DP-A) has a score of 2 out of 5. Scipbox has rated this fund 2 out of 5 based on consistency of performance over various years / tenures.