FAQ : IDBI Banking & Financial Services Fund - Regular Plan - Growth

IDBI Banking & Financial Services Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 17.58 20.71 8.57 N/A
Average Rolling Returns(%) 11.11 10.53 N/A N/A

The Current NAV of IDBI Banking & Financial Services Fund - Regular Plan - Growth is ₹15.25.

You should look for a fund with better more consistent performance track record. However, funds returns unlikely to be different than its benchmark Nifty Financial Services, as the Funds portfolio is similar to its benchmark.

IDBI Banking & Financial Services Fund - Regular Plan - Growth fund’s expense ratio is 2.51%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of IDBI Banking & Financial Services Fund - Regular Plan - Growth is currently ₹87 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 46% of its portfolio. Top 5 and 10 stocks of fund account for 61% and 84% of fund’s portfolio respectively.

Top three sectors of IDBI Banking & Financial Services Fund - Regular Plan - Growth fund are BFSI, Miscellaneous and accounting for 100% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of IDBI Banking & Financial Services Fund - Regular Plan - Growth Fund is Equity - Sectoral Fund - Banks & Financial Service.

Alok Ranjan manages the IDBI Banking & Financial Services Fund - Regular Plan - Growth Fund.

IDBI Banking & Financial Services Fund - Regular Plan - Growth current PE ratio is 23.98 and PB ratio is 3.73

The asset allocation of IDBI Banking & Financial Services Fund - Regular Plan - Growth is Stocks : 95.42%, Debt : 4.57% and Gold : 0%

The minimum SIP amount for IDBI Banking & Financial Services Fund - Regular Plan - Growth is ₹500.00 and minimum lumpsum is ₹5000.00

The exit load for IDBI Banking & Financial Services Fund - Regular Plan - Growth is 1% on or before 12 months

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