In the light of recent outbreak of Coronavirus (Covid-19), Investors are now permitted to send transactions requests from their registered email ID in their folio for additional purchase, redemption, and switch to salesreport@idbimutual.co.in.In addition, Investors can also send request to stop their on-going SIPs to contactus@idbimutual.co.in from the registered email id in their folio/s. Please refer to the Notice dated April 02, 2020 for more details.

Product Snapshot

 
Fund Name
IDBI BANKING & FINANCIAL SERVICES FUND  
 
NatureAn open ended equity scheme investing in Banking & Financial Services Sector.
Investment Objective


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.
Asset AllocationThe asset allocation pattern for the scheme under normal circumstances is detailed in the table below:
Instrument Indicative allocation
(% of total assets)
Risk Profile
  Minimum Maximum  
Equity & Equity related instruments of companies engaged in Banking & Financial Services Sector 80% 100% High
Equity and Equity related instruments of other than Banking & Financial Services Sector Companies 0% 20% High
Debt and Money Market instruments 0% 20% Low to Medium
Units issued by Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) 0% 10% Medium to High
For more details about asset allocation, please refer to the Scheme Information Document (SID)
Fund Manager

Ms. Uma Venkatraman

Benchmark
NIFTY Financial Services -Total Return Index (TRI)
Face Value
Rs.10/- per unit
Entry Load
Not applicable
Exit Load
1% for exit (repurchase/switch out/transfer/SWP within 12months from the date of allotment.
Plans & Options
The Scheme offers following plans for investment:-
  • Regular Plan
  • Direct Plan
 
Within each Plan there are two Options:
  1. Dividend Option
  2. Growth Option
The Dividend option under both Plans offers following modes of dividend:
  • Dividend Payout
  • Dividend Re-investment
  • Dividend Sweep
Minimum Investment
Rs. 5000 and in multiplesof Re. 1 thereafter
Additional Purchase
Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Investment Plan (SIP)
  • Rs. 1000 per month for a minimum period of 6 months
  • Rs. 500 per month for a minimum period of 12 months
  • Rs. 1500 per quarter for minimum period of 4 quarters.
Investments above minimum amount mentioned, shall be made in multiples of Re. 1 for all SIP in both Options irrespective of frequency of SIP
Riskometer
This product is suitable for investors who are seeking*:
  • Long term capital growth
  • Investment predominantly in equity & equity related instruments of companies engaged in Banking & Financial Services Sector.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.