Product Snapshot

 
Fund Name
IDBI FOCUSED 30 EQUITY FUND  
 
Nature

An open ended equity scheme investing in maximum 30 stocks (predominantly large cap).

Investment ObjectiveThe investment objective of the Scheme is to provide long term capital appreciation by investing in concentrated portfolio of large cap focused equity and equity related instruments of up to 30 companies and balance in debt and money market Instruments. However there can be no assurance that the investment objective of the Scheme will be realized.
Asset Allocation PatternThe 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 and Equity related instruments (which are not exceeding 30 companies)#  65% 100% High
Debt and Money Market Instruments 0% 35% Low to Medium

#The Scheme shall invest minimum 65%in large cap companies by market capitalization.

Fund ManagerMr. Ashish Mishra
BenchmarkNifty 100 Index-TRI
Face ValueRs. 10/- per unit
Entry LoadNot Applicable
Exit LoadOn an ongoing basis
1% for exit (repurchase/switch-out/Transfer/ SWP) within 12 months from the date of allotment
Taxation
IDBI Focused 30 Equity Fund Resident Investor** Mutual Fund**
Dividend Distribution Tax NIL NIL
Capital Gain    
Long Term
(units held for more than 12 months)
NIL NIL
Short Term
(units held for less than 12 months)
15% (plus applicable surcharge & cess) NIL

Unit holders of the equity oriented scheme will be charged securities transaction tax (STT) at applicable rate on value of redemption of units.
** For further details on taxation please refer to the Section on Taxation in the SAI and independently refer to your tax advisor.
Plan & Options
The Scheme offers following plans for investment :-
  1. Regular Plan
  2. 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:
  1. Dividend Payout
  2. Dividend Re-investment
  3. Dividend Sweep
Minimum InvestmentRs. 5000 and in multiples of Re. 1 thereafter
Additional PurchaseRs. 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 up to 30 companies and balance in debt & money market instruments
*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.