IDBI Banking Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 14.7 as on 08-02-2023
Fund Performance
6 people have invested ₹ 9K in mutual fund in the last three months
Fund Insights
In the last 1 year, Tata Banking & Financial Services Fund Direct Growth has given 11.41% return, outperforming this fund by 6.91%
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 11.68% return, outperforming this fund by 4.12% per annum
INDmoney Rank
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IND ranking is not available for this fund.
Pros
Hold on while we find any good points for this fund.
Cons
3Y returns in the bottom 25% of the category
Fund Performance as on (19-Jan-23)
About the Fund
IDBI Banking Financial Services Fund Direct Growth is an equity fund. This fund was started on 29 May, 2018. The fund is managed by Alok Ranjan. The fund could potentially beat inflation in the long-run.
Key parameters
1) IDBI Banking Financial Services Fund Direct Growth has a NAV of ₹14.7 as on 08-02-2023.
2) IDBI Banking Financial Services Fund Direct Growth has ₹83 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.
3) The fund has an expense ratio 1.5 %.
Fund Overview
Expense ratio | 1.5% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹83 Cr |
Inception Date | 29 May, 2018 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 662.77% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
88.6%
Mid cap
5.3%
Small cap
3.1%
Sector Allocation
Financial Services
100%
Top Holdings as on (31-Dec-22)
Equity Holdings19
Debt Holdings1
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
HDFC Bank Ltd | 19.91% | 0% | |
ICICI Bank Ltd | 17.86% | -10.1% | |
Housing Development Finance Corp Ltd | 9.6% | -17.2% | |
Axis Bank Ltd | 8.85% | 0% | |
State Bank of India | 7.7% | 0% |
See all
What changed
in last one month
AUM decreased by 2.4 Cr in last 1M
Dec'22 return outperformed benchmark
Change in AUM
Dec'22
₹ 87.5 Cr
Nov'22
₹ 89.9 Cr
Oct'22
₹ 89.8 Cr
Fund Returns vs Benchmark
Jan'23
5.60%
5.37%
Dec'22
3.74%
2.63%
Nov'22
5.60%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Bank of Baroda | 8.1% |
Federal Bank Ltd | 4.8% |
Axis Bank Ltd | 3.3% |
Peer Analysis
Fund Manager
Alok Ranjan
Fund Manager of IDBI Banking Financial Services Fund Direct Growth, since 16 August 2021
Top funds managed
AMC details
Fund House
IDBI Asset Management Limited
Total Schemes
Total AUM
₹3.78K Cr
as on 31-Dec-2022
Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Email
contactus@idbimutual.co.in
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 8.41% since inception which is less than its category average return of 25.86%
Fund Allocations
This fund has an allocation of 97% in Equity, 0% in Debt and 3% in Cash related instruments
AUM size ₹83 Cr
This fund has AUM of ₹83 Cr which is less than its category average of ₹ 1391 Cr
Expense Ratio 1.5%
This fund has an expense ratio of 1.5% which is less than its category average expense ratio of 1.53%
Frequently Asked Questions
The current NAV of IDBI Banking Financial Services Fund Direct Growth is 14.61 as on 07-Feb-2023.
Existing (Absolute + CAGR)
IDBI Banking Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.68% | -0.68% |
6 Month Returns | 4.58% | 4.58% |
1 Year Returns | 4.51% | 4.51% |
3 Years Returns | 24.45% | 7.56% |
5 Years Returns | 0% | 0% |
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1.5 as on January 2023
87 Cr as on January 2023
HDFC Bank Ltd(19.91%),ICICI Bank Ltd(17.86%),Housing Development Finance Corp Ltd(9.6%),Axis Bank Ltd(8.85%),State Bank of India(7.7%) as on January 2023
The alpha ratio for the IDBI Banking Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
IDBI Banking Financial Services Fund Direct Growth | -0.38 | -1.32 | - |
As on January 2023
The alpha for IDBI Banking Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the IDBI Banking Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
IDBI Banking Financial Services Fund Direct Growth | 1.02 | 0.96 | - |
As on January 2023
The Beta for IDBI Banking Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the IDBI Banking Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
IDBI Banking Financial Services Fund Direct Growth | -0.07 | 0.25 | - |
As on January 2023
The sharpe ratio for IDBI Banking Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the IDBI Banking Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
IDBI Banking Financial Services Fund Direct Growth | 20.13 | 29.96 | - |
As on January 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.35 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Alok Ranjan is the fund manager of IDBI Banking Financial Services Fund Direct Growth
The Exit load of IDBI Banking Financial Services Fund Direct Growth is 1%
Mutual Fund execution provided by
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.