IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl
IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl

IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl

Equity
Direct
Sector - Financial Services

NAV: ₹ 13.6 as on 29-09-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
-3.3%
12%
2.5%
-5%
7.4%
Benchmark
9.1%
-2%
-3%
16.1%
11.2%
Category
-1.8%
13.7%
5.4%
-0.1%
8%
About the Fund

IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl has a NAV of 13.63 as on 29-09-2022.

2) IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl has 92 Cr worth of assets under management (AUM) as on 31-07-2022 and is less than category average.

3) The fund has an expense ratio 1.5 %.

Fund Overview

Expense ratio
Expense ratio
1.5%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹92 Cr
Inception Date
Inception Date
29 May, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
662.77%

Fund Distribution

  • Equity 99.6%
  • Debt & Cash 0.4%
Size breakup
Large cap
89.7%
Mid cap
6.4%
Small cap
3.4%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

100%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings21
Equity Holdings20
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 2.6 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 91.9 Cr
Jul'22
₹ 89.2 Cr
Jun'22
₹ 84.4 Cr

Fund Returns vs Benchmark

Aug'22
13.72%
9.49%
Jul'22
13.72%
9.49%
Jun'22
-6.10%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
21
24
24
Top 5 Company Concentration
66.3%
65.2%
64.6%
Company having highest exposure
ICICI Bank Ltd (21.4%)
ICICI Bank Ltd (20.4%)
ICICI Bank Ltd (19.8%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (99.6%)
Financial Services (99.2%)
Financial Services (98.1%)

Fund Manager

Alok Ranjan

Alok Ranjan

Managing this fund since 16 August 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
IDBI Flexi Cap Fund Direct Growth
18.04%
15.53%
IDBI India Top 100 Equity Fund Direct Growth
16.8%
14.2%
IDBI Equity Advantage Fund Direct Growth
12.29%
15.78%

AMC details

Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Fund House
IDBI Asset Management Limited

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.4% since inception which is less than its category average return of 10.2%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.56% in Equity, 0% in Debt and 0.44% in Cash related instruments
AUM size ₹92 Cr

AUM size ₹92 Cr

This fund has AUM of ₹92 Cr which is less than its category average of ₹ 1437 Cr
Expense Ratio 1.5%

Expense Ratio 1.5%

This fund has an expense ratio of 1.5% which is less than its category average expense ratio of 1.63%

Frequently Asked Questions

The current NAV of IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl is 13.67.
Existing (Absolute + CAGR)
IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-4.61%
-4.61%
6 Month Returns
3.72%
3.72%
1 Year Returns
-5.2%
-5.2%
3 Years Returns
24.39%
7.55%
5 Years Returns
0%
0%
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1.5 as on August 2022
92 Cr as on August 2022
ICICI Bank Ltd(21.43%),HDFC Bank Ltd(18.27%),Housing Development Finance Corp Ltd(12.24%),Bajaj Finance Ltd(7.56%),Axis Bank Ltd(6.78%) as on August 2022
The alpha ratio for the IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl
1.22
-1.36
-
As on month end.
The alpha for IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl
1.07
0.96
-
As on month end.
The Beta for IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl
0.03
0.42
-
As on month end.
The sharpe ratio for IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl
20.1
29.68
-
As on month end.
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.
0.58
Alok Ranjan is the fund manager of IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl
The Exit load of IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl is 1%