Fund Performance
Lumpsum
SIP
21.26
as on 27 Jul 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 17,832 today.
NAV Performance
Fund Information
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₹ 15.300
as on 27 Jul 2023 -
Regular - Growth
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-
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₹ 5,000
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₹ 84 Cr.
as on 31 May 2023 -
2.52%
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04 Jun 2018
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Nifty Financial Services TRI
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IDBI Mutual Fund
Show All Funds -
IDBI Banking & Financial Services Fund - Growth charges 1.0% of sell value; if fund sold before 365 days. There are no other charges.
Highlights of this fund
IDBI Banking & Financial Services Fund is an Open-ended Equity Fund. The fund belongs to Sectoral/Thematic category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 04 Jun 2018. This fund is offered by one of the top AMC (Assets Management Company) IDBI Mutual Fund. You can also view here all other Equity funds offered by IDBI Mutual Fund.
Latest NAV of the fund is ₹ 15.300 as on 27 Jul 2023.
This fund has 5 years of track record. Since 28 Feb 2023 expense ratio of this fund is 2.52%. Ideally you shoulds compare this fund with the benchmark Nifty Financial Services TRI.
You can invest in this fund in SIP with the minimum investment of ₹ 500. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund Objective
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
List of Fund Managers of IDBI Banking & Financial Services Fund
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About Alok Ranjan
Mr. Ranjan has done MBA (Finance), BSc Physics (Honors) Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Very High Risk
Fund Return Comparison
| Fund Name | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 9.55% | 21.62% | 36.88% | 38.44% | 38.01% | 45.43% | 25.50% | 23.54% | 54.23% | 37.48% | 35.76% | 31.74% | 21.08% |
| Category Average | 2.26% | 8.69% | 21.73% | 18.61% | 11.09% | 26.17% | 14.78% | 16.12% | 29.57% | 19.32% | 19.62% | 20.23% | 15.17% |
| IDBI Banking & Financial Services Fund | 2.82%₹ 10,282 | 8.36%₹ 10,835 | 14.26%₹ 11,426 | - | - | - | - | - | - | - | - | - | - |
| ICICI Prudential Infrastructure Fund | 2.81%₹ 10,280 | 11.08%₹ 11,108 | 23.08%₹ 12,307 | 32.75%₹ 13,274 | 39.12%₹ 14,411 | 26.00%₹ 15,877 | 32.76%₹ 32,673 | 45.43%₹ 30,755 | 35.60%₹ 59,589 | 20.29%₹ 25,210 | 29.95%₹ 1,25,327 | 18.09%₹ 52,834 | 18.33%₹ 3,14,802 |
| Quant Infrastructure Fund | 2.30%₹ 10,230 | 9.81%₹ 10,981 | 18.67%₹ 11,867 | 8.03%₹ 10,803 | 20.00%₹ 13,262 | 16.67%₹ 13,610 | 17.05%₹ 28,394 | 43.33%₹ 29,443 | 26.71%₹ 52,953 | 25.50%₹ 31,169 | 31.74%₹ 1,30,741 | 21.69%₹ 71,350 | 21.06%₹ 3,64,761 |
| ICICI Prudential Commodities Fund | 1.98%₹ 10,198 | 7.45%₹ 10,745 | 16.64%₹ 11,663 | 19.43%₹ 11,943 | 25.48%₹ 13,597 | 12.70%₹ 12,700 | 19.86%₹ 29,143 | 43.14%₹ 29,325 | 26.25%₹ 52,621 | - | - | - | - |
| HDFC Infrastructure Fund | 2.35%₹ 10,234 | 16.17%₹ 11,617 | 36.88%₹ 13,687 | 35.71%₹ 13,570 | 54.23%₹ 15,288 | 25.81%₹ 15,828 | 37.33%₹ 33,960 | 42.53%₹ 28,957 | 35.76%₹ 59,718 | 13.68%₹ 19,000 | 26.31%₹ 1,14,946 | 14.76%₹ 39,670 | 13.37%₹ 2,41,097 |
| DSP India T.I.G.E.R. Fund | 1.58%₹ 10,158 | 13.53%₹ 11,352 | 30.43%₹ 13,043 | 30.69%₹ 13,068 | 45.92%₹ 14,809 | 21.64%₹ 14,796 | 32.20%₹ 32,517 | 41.54%₹ 28,358 | 32.56%₹ 57,259 | 19.34%₹ 24,232 | 27.62%₹ 1,18,602 | 18.83%₹ 56,263 | 17.83%₹ 3,06,373 |
Portfolio Holdings
Top Sector Holdings of IDBI Banking & Financial Services Fund
| Name of Sector | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Banks | 65.22% | ₹ 56.28 Cr. |
| NBFC | 18.36% | ₹ 15.85 Cr. |
| Housing Finance | 11.98% | ₹ 10.34 Cr. |
| Insurance | 2.48% | ₹ 2.15 Cr. |
| Investment Companies | 0.55% | ₹ .48 Cr. |
| Others | 1.41% | - |
Top Stock Holdings of IDBI Banking & Financial Services Fund
| Name of Stocks | Holding Percentage | Holding Values in Crore |
|---|---|---|
| HDFC Bank Ltd. | 19.03% | ₹ 16.42 Cr. |
| ICICI Bank Ltd. | 18.25% | ₹ 15.75 Cr. |
| Housing Development Finance Corporation Ltd. | 8.82% | ₹ 7.61 Cr. |
| Axis Bank Ltd. | 8.79% | ₹ 7.59 Cr. |
| Bajaj Finance Ltd. | 7.69% | ₹ 6.64 Cr. |
| Others | 37.42% | - |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 1.09% |
| Net Receivables | 0.32% |