April 15, 2023
mayank
IDBI Equity Savings Fund
NAV Growth: Rs 23.4664
NAV IDCW Quarterly: Rs 13.0793
NAV IDCW Monthly: Rs 15.8569
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to provide regular income by investing in debt and money market instruments and using arbitrage and other derivative strategies. Also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments.
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: 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.
2) Raju Sharma
Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.
Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 04-Jan-13 |
| Return Since Launch | 7.10% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 10 Cr |
| (As on 31-Mar-2023) | |
| Expense | 1.15% |
| (As on 28-Feb-2023) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 375.00% |
IDBI Equity Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Eqt Svngs Dir | -0.68 | -0.07 | 1.43 | -0.49 | 2.12 | 2.11 | 11.56 | 7.02 | 6.83 | 7.24 |
| VR MIP TRI | 0.69 | 0.01 | 2.21 | 0.75 | 4.38 | 4.99 | 11.52 | 8.13 | 8.56 | 8.86 |
| Hybrid: Equity Savings | 0.94 | 0.00 | 1.71 | 0.91 | 3.40 | 4.20 | 13.33 | 7.68 | 8.65 | 8.13 |
| Rank within category | 22 | 18 | 17 | 22 | 21 | 20 | 19 | 13 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 15 | 13 | 1 |
IDBI Equity Savings Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| IDBI Eqt Svngs Dir | 2 star | 2.11 | 11.56 | 7.02 | 1.15 | 10 | 7.10 | 1.00 (365) | 10yrs 3mo | 375.00 |
| ICICI Pru Eqt Svngs Dir | 5 star | 5.72 | 12.46 | 7.81 | 0.54 | 4,657 | 8.25 | 0.25 (7) | 8yrs 4mo | 42.00 |
| HDFC Eqt Svngs Dir | 4 star | 5.28 | 15.79 | 8.80 | 1.10 | 2,515 | 9.92 | 1.00 (90) | 10yrs 3mo | 28.22 |
| Kotak Eqt Svngs Dir | 5 star | 6.83 | 14.06 | 9.07 | 1.02 | 2,098 | 9.21 | 1.00 (90) | 8yrs 6mo | 492.24 |
| Mirae Asset Eqt Svngs Dir | 4 star | 4.57 | 16.35 | — | 0.44 | 561 | 11.31 | 1.00 (365) | 4yrs 3mo | 644.00 |
Portfolio Analysis
| Number of Stocks | 26 |
| Number of Bonds | 1 |
| Average Maturity (yrs) * | 0.08 |
| Top 10 Holdings | 47.13% |
| Portfolio P/B Ratio | 2.98 |
| Portfolio P/E Ratio | 20.54 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,46,462 | 1,94,422 |
| Giant (%) | 65.72 | 60.60 |
| Large (%) | 22.79 | 22.21 |
| Mid (%) | 10.00 | 13.42 |
| Small (%) | 1.49 | 4.87 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 34 | 79 |
| Modified Duration (yrs) | 0.05 | 1.32 |
| Average Maturity (yrs) | 0.08 | 1.84 |
| Yield to Maturity (%) | 6.13 | 7.28 |
| Avg Credit Rating | — |
Chanakya’s Mutual Fund Guidance For IDBI Equity Savings Fund
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