How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

IDBI Banking & Financial Services Fund - Regular Plan (Growth) - Investment Information

About This Fund

IDBI Banking & Financial Services Fund - Regular Plan (Growth) The scheme seeks 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.

Investment Details

Fund size

₹86.31 Cr.

Min. Investment

₹5,000

Min. Sip Inv.

₹500

Min. Addl Inv.

₹1,000

Expense Ratio

2.53%

Turn over

Exit Load

1% for redemption within 365 days

Basic Details

AMC Information

All Funds from IDBI

AMC

IDBI Mutual Fund

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Office No

null

Website

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Address

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All Funds from IDBI

Monthly SIP

One Time

SIP Amount

₹

Monthly SIP Date

IDBI Banking & Financial Services Fund - Regular Plan (Growth)

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Everything You Need To Know To Get Started With Confidence

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.