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IDFC Prudential Mutual Fund

IDFC is a top infrastructure finance company which has recently got a banking license from the Reserve Bank of India. It was set up in 1997 by the Government of India as a financier and catalyst for private sector's involvement in infrastructure development in India. The principal business of IDFC Ltd. includes Project Finance, Principal Investments, Financial Markets and Investment Banking, Broking, Advisory Services and Asset Management.

IDFC Prudential Mutual Fund NAV and Scheme Details

Scheme Name Current NAV Scheme Category
IDFC Bond Fund Income Plan 48.21 Debt - Income 10.82%
IDFC Bond Fund Income Plan 12.33 Debt - Income 3.07%
IDFC Bond Fund Income Plan 11.75 Debt - Income -1.98%
IDFC Bond Fund Income Plan 11.88 Debt - Income 3.30%
IDFC Bond Fund Income Plan 15.83 Debt - Income 10.82%
IDFC Bond Fund Short Term Plan 40.88 Debt - Short Term 9.73%
IDFC Bond Fund Short Term Plan 10.83 Debt - Short Term 2.56%
IDFC Bond Fund Short Term Plan 10.33 Debt - Short Term 1.87%
IDFC Bond Fund Short Term Plan 10.24 Debt - Short Term 0.16%
IDFC Bond Fund Short Term Plan 10.37 Debt - Short Term 0.06%
IDFC Bond Fund Short Term Plan 15.17 Debt - Short Term 9.74%
IDFC G - Sec Fund - Constant Maturity Plan 31.84 Gilt Fund 14.98%
IDFC G - Sec Fund - Constant Maturity Plan 11.34 Gilt Fund 4.54%
IDFC G - Sec Fund - Constant Maturity Plan 10.41 Gilt Fund 0.53%
IDFC G - Sec Fund - Constant Maturity Plan 10.15 Gilt Fund 0.40%
IDFC G - Sec Fund - Constant Maturity Plan 17.07 Gilt Fund 14.99%
IDFC G - Sec Fund - Investment Plan - Qtrly Div 11.46 Gilt Fund 4.25%
IDFC Equity Savings Fund - Direct Plan 21.93 Equity - Hybrid 7.55%
IDFC Equity Savings Fund - Direct Plan 11.35 Equity - Hybrid 1.16%
IDFC Equity Savings Fund - Direct Plan 10.50 Equity - Hybrid 0%

IDFC was established in 1997 by a group of public and private stakeholders as a private sector company. IDFC is the most highly diversified commercial entity. Accordance to an initial public offering in August 2005, IDFC listed its proprietorship shares in India. In accordance with the provisions of the Indian Trust Act, 1882, the IDFC Mutual Fund previously known as Standard Chartered Mutual Fund (formerly known as the ANZ Grindlays Mutual Fund) under a trust deed on 29th December 1999. IDFC Mutual Fund was registered on 13th March 2000 with the SEBI through a registration number MF/042/00/3. To acknowledge the improvement in the Mutual Fund Trustee, a deed of amendment to the Trust Deed was performed and recorded.

IDFC became the trustee of the mutual fund and IDFC AMC Trustee Company Limited, the trustee by the deed of variation to the trustee deed dated on 30th May 2008. IDFC and its nominee received 100% of the capital securities of the Asset Management Company and the Trustee Company and further donated Rs 10,000 to the fund corpus. IDFC Mutual Fund is inaugurated by IDFC Limited and the Sponsor is the settler of the Mutual Fund Trust. IDFC is the leading financial sector which offers a wide range of financial products and fee-based services. IDFC Mutual Fund has 56 schemes as of 31st March 2017. This comprises 11 equity schemes including ELSS scheme, 15 open-ended debt schemes including 1 liquid fund and 3 Gilt schemes, 1 open-ended Balanced scheme, 2 exchange ended funds, 1 interval scheme, 4 fund of fund schemes and 22 close-ended Fixed Term Plan.

IDFC Mutual Fund Infrastructure

IDFC Mutual Fund has entered into a partnership with Natixis Global Asset Management.

Among its top-performing funds include IDFC Premier Equity Fund, IDFC Tax Advantage and IDFC Sterling Equity. IDFC Asset Management Company Ltd. was established in 2000 and is one of the Mutual Fund houses in India (regarding AUM). IDFC Ltd is a financial institution providing financing products and fee-based services with infrastructure as its focus area.

IDFC Mutual Fund Sponsor

IDFC Ltd is the paramount diversified financial company offering a wide range of financing products and fee-based services for finance. The salient business of IDFC Ltd is Project Finance, Principal Investments, Broking, Asset Management, Advisory Services, Financial Markets. Investment Banking. IDFC Ltd is highly involved in providing policy advice to the Indian Government and Government of the different Indian States and regulatory agencies. The policy advising role of the company is independent of its business activities. IDFC Bank is sponsored by IDFC Ltd. IDFC Ltd's capital securities are classified on India Limited's National Stock Exchange and the BSE Limited. IDFC Bank's capital securities are listed on India Limited's National Stock Exchange and the BSE Limited.

IDFC Mutual Fund Trustee

ANZ Trustee Company Private Limited, a company registered under the Companies Act, 1956 was founded by Australia and New Zealand Banking Group(ANZ) and was named Trustee of ANZ Grindlays Mutual Fund and Trust Deed on 29th December 1999. In 2001, the ANZ sold the mutual fund company to Standard Chartered Bank (SCB), whereby SCB retained a 100% interest in the Trustee Company's Equity Capital. In 2008 SCB agreed to sell the business to IDFC Limited. The company has now been called as IDFC AMC Trustee Company Limited.

IDFC Asset Management Company Limited

 The company formally is known as ANZ Grindlays Asset Management Company Private Limited was founded on 20th December 1999. The company is founded by Australia and New Zealand Banking Group(ANZ) and was named by the trustee to serve as ANZ Grindlays Mutual Fund Investment Manager through the Investment Management Agreement on 3rd January 2000. On 30th May 2008, IDFC gained SCB's debt and preferred assets in the AMC. IDFC also obtained the AMC's minority shareholders capital certificates. The shareholding of Natixis Global Asset Management Asia Pte was gained by IDFC Financial Holding Company Limited.

IDFC Financial Holding Company, a Non-Operational Financial Holding Company is a completely owned company of IDFC Ltd and also the sponsor of IDFC Mutual Fund. IDFC Asset Management Company Limited headquartered at One Indiabulls Center 841 Senapati Bapat Marg, Jupiter Mills Compound, Elphinstone Road(West), Mumbai 400 013 is the Asset Management Company of IDFC Mutual Fund. It was named as the Mutual Fund's investment manager via an Investment Management Agreement variance deed dated on 30th May 2008. IDFC Investment Advisors Limited has been licensed with SEBI as a portfolio manager vide registration number INP000002064. IDFC IA has appointed as the investment manager for the IDFC SPICE FUND a licensed venture capital company.

Types of IDFC Mutual Fund

5 types of mutual fund come under IDFC Mutual Fund. They are listed below

  • Equity Fund
  • Hybrid Fund
  • Debt Fund
  • ETF/Index Fund
  • Fund of Funds

Equity Funds

Equity schemes are schemes that primarily invest in instruments relevant to equity and equity-related instruments. The aim of such schemes is to provide medium to long-term capital appreciation. Overall these forms of schemes are designed for shareholders with a long-term investment outlook and an increased risk tolerance. 

List of IDFC Equity Funds

  • IDFC Core Equity Fund
  • IDFC Sterling Value Fund
  • IDFC Multi Cap Fund
  • IDFC Focused Equity Fund
  • IDFC Large Cap Fund
  • IDFC Nifty Fund
  • IDFC Infrastructure Fund
  • IDFC Tax Advantage (ELSS) Fund
  • IDFC Sensex ETF
  • IDFC Nifty ETF

IDFC Tax Advantage Fund

It is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit. The Fund is an Equity Linked Savings Scheme (ELSS) that aimed to produce long term capital growth from a diversified equity portfolio and enabling investors to take advantage of a deduction from total income, as permissible under the Income Tax Act, 1961. The scheme will not provide any guarantee returns or to meet the scheme's goal. This fund follows a philosophy of growth at a reasonable price. The scheme invests in companies based on an in-depth understanding of the opportunities for industry growth and collaboration with management. According to the ELSS guidelines, the scheme could hold investments in short-term money market instruments or other liquid instruments or only up to 20% of its net assets after 3 years from the date of allocation or holding of units.

Targeted Customer

  • This fund is suitable for those investors who are willing to create wealth over the long-term.
  • This fund is suitable for those investors who are seeking to invest mainly equity and equity-related securities with Income Tax benefit 80C and 3 years of lock-in.
  • It is based on the multi-cap strategy to provide growth to the customers.

Liquidity

Scheme units can be redeemed at NAV based rates on all business days, due to investments completing lock-in of 3 years. Investors who have a bank account of any bank with which the fund has an arrangement from time to time can use the direct debit/credit facility to purchase/sell their units into their account. Within 10 business days from the date of such approval, the fund deploys redemption cheques at any of the official acceptance points within the cut-off periods defined. Pursuant to the SEBI regulations a penal interest rate of 15% or any other interest rate that may be prescribed by SEBI from time to time shall be paid in the case that the redemption proceeds are not deployed within 10 business days from the date of acceptability of the request for redemption.

Investment Strategy

The scheme will invest in well managed relatively value-added growth companies. The companies would be identified through a systemic earning prediction process based on a profound understanding of the potential for growth in the industry and the interaction with the management of the company to access its core competences to achieve healthy profit growth in a long-term basis. Investors aiming for a coherent aggressive portfolio of fundamentally good companies this scheme is the perfect choice for them in order to get higher relative returns.

Risk profile of the scheme

 Investment in equity and equity-related instruments is included in the scheme. Because of both micro and macro factors, equity instruments by nature are volatile and prone to price fluctuations on a daily basis. The liquidity of such investments may be restricted by the trading volumes, settlement periods and transfer procedures. Different financial market segments have different settlement periods, and unforeseen circumstances may extend these periods considerably. The schemes inability to make planned securities purchases because of settlement issues may lead to some investment opportunities may be declined.

Standard Risk Factors

  • Investing in mutual fund and securities are subject to market risk and the scheme's objective are not guaranteed or achieved.
  • Mutual fund investment units include investment risk such as trade volumes, liquidity risk, default risk, as well as potential primary loss.Securitised debt instruments
  • The value of your investment in the scheme may raise or decrease depending on the factors and forces affecting the capital market as the price/value/ interest rates of securities in which the scheme invests varies.
  • No indication of the quality of the scheme or its future prospects and returns is provided by any means by IDFC Tax Advantage Fund.
  • The sponsor is not liable or accountable for any loss arising from the operation of the scheme beyond its intimal contribution to the creation of the fund of Rs 30,000.

Risk Associated with Investing in Debt / Money Market Instruments

Price-Risk or Interest-Rate Risk- Fixed securities like bonds, debentures and instruments for the monetary market are subject to price risk or interest rate risk. When interest rates rise, prices of existing fixed-income securities fall and when interest rates drop, such prices increase.

Credit Risk- In simple terms, this risk means the issuer may default on the payment of interest / or even payback the principal amount on maturity of a debenture/bond/ currency market instrument.

Basic Risk- The underlying benchmark index may become less active and may not catch the real interest rate flow or sometimes the benchmark ceases to exist in the lifetime of floating-rate security or a swap. Such activities may lead to value loss in the portfolio.

Spread Risk- The coupon is represented in floSecuritised debt instrumentsating-rate security in terms of a spread and tagging over the benchmark price. The spreads can therefore negatively or favourably contribute to variations in the NAV depending on the market conditions.

Liquidity Risk- Because of the changing complexity of the floating rate sector, the volatility threat in the portfolio may be raised periodically.

Other Risk- Floating interest-rate debt instruments give lower returns than fixed-rate debt instruments in the case of deceleration of interest rate.

Requirement of minimum investors in the scheme

The scheme will have a minimum of 20 investors and no single shareholder will represent more than 25% of the scheme corpus. This two requirements as specified by SEBI shall be met on average for each calendar quarter. In case the scheme doesn't have a minimum 20 investors, the provision of the Regulation 32(2)(C) of the SEBI (MF) Regulations would automatically become applicable without any reference by SEBI.

Asset Allocation

Equities & Equity Related securities

80-100 Range of allocation (% of Net Assets), Risk Profile- High

Debt & Money Market instruments

0-20 Range of allocation (% of Net Assets), Risk Profile- Low to medium

Securitised debt instruments

0-20 Range of allocation (% of Net Assets), Risk Profile- Low to medium

Where will the scheme invest?

  • The scheme corpus is being invested in equity and equity-related products and in Debt and Money market instruments. These investments are made from time to time in conformity with SEBI guidelines.
  • The corpus of the Scheme can be invested in any of the below-mentioned securities/instruments.
  • Instruments related to equity include equity warrants and convertible instruments.
  • Indian company ADRs and GDRs issued under the necessary regulatory compliance.
  • Stock futures/index futures and other derivative instruments that were permitted.
  • Securities generated and issued by central and state government and/or repositories / reverse repositories in government securities as permitted by RBI.
  • Securities guaranteed by the Central and State Governments
  • Debt instruments issued by national government agencies and legislative bodies that may or may not bear a guarantee from the central and state government.
  • Corporate debt and securities including Bonds, Debentures, Notes, Strips, etc.
  • Debt instruments issued by banks/development financial institutions.
  • Money market instruments approved by SEBI, including call money market or alternative call money market investments as may be issued by RBI to meet the liquidity criteria.
  • Certificate of Deposits
  • Commercial Paper
  • Secularized Debt instruments.
    The non-convertible part of convertible securities.
  • Any other domestic fixed income securities including Structured Debt instruments.
  • Any overseas debt instrument, as permitted by extant regulations.
  • Pass through, Pay through or other Participation Certificates that reflect interest in a pool of assets like receivables.
  • Any other securities/instruments as may be permitted by SEBI from time to time.

How the scheme benchmark its performance?

Benchmark of the scheme is S&P BSE 200 Index. The compositions of the benchmark are such that it is best suited to comparing the performance of the Scheme. Currently, no AMFI recognized benchmark is available for strict comparison for the Scheme. Nevertheless, the benchmark being commonly used in the market, the same has been selected as the standard benchmark for the purpose of this scheme.

Eligibility to invest in this scheme

  • Resident adult individuals either singly or jointly
  • Minor through parent/lawful guardian
  • Companies, Bodies Corporate, Public Sector Undertakings
  • Trustees Religious and Charitable and Private Trusts under the provision of Section 11(5) (xii) of the Income Tax Act, 1961
  • Karta of Hindu Undivided Family (HUF)
  • Directors of the company.
  • Banks, Financial Institutions and Investment Institutions.
  • NRIs
  • Foreign Portfolio Investors (FPIs) registered with SEBI on full repatriation basis.
  • Army, Air Force, Navy and other para-military funds.
  • Scientific and Industrial Research Organizations.
  • Provident/Pension/Gratuity and such other Funds as and when permitted to invest.
  • International Multilateral Agencies approved by the Government of India.
  • Others who are permitted to invest in the Scheme as per their respective constitutions

Mode of payment

Investors may make payments for subscription to the Units of the Scheme by drawing local Cheque/Pay Order/Bank Draft, drawn on any bank branch,

The Cheque/DD/Pay Order should be drawn in favour of IDFC Tax Advantage (ELSS) Fund as mentioned in the application form.

Amount of investment Demand Draft charges

Upto Rs. 10,000/- At actuals, subject to a maximum of Rs. 50/-

Above Rs. 10,000/- Rs. 3/- per Rs. 1,000/- subject to a maximum of Rs. 10,000/-

Fees and Expenses

As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the following limits per annum:

  • On the first Rs. 100 crore of the Scheme's daily net assets, will not exceed 2.50%
  • On the next Rs. 300 crore of the Scheme's daily net assets, will not exceed 2.25%
  • On the next Rs. 300 crore of the Scheme's daily net assets, will not exceed 2.00% and
  • On the balance of the Scheme's daily net assets, will not exceed 1.75%.
  • In addition to the recurring expense mentioned above, additional expenses of 0.20% of daily net assets of the scheme will be charged.

Transaction Charges

First Time Mutual Fund Investor

A transaction charge of Rs. 150/- for the subscription of Rs. 10,000 and above will be deducted from the subscription amount and paid to the distributor/agent of the first time investor and the balance shall be invested.

Investor other than First Time Mutual Fund Investor

A transaction charge of Rs. 100/- per subscription of Rs. 10,000 and above will be deducted from the subscription amount and paid to the distributor/agent of the investor and the balance shall be invested.

Features of the scheme

  • Monthly Avg AUM- Rs 1,941.14 Crores
  • Month-end AUM- Rs 1,993.79 Crores
  • Inception Date- 26 December 2008
  • Portfolio Turnover
  • Equity- 0.40
  • Aggregate- 0.40
  • Expense Ratio
  • Regular - 2.14%
  • Direct- 1.00%
  • Benchmark: S&P BSE 200 TRI
  • SIP (Minimum Amount) Rs 500/-
  • SIP Frequency- Monthly
  • SIP Dates (Monthly)- Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
  • Minimum Investment Amount- Rs 500/- and in multiples of Rs 500/- thereafter
  • Option Available: Growth, Dividend - Payout and Sweep (from Equity Schemes to Debt Schemes Only)

Top Portfolio with % of NAV

  • ICICI Bank 7.18%
  • HDFC Bank 4.19%
  • Infosys 3.23%
  • Tech Mahindra 1.25%
  • Greenply Industries 1.45%
  • Voltas 1.40%
  • Reliance Industries 3.34%
  • Hindustan Petroleum Corporation 1.97%
  • Larsen & Toubro 2.37%
  • KEC International 2.06%
  • Mas Financial Services 1.54%
  • ICICI Lombard General Insurance Company 1.27%
  • The Ramco Cements 1.47%
  • ACC 1.37%
  • Future Retail 2.60%
  • Future Lifestyle Fashions 1.16%
  • Dr. Reddy's Laboratories 1.49%
  • Aurobindo Pharma 1.33%
  • Nestle India 2.09%
  • Procter & Gamble Hygiene and Health Care 0.97%
  • Deepak Nitrite 1.95%
  • Tata Chemicals 1.09%
  • Jindal Steel & Power 1.45%
  • JSW Steel 0.81%
  • PSP Projects 1.76%
  • Asian Granito India 1.03%
  • AIA Engineering 0.98%
  • Apollo Pipes 0.75%
  • The Indian Hotels Company 1.14%
  • Kalpataru Power Transmission 1.40%
  • VRL Logistics 1.51%
  • Bajaj Auto 1.33%
  • Texmaco Rail & Engineering 0.85%
  • GAIL (India) 1.08%

Fund Manager

Mr. Daylynn Pinto (Managing the scheme since October 20, 2016)

IDFC Core Equity Fund

This is a diversified equity fund that currently has a large-cap bias. This fund is for the ideal investors who are willing for active investment in equity with a focus on wealth creation. Investors are enabled to invest a larger proportion of corpus in companies with larger market capitalization. The fund focuses on building a portfolio of reliable companies while conscious of the relative valuation. The scheme aims to generate long term capital growth investing primarily in large and mid-cap stocks.

Targeted Customer

  • Investors willing to create wealth over the long term
  • Investors are willing to invest primarily in equity and equity-related instruments in large and mid-cap companies.

Investment Strategy

The fund would plan to invest at least 70% of total assets in large and mid-cap stocks of well run sustainable companies, the shares of which are accessible at reasonable value through a systematic research process. In order to reduce overall risk, the securities portfolio will be well diversified across sectors. As the scheme is supposed to be a part of the regular long-term equity investments of the investors, a well balanced and conservative approach to managing the funds will be followed to ensure good returns at a regulated level of risk.

Plans and Options

The scheme offers both regular and direct plan. Both the plans have separate NAV. Both the Plans under the Scheme offer Dividend Option & Growth Option. Dividend Option under both the Plans further allows Payout, Reinvestment & Sweep facility.

Liquidity

The scheme is available to repurchase/redeem on all business days upon reopening of continuing sales. The profits of redemption shall be remitted to the unit-holders within the time limit of 10 business days. Following receipt of the legitimate proposal for redemption by the Officials Points of Acceptance of Transaction of the mutual fund.

Requirement of minimum investor in the scheme?

The scheme will have minimum of 20 investors and no single shareholder will represent more than 25% of the scheme corpus. This two requirements as specified by SEBI shall be met on average for each calendar quarter. In case the scheme doesn't have a minimum 20 investors, the provision of the Regulation 32(2)(C) of the SEBI (MF) Regulations would automatically become applicable without any reference by SEBI.

Mode of payment

Investors may make payments for subscription to the Units of the Scheme by drawing local Cheque/Pay Order/Bank Draft, drawn on any bank branch. The Cheque/DD/Payorder should be drawn in favour of IDFC Core Equity Fund as mentioned in the application form.

How the scheme benchmark its performance?

Benchmark of the scheme is S&P BSE 200 Index. The compositions of the benchmark are such that it is best suited to comparing the performance of the Scheme. Currently, no AMFI recognized benchmark is available for strict comparison for the Scheme. Nevertheless, the benchmark being commonly used in the market, the same has been selected as the standard benchmark for the purpose of this scheme.

Risk profile of the scheme

Investment in equity and equity-related instruments is included in the scheme. Because of both micro and macro factors, equity instruments by nature are volatile and prone to price fluctuations on a daily basis. The liquidity of such investments may be restricted by the trading volumes, settlement periods and transfer procedures. Different financial market segments have different settlement periods, and unforeseen circumstances may extend these periods considerably. The schemes inability to make planned securities purchases because of settlement issues may lead to some investment opportunities may be declined.

Standard Risk Factors

  • Investing in mutual fund and securities are subject to market risk and the scheme's objective are not guaranteed or achieved.
  • Mutual fund investment units include investment risk such as trade volumes, liquidity risk, default risk, as well as potential primary loss.
  • The value of your investment in the scheme may raise or decrease depending on the factors and forces affecting the capital market as the price/value/interest rates of securities in which the scheme invests varies.
  • No indication of the quality of the scheme or its future prospects and returns is provided by any means by IDFC Tax Advantage Fund.
  • The sponsor is not liable or accountable for any loss arising from the operation of the scheme beyond its intimal contribution to the creation of the fund of Rs 30,000.

Risk Associated with Investing in Debt / Money Market Instruments

Price-Risk or Interest-Rate Risk- Fixed securities like bonds, debentures and instruments for the monetary market are subject to price risk or interest rate risk. When interest rates rise, prices of existing fixed-income securities fall and when interest rates drop, such prices increase.

Credit Risk- In simple terms, this risk means the issuer may default on the payment of interest / or even payback the principal amount on maturity of a debenture/bond/currency market instrument.

Basic Risk- The underlying benchmark index may become less active and may not catch the real interest rate flow or sometimes the benchmark ceases to exist in the lifetime of floating-rate security or a swap. Such activities may lead to value loss in the portfolio.

Spread Risk- The coupon is represented in floating-rate security in terms of a spread and tagging over the benchmark price. The spreads can therefore negatively or favourably contribute to variations in the NAV depending on the market conditions.

Liquidity Risk- Because of the changing complexity of the floating rate sector, the volatility threat in the portfolio may be raised periodically.

Other Risk- Floating interest-rate debt instruments give lower returns than fixed-rate debt instruments in the case of deceleration of interest rate.

Where will the scheme invest?

  • The scheme corpus is being invested in equity and equity-related products and in Debt and Money market instruments. These investments are made from time to time in conformity with SEBI guidelines.
  • The corpus of the Scheme can be invested in any of the below-mentioned securities/instruments.
  • Instruments related to equity include equity warrants and convertible instruments.
  • Indian company ADRs and GDRs issued under the necessary regulatory compliance.
  • Stock futures/index futures and other derivative instruments that were permitted.
  • Securities generated and issued by central and state government and/or repositories / reverse repositories in government securities as permitted by RBI.
  • Securities guaranteed by the Central and State Governments
  • Debt instruments issued by national government agencies and legislative bodies that may or may not bear a guarantee from the central and state government.
  • Corporate debt and securities including Bonds, Debentures, Notes, Strips, etc.
  • Debt instruments issued by banks/development financial institutions.
  • Money market instruments approved by SEBI, including call money market or alternative call money market investments as may be issued by RBI to meet the liquidity criteria.
  • Certificate of Deposits
  • Commercial Paper
  • Secularized Debt instruments.
    The non-convertible part of convertible securities.
  • Any other domestic fixed income securities including Structured Debt instruments.
  • Any overseas debt instrument, as permitted by extant regulations.
  • Pass through, Pay through or other Participation Certificates that reflect the interest in a pool of assets like receivables.
  • Any other securities/instruments as may be permitted by SEBI from time to time.

 

Eligibility to Invest

  • Resident adult individuals either singly or jointly
  • Minor through parent/lawful guardian
  • Companies, Bodies Corporate, Public Sector Undertakings
  • Trustees of Religious and Charitable and Private Trusts under the provision of Section 11(5) (xii) of the Income Tax Act, 1961
  • Karta of Hindu Undivided Family (HUF)
  • Directors of the company.
  • Banks, Financial Institutions and Investment Institutions.
  • NRIs
  • Foreign Portfolio Investors (FPIs) registered with SEBI on full repatriation basis.
  • Army, Air Force, Navy and other para-military funds.
  • Scientific and Industrial Research Organizations.
  • Provident/Pension/Gratuity and such other Funds as and when permitted to invest.
  • International Multilateral Agencies approved by the Government of India.
  • Others who are permitted to invest in the Scheme as per their respective constitutions

Annual Fees and Expenses

As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the following limits per annum:

  • On the first Rs. 100 crore of the Scheme's daily net assets, will not exceed 2.50%
  • On the next Rs. 300 crore of the Scheme's daily net assets, will not exceed 2.25%
  • On the next Rs. 300 crore of the Scheme's daily net assets, will not exceed 2.00% and
  • On the balance of the Scheme's daily net assets, will not exceed 1.75%.
  • In addition to the recurring expense mentioned above, additional expenses of 0.20% of daily net assets of the scheme will be charged.

Transaction Charges

First Time Mutual Fund Investor

Transaction charge of Rs. 150/- for subscription of Rs. 10,000 and above will be deducted from the subscription amount and paid to the distributor/agent of the first time investor and the balance shall be invested.

Investor other than First Time Mutual Fund Investor

Transaction charge of Rs. 100/- per subscription of Rs. 10,000 and above will be deducted from the subscription amount and paid to the distributor/agent of the investor and the balance shall be invested.

Minimum Amount for application 

  • Initial Investment (including switches)- Rs.5000/- and any amount thereafter
  • Additional Purchases (including switches)- Rs.1000/- and any amount thereafter
  • Repurchase- Rs.500/- and any amount thereafter
  • SIP- Rs.1000/- and in multiples of Re.1 thereafter [minimum 6 instalments]
  • SWP- Rs.500/- and in multiples of Re.1 thereafter
  • STP (in)- Rs.1000/- and any amount thereafter

Features of Idfc Core Equity Fund

  • Monthly Avg AUM Rs 2,744.81 Crores
  • Month-end AUM Rs 2,817.22 Crores

Portfolio Turnover

  • Equity- 0.31
  • Aggregate- 0.52

Expense Ratio

  • Regular- 2.01%
  • Direct- 0.84%

NAV

  • Regular Plan
  • Growth- 43.72
  • Dividend- 14.32

Portfolio with % of NAV

  • Banks- 28.46%
  • Pharmaceuticals- 7.91%
  • Petroleum Products- 5.89%
  • Auto Ancillaries- 5.87%
  • Finance- 5.46%
  • Construction Project- 5.27%
  • Software- 4.92%
  • Cement- 4.83%
  • Retailing- 4.47%
  • Consumer Non-Durables- 4.13%
  • Power- 3.86%
  • Consumer Durables- 3.75%
  • Industrial Products- 3.51%
  • Industrial Capital Goods- 2.52%
  • Hotels, Resorts And Other Recreational Activities- 2.47%
  • Chemicals- 1.54%
  • Gas- 1.04%
  • Ferrous Metals- 0.96%
  • Auto- 0.90%
  • Non Ferrous Metals- 0.82%
  • Fertilisers- 0.66%
  • Preference Shares- 0.01%
  • Media & Entertainment- 0.01%
  • Net Cash and Cash Equivalent- 0.77%

Fund Manager

Mr. Anoop Bhaskar

IDFC Sterling Value Fund 

IDFC Sterling Equity Fund is active in the wider theme of investment pick up trend by businesses like Inox wind, ABB, Engineers India, TD Power, Ramco Cement, and the logistic businesses like Gujarat Pipavav, Snowman Logistics and VRL logistics. Cement tends to be a more capital-efficient way of participating in the construction business unless there are compelling unique plays in the construction business.

It is a type of fund that balances risk and liquidity through a bottom-up stock selection process. IDFC Sterling Value Fund is a value-oriented fund with the current focus on the mid and small-cap segment.

Factors of Idfc Sterling Value Fund

  • It is a type of fund that focuses on value investment strategy.
  • The fund is positioned in the ‘Value Fund’ category as per SEBI classification, the market cap orientation of the fund continues to remain towards the mid & small-cap space
  • For relative value evaluation, the schemes focus on the Enterprise Value (EV)/Sales ratio and Price/Book (P/B)
  • The scheme's goal is to generate capital appreciation from a diversified portfolio of equity and equity-related instruments by following a value investment strategy.

Asset Allocation

Equities & Equity Related securities

655-100% Range of allocation (% of Net Assets)

Debt & Money Market instruments

0%-35% Range of allocation (% of Net Assets)

Units issued by REITs & InvITs- 0-10%

Minimum Application Amount

  • Initial Investment- Rs.5000 and any amount thereafter
  • Additional Purchases- Rs.1000/- and any amount thereafter
  • SIP- Rs.1000 and in multiples of Rs 1 thereafter [minimum 6 instalments]
  • SWP- Rs.500/- and any amount thereafter
  • STP (in)- Rs.1000/- and any amount thereafter
  • Repurchase- Rs.500/- and any amount thereafter or If the balance in the Folio / Account available for redemption is less than the minimum amount given above, the entire balance available for redemption will be redeemed.

Portfolio Turnover

  • Equity- 0.22
  • Aggregate- 0.25

Expense Ratio

  • Regular- 2.04%
  • Direct- 1.04%

SIP

  • SIP (Minimum Amount)- Rs 100/- (Minimum 6 instalments)
  • SIP Frequency- Monthly
  • SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.

Option Available

  • Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))

NAV

  • Regular Plan- Growth- 47.02
  • Regular Plan- Dividend- 18.40

Entry and Exit Load

  • Entry Load- NIL
  • Exit Load- 1.00% if redeemed on or before 365 days from the date of allotment.

Features of Idfc Sterling Value Fund

  • Monthly Avg AUM- Rs 3,022.81 Crores
  • Month end AUM- Rs 3,140.23 Crores
  • Inception Date- 7 March 2008
  • Benchmark- S&P BSE 500 TRI
  • Minimum Investment Amount- Rs 5,000/- and any amount thereafter

Top Portfolio with % of NAV

  • Axis Bank- 3.75%
  • MRF- 1.99%
  • The Ramco Cements- 2.62%
  • ICICI Lombard General Insurance Company- 2.14%
  • Future Retail- 3.79%
  • Voltas- 1.85%
  • Persistent Systems- 1.09%
  • KEC International- 2.42%
  • Emami- 1.25%
  • IPCA Laboratories- 1.75%
  • Kalpataru Power Transmission- 1.37%
  • The Indian Hotels Company- 2.08%
  • Jindal Steel & Power- 1.59%
  • VRL Logistics- 1.76%
  • K.P.R. Mill- 1.10%
  • Bharat Electronics- 1.47%
  • Hindustan Petroleum Corporation- 2.28%
  • Deepak Nitrite- 2.26%
  • Polycab India- 1.23%
  • Vardhman Textiles- 1.27%
  • Gujarat Gas- 1.47%
  • Auto
  • Mahindra & Mahindra - Equity Futures- 0.97%
  • Entertainment Network (India)- 0.26%
  • Net Cash and Cash Equivalent- 5.38%

Fund Manager

Mr Anoop Bhaskar (w.e.f. 30th April 2016) & Mr Daylynn Pinto (w.e.f. 20th October 2016)

Idfc Multicap Fund

It is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks. The primary goal of the scheme is to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity-related instruments. The Scheme portfolio would acquire, inter alia, small and medium-size businesses with good long term potential, which are available at cheap valuations. Such securities would be identified through disciplined fundamental research keeping in view medium to long-term trends in the business environment.

Portfolio Turnover

  • Equity- 0.44
  • Aggregate^ 0.79

Expense Ratio

  • Regular- 1.96%
  • Direct- 1.35%

SIP

  • Minimum SIP Amount- Rs 100/- (Minimum 6 instalments)
  • SIP Frequency- Monthly
  • SIP Dates- Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.

Options Available

Growth, Dividend – (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))

NAV in Rs

  • Regular Plan
  • Growth- 95.48
  • Dividend- 33.17

Load Structure

  • Entry Load- NIL
  • Exit Load- 1.00% if redeemed before 365 days from the date of allotment

Features of Idfc Multicap Fund

  • Monthly Average AUM- Rs 5,484.73 Crores
  • Month-end AUM as on 31st October 2019- Rs 5,628.95 Crores
  • Inception Date- 28 September 2005
  • Benchmark- S&P BSE 500 TRI
  • Minimum Investment Amount- Rs 10,000/- and any amount thereafter
  • Risk- Moderately High

Top Portfolio with % of NAV

  • ICICI Bank- 8.38%
  • Asian Paints- 3.66%
  • Bata India- 3.32%
  • HDFC Life Insurance Company- 1.89%
  • Larsen & Toubro- 4.17%
  • Atul- 1.91%
  • Schaeffler India- 1.47%
  • 3M India- 4.05%
  • Avenue Supermarkets- 1.75%
  • Sun Pharmaceutical Industries- 1.42%
  • Infosys- 2.56%
  • Thermax- 0.88%
  • UltraTech Cement- 2.16%
  • Minda Industries- 1.35%
  • APL Apollo Tubes- 1.14%
  • Transport Corporation of India- 1.12%
  • Vardhman Textiles- 0.98%
  • Entertainment Network (India)- 0.47%
  • Dhanuka Agritech- 0.30%
  • Poddar Housing and Development- 0.28%
  • Net Cash and Cash Equivalent- 1.85%

Fund Manager

Mr Anoop Bhaskar (w.e.f. 30th April 2016) & Mr Kartik Mehta (w.e.f. 2nd April 2018)

Idfc Focused Equity Fund

It is an open-ended equity scheme investing in maximum 30 stocks with multi-cap focus. The scheme is a concentrated portfolio of up to 30 stocks with the flexibility to invest across sectors and across market cap. The scheme invests in businesses that are growth-oriented and have superior market quality.

Market Cap

  • Large Cap- 60.37%
  • Mid Cap- 18.48%
  • Small Cap- 21.15%

Portfolio Turnover

  • Equity- 1.20
  • Aggregate- 1.64

Expense Ratio

  • Regular- 2.17%
  • Direct- 0.90%

Other Parameter

  • Beta- 0.96
  • R Square- 0.68
  • Standard Deviation (Annualized)- 14.90%
  • Sharpe- 0.31

Load Structure

  • Entry Load- Nil
  • Exit Load- 1.00% if redeemed before 365 days from the date of allotment.

NAV in Rs

  • Regular Plan
  • Growth- 37.36
  • Dividend- 12.45

Features of Idfc Focused Equity Fund

  • Date of Allocation- 16 March 2006
  • Monthly Avg AUM- Rs 1,474.13 Crores
  • Month end AUM as on 31st October 2019- Rs 1,533.17 Crores
  • Benchmark- Nifty 50 TRI
  • SIP (Minimum Amount)- Rs 100/- (Minimum 6 instalments)
  • SIP Frequency- Monthly
  • SIP Dates (Monthly)- Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
  • Minimum Investment Amount- Rs 5,000/- and any amount thereafter
  • Risk- Moderately High
  • Options Available- Growth, Dividend – (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))

Top 10 Portfolio with % of NAV

  • HDFC Bank- 7.72%
  • Reliance Industries- 7.11%
  • Fine Organic Industries- 6.17%
  • HDFC(Finance)- 5.56%
  • TVS Motor Company- 4.60%
  • Security and Intelligence Services (India)- 4.11%
  • Infosys- 3.79%
  • UltraTech Cement- 3.89%
  • Aditya Birla Fashion and Retail- 3.12%
  • Larsen & Toubro- 2.73%

Fund Manager

Mr Sumit Agrawal (w.e.f. 20th October 2016)

Idfc Large Cap Fund

It is an open-ended equity scheme predominantly investing in large-cap stocks. The primary goal of the scheme is to invest in equity and equity-related instruments of the large-cap companies. 

Market Cap

  • Large Cap- 90.54%
  • Mid Cap- 3.16%
  • Small Cap- 6.30%

Sector Allocation as on 31st October 2019

  • Financials- 39.1%
  • Auto- 6.5%
  • Consumer Staples- 9.9%
  • Consumer Discretionary- 6.8%
  • Cement building material- 4.2%
  • Health Care- 2.5%
  • Information Technology- 10.2%
  • Industrials- 7.3%
  • Energy- 8.8%
  • Commodities- 1.9%

Portfolio Turnover

  • Equity- 0.90
  • Aggregate^ 1.17

Expense Ratio

  • Regular- 2.60%
  • Direct- 1.72%

Other Parameter

  • Beta- 0.95
  • R Square- 0.95
  • Standard Deviation (Annualized)- 12.70%
  • Sharpe- 0.35

Load Structure

  • Entry Load- Nil
  • Exit Load- Nil

NAV in Rs

  • Regular Plan
  • Growth- 33.45
  • Dividend- 14.77

Features of Idfc Large Cap Fund

  • Date of Allotment- 9 June 2006
  • Monthly Avg AUM- Rs 441.26 Crores
  • Month-end AUM as on 31st October 2019- Rs 456.82 Crores
  • Benchmark- S&P BSE 100 TRI
  • SIP (Minimum Amount)- Rs 100/- (Minimum 6 instalments)
  • SIP Frequency- Monthly
  • SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
  • Minimum Investment Amount- Rs 5,000/- and any amount thereafter
  • Option Available- Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))
  • Risk- Moderately High

Top 10 Portfolio with % of NAV as on 31st October 2019

  • Reliance Industries- 8.78%
  • HDFC Bank- 8.73%
  • ICICI Bank- 7.24%
  • HDFC Finance- 6.72%
  • Larsen & Toubro- 5.09%
  • Axis Bank- 4.90%
  • Infosys- 4.86%
  • Tata Consultancy Services- 4.42%
  • Kotak Mahindra Bank- 3.93%
  • State Bank of India- 3.38%

Fund Manager

Mr Sumit Agrawal & Mr Arpit Kapoor (w.e.f. 1st March 2017)

Idfc Nifty Fund

It is an index fund which is managed passively by investing in proportion to the Nifty 50.

Top Industry Allocation

  • Banks- 28.55%
  • Software- 12.80%
  • Petroleum Products- 11.65%
  • Consumer Non Durables- 11.07%
  • Finance- 10.31%
  • Auto- 6.02%
  • Construction Project- 3.65%
  • Pharmaceuticals- 2.12%
  • Power- 2.01%
  • Cement- 1.48%

NAV In Rs

Regular Plan

Growth- 24.6557

Dividend- 24.8494

Portfolio Turnover

  • Equity- 0.11
  • Aggregate^ 0.25
  • Tracking Error (Annualized) 0.30%

Expense Ratio

  • Regular- 0.33%
  • Direct- 0.15%

Other Parameter

  • Beta- 0.99
  • R Square- 1.00
  • Standard Deviation (Annualized)- 12.69%
  • Sharpe* 0.55

Features of Idfc Nifty Fund

  • Date of Allocation- 30 April 2010
  • Monthly Avg AUM: Rs 181.68 Crores
  • Month end AUM as on 31st October 2019: Rs 190.83 Crores
  • Benchmark: Nifty 50 TRI
  • SIP (Minimum Amount): Rs 100/-
  • SIP Frequency: Monthly
  • SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
  • Minimum Investment Amount: ` 5,000/- and any amount thereafter
  • Option Available: Growth, Dividend
  • Risk- Moderately High

Top 10 Portfolio with % of NAV as on 31st October 2019

  • HDFC Bank- 10.70%
  • Reliance Industries- 10.08%
  • HDFC Finance- 7.40%
  • ICICI Bank- 6.02%
  • Infosys- 5.05%
  • Tata Consultancy Services- 4.79%
  • ITC- 4.46%
  • Kotak Mahindra Bank- 4.23%
  • Larsen & Toubro- 3.65%
  • Axis Bank- 3.30%

Fund Manager

Mr Arpit Kapoor & Mr Sumit Agrawal (w.e.f. 1st March 2017)

IDFC Infrastructure Fund

It is an open-ended equity scheme investing in the Infrastructure sector. The scheme invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG. The primary goal of the scheme is to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity-related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities.

Asset Allocation

  • Equities & Equity Related securities in companies engaged in infrastructural and infrastructural related activities have a minimum indicative allocation of 80% to a maximum of 100%
  • Debt & Money Market instruments have a minimum indicative allocation of 0% to a maximum of 20%

Sector Allocation

  • Construction- 30.5%
  • Logistics- 16.3%
  • Capgoods- 15.0%
  • Cement- 10.3%
  • Energy- 8.8%
  • Power- 7.2%
  • Telecom- 4.6%
  • Engineering Services- 3.9%
  • Hotels- 1.3%
  • Metals and Mining- 1.0%

Market Cap

  • Large Cap- 37.52%
  • Mid Cap- 19.17%
  • Small Cap- 43.31%

Portfolio Turnover

  • Equity- 0.30
  • Aggregate^ 0.30

Expense Ratio

  • Regular- 2.38%
  • Direct- 1.30%

Load Structure

  • Entry Load- NA
  • Exit Load- 1.00% if redeemed before 365 days from the date of allotment.

NAV in Rs

Regular Plan

  • Growth- 14.17
  • Dividend- 13.32

Other Parameter

  • Beta- 1.10
  • R Square- 0.88
  • Standard Deviation (Annualized)- 20.50%
  • Sharpe- (-0.08)

Features of IDFC Infrastructure Fund

  • Date of Allocation- 8 March 2011
  • Monthly Avg AUM: Rs 804.09 Crores
  • Month-end AUM as on 31st October 2019: Rs 819.33 Crores
  • Benchmark: Nifty Infrastructure TRI
  • SIP (Minimum Amount): Rs 100/- (Minimum 6 instalments)
  • SIP Frequency: Monthly
  • SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
  • Minimum Investment Amount: Rs 5,000/- and any amount thereafter
  • Option Available: Growth, Dividend – (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))
  • Risk- High

Top 10 Portfolio with % of NAV as on 31st October 2019

  • Larsen & Toubro- 10.07%
  • Adani Ports and Special Economic Zone- 5.99%
  • Container Corporation of India- 5.35%
  • UltraTech Cement- 5.09%
  • Bharti Airtel- 4.61%
  • PNC Infratech- 3.90%
  • Engineers India- 3.89%
  • Gujarat Gas- 3.87%
  • JK Cement- 3.80%
  • NTPC- 3.44%

Fund Manager

Mr Rajendra Kumar Mishra has an overall experience of 17 years, including 13 years in Equities.

Managing the Fund since – June 27, 2013

IDFC Sensex ETF

It is an open-ended scheme tracking S&P BSE Sensex Index. The primary goal of the scheme is to generate returns that, before expenses, closely correspond to the total return of the S&P BSE Sensex, subject to tracking errors.

Asset Allocation

  • Securities of companies constituting S&P BSE Sensex Index, the Underlying Index have a minimum indicative allocation of 95% to a maximum of 100% with medium to high-risk profile
  • Cash and Cash Equivalents, Money Market Instruments with residual maturity not exceeding 91 days, liquid and money market mutual fund schemes have a minimum indicative allocation of 0% to a maximum of 5% with low to medium risk profile. 

Industry Allocation

  • Banks- 32.90%
  • Software- 14.34%
  • Petroleum Products- 11.04%
  • Finance- 10.99%
  • Consumer Non Durables- 10.86%
  • Auto- 6.37%
  • Construction Project- 4.27%
  • Power- 2.35%
  • Telecom Services- 1.69%
  • Pharmaceuticals- 1.11%
  • Oil- 1.06%
  • Ferrous Metals- 0.68%
  • Non Ferrous Metals- 0.64%

Portfolio Turnover

  • Equity- 0.08
  • Aggregate^ 0.08

NAV in Rs

  • Growth- 414.2389
  • Dividend- NA

Load Structure

  • Exit Load- NA
  • Entry Load- Nil

Other Parameter

  • Beta- 0.99
  • R Square- 1.00
  • Standard Deviation (Annualized)- 12.70%
  • Sharpe* 0.69

Minimum Investment Amount

Directly with Fund- Authorised Participants and Large Investors can directly purchase/redeem in blocks from the fund in “Creation unit size” on all business day. On the Exchange - The units of the Scheme can be bought and sold in a minimum lot of 1 unit and in multiples thereof

Features of IDFC Sensex ETF

  • Date of Allocation- 07 October 2016
  • Monthly Avg AUM- Rs 0.96 Crore
  • Month-end AUM: Rs 1.00 Crore
  • Expense Ratio: 0.29%
  • Benchmark: S&P BSE Sensex TRI
  • SIP (Minimum Amount): NA
  • SIP Frequency: NA
  • SIP Dates (Monthly): NA
  • Options- Presently the scheme does not offer any Plan/Options for Investment
  • Risk- Moderately High

Top 10 Portfolio with % of NAV

  • HDFC Bank- 12.40%
  • Reliance Industries- 11.04%
  • HDFC Finance- 8.73%
  • ICICI Bank- 7.07%
  • Infosys- 6.10%
  • Tata Consultancy Services- 5.67%
  • ITC- 5.23%
  • Kotak Mahindra Bank- 4.42%
  • Larsen & Toubro- 4.27%
  • Axis Bank- 4.00%

Fund Manager

Mr Yogik Pitti. He has experience spanning over 7 years in Mutual Fund

IDFC Nifty ETF

Category- Exchange Traded Fund

Scheme Objective- The primary goal of the scheme is to provide returns that, before expenses, closely correspond to the total return of the Nifty 50, subject to tracking errors.

NAV

  • Growth- 124.6458
  • Dividend- NA

Portfolio Turnover

  • Equity- 0.05
  • Aggregate^ 0.05
  • Tracking Error (Annualized)- 0.27%

Minimum Application Amount

Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in “Creation unit size” on any business day. On the Exchange - The units of the Scheme can be purchased and sold in minimum lot of 1 unit and in multiples thereof

Top 5 Sector Holding

  • Banks- 29.74%
  • Software- 12.15%
  • Petroleum Products- 11.96%
  • Finance- 10.76%
  • Consumer Non Durables- 10.29%

Top 5 Holding Equity

  • HDFC Bank- 10.91
  • Reliance Industries- 10.51
  • HDFC Finance- 7.83
  • ICICI Bank- 6.56
  • Infosys- 5.05

Fund Management

  • Monthly Avg AUM: Rs 1.15 Crores
  • Month-end AUM: Rs 1.16 Crores
  • Date of Allocation: 07 October 2016
  • Expense Ratio: 0.17%
  • Benchmark: Nifty 50 TRI
  • SIP (Minimum Amount): NA
  • SIP Frequency: NA
  • SIP Dates (Monthly): NA
  • Option Available: Presently the scheme does not offer any Plan/Options for Investment.
  • Exit Load: Nil
  • Risk- Moderately High
  • Fund Manager- Mr Yogik Pitti

IDFC Arbitrage Fund

It is an open-ended scheme investing in arbitrage opportunities

Category- Arbitrage

Scheme Objective- The primary goal of the scheme is to invest in arbitrage opportunities in the cash and the derivative segments of the equity markets.

Expense Ratio

  • Regular- 1.09%
  • Direct- 0.39%

NAV

  • Regular Plan Growth- 24.2834
  • Regular Plan Monthly Dividend- 12.7639
  • Regular Plan Annual Dividend- 10.8889

Portfolio Turnover

  • Equity- 2.63
  • Aggregate^ 16.35

Top 5 Sector Holding

  • Finance- 12.00%
  • Banks- 8.54
  • Consumer Non Durables- 7.27
  • Software- 7.14
  • Petroleum Products- 5.60

Top 5 Holding Equity

  • Bajaj Finance- 3.98%
  • Reliance Industries- 3.77%
  • Axis Bank- 3.15%
  • HDFC- 3.03%
  • Infosys- 2.90%

Fund Management

  • Monthly Avg AUM: Rs 11,268.80 Crores
  • Month end AUM: Rs 11,702.54 Crores
  • Inception Date: 21 December 2006
  • Benchmark: Nifty 50 Arbitrage Index
  • SIP (Minimum Amount): Rs 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: Rs 100/- and any amount thereafter
  • Option Available: Growth, Dividend
  • Exit Load: 0.25% if redeemed / switched-out within 1 month from the date of allotment
  • Fund Manager- Yogik Pitti

IDFC Equity Savings Fund

Type of Scheme- An open ended scheme investing in equity, arbitrage and debt

Category- Equity Savings

Scheme Objective- The scheme invest in equity, arbitrage and debt with net equity exposure ranging from 20-45% and debt exposure ranging from 20-35%, remaining being in arbitrage.

Expense Ratio

  • Regular- 2.23%
  • Direct- 1.29%

NAV

  • Regular Plan Growth: 20.50
  • Regular Plan Monthly Dividend: 12.56
  • Regular Plan Annual Dividend: 10.64
  • Regular Plan Quarterly: 10.43

Portfolio Turnover

  • Equity: 0.92
  • Aggregate^ 8.39

Top 5 Sector Holding

  • Pharmaceuticals- 13.03%
  • Banks- 11.38%
  • Finance- 8.50%
  • Software- 5.88%
  • Construction Project- 4.17%

Top 5 Portfolio Holding

  • HDFC- 5.73%
  • Sun Pharmaceutical Industries- 5.51%
  • Tech Mahindra- 5.37%
  • HDFC Bank- 3.59%
  • Larsen & Toubro- 2.93%

Fund Management

  • Date of Allocation- 9 June 2008
  • Monthly Avg AUM: Rs 70.99 Crores
  • Month end AUM: Rs 68.20 Crores
  • Benchmark: 30% Nifty 50 TRI + 70% CRISIL Liquid Fund Index
  • SIP (Minimum Amount): Rs 100
  • Minimum Investment Amount: Rs 5000
  • Option Available: Growth, Dividend
  • Exit Load: 1% if redeemed / switched-out within 1 year from the date of allotment
  • Risk- Moderately High
  • Fund Manager- Mr. Yogik Pitti

IDFC Dynamic Equity Fund

Type of Scheme- An open ended dynamic asset allocation fund

Scheme Objective- Dynamically’ invests between Equity and Debt. An Equity fund that buys less when markets are expensive and more when markets are cheap.

Category: Dynamic Asset Allocation or Balanced Advantage

Expense Ratio

  • Regular- 2.25%
  • Direct- 1.01%

NAV

  • Regular Plan Growth: 14.00
  • Regular Plan Dividend: 11.09

Portfolio Turnover

  • Equity: 0.29
  • Aggregate^ 3.01

Market Cap

  • Large Cap: 74.52%
  • Mid Cap: 15.02%
  • Small Cap: 10.46%

Top 10 Sector Holding

  • Financials- 39.0%
  • Consumer Staples- 9.7%
  • IT- 9.3%
  • Consumer Discretionary- 8.0%
  • Industrials- 8.0%
  • Health Care- 7.7%
  • Energy- 7.0%
  • Cement- 5.3%
  • Auto- 3.0%
  • Telecommunication- 1.7%

Top 10 Portfolio Holding

  • HDFC Bank- 6.47%
  • ICICI Bank- 5.67%
  • Reliance Industries- 5.42%
  • NABARD- 5.18%
  • HDFC- 5.13%
  • State Bank of India- 3.93%
  • Axis Bank- 3.89%
  • Larsen & Toubro- 2.70%
  • LIC Housing Finance- 2.61%
  • Indian Railway Finance Corporation- 2.55%

Fund Management

  • Date of Allocation- 10 October 2014
  • Monthly Avg AUM: Rs 985.87 Crores
  • Month-end AUM: Rs 984.71 Crores
  • Standard Deviation (Annualized)- 6.54%
  • Modified Duration: 3.00 years
  • Average Maturity: 4.03 years
  • Yield to Maturity: 6.79%
  • Benchmark: 50% S&P BSE 200 TRI + 50% NIFTY AAA Short Duration Bond Index
  • Minimum SIP- Rs 100
  • Minimum Investment Amount- Rs 5000
  • Option: Growth, Dividend
  • Exit Load: 1% if redeemed/ switched out within 1 year from the date of allotment
  • Risk- Moderately High
  • Fund Manager- Mr. Arpit Kapoor & Mr. Sumit Agrawal

IDFC Hybrid Equity Fund

Type of Scheme- An open ended hybrid scheme investing predominantly in equity and equity related instruments

Category: Aggressive Hybrid

Scheme Objective- IDFC Hybrid Equity Fund provides a combination of equity (between 65% and 80%) and debt (between 20% and 35%) so as to generate both relative stability of returns and potential of growth. Both equity and fixed income portions are actively managed.

Suitable Investors- Investor wants to invest predominantly in equity and equity related securities and balance exposure in debt and money market instruments.

Expense Ratio

  • Regular: 2.34%
  • Direct: 0.96%

NAV in Rs

  • Regular Plan Growth: 11.74
  • Regular Plan Dividend: 10.64

Top 10 Sector Holding

  • Banks: 24.15%
  • Consumer Non Durables: 10.78%
  • Software: 6.88%
  • Petroleum Products: 6.61%
  • Pharmaceuticals: 5.26%
  • Finance: 4.60%
  • Construction Project: 3.07%
  • Retailing: 3.06%
  • Hotels, Resorts And Other Recreational Activities: 2.42%
  • Consumer Durables: 1.66%

Top 10 Portfolio Holding

  • HDFC Bank- 6.37%
  • ICICI Bank- 5.91%
  • Reliance Industries- 5.06%
  • State Bank of India- 4.88%
  • Axis Bank- 4.71%
  • 7.59% - 2026 G-Sec- 3.64%
  • Larsen & Toubro- 3.07%
  • Nestle India- 2.92%
  • Infosys- 2.89%
  • Sun Pharmaceutical Industries- 2.12%

Fund Management

  • Date of Allocation- 30 December 2016
  • Monthly Avg AUM: Rs 733.61 Cr
  • Month-end AUM: Rs 720.00 Cr
  • Modified Duration: 2.72 year
  • Average Maturity: 3.47 year
  • Yield to Maturity: 6.58%
  • Benchmark: 65% S&P BSE 200 TRI + 35% NIFTY AAA Short Duration Bond Index
  • Minimum SIP- Rs 100
  • Minimum Investment Amount: Rs 5,000
  • Option: Growth & Dividend
  • Exit Load: 1% if redeemed/switched out within 1 year from the date of allotment
  • Risk- Moderately High
  • Fund Manager- Mr. Anoop Bhaskar and Mr. Anurag Mittal

IDFC Regular Savings Fund

Scheme Type- An open ended hybrid scheme investing predominantly in debt instruments

Category: Conservative Hybrid

Scheme Objective- It offers up to 25% participation in the equity markets with the balance invested in fixed income. The Equity portfolio of the fund is an actively managed all cap portfolio. The Fixed Income portfolio is also actively managed with a mix of debt and money market instruments.

Expense Ratio

  • Regular: 2.23%
  • Direct: 1.30%

NAV in Rs

  • Regular Plan Growth: 22.6505
  • Regular Plan Dividend: 12.9595

Top 10 Portfolio Holding

  • Sundaram Finance- 10.39%
  • HDFC- 10.07%
  • REC- 8.11%
  • Power Finance Corporation- 6.60%
  • Indian Railway Finance Corporation- 5.24%
  • 7.59% - 2026 G-Sec: 5.22%
  • NABARD- 4.16%
  • Larsen & Toubro- 2.71%
  • Power Grid Corporation of India- 2.66%
  • 7.26% - 2029 G-Sec: 2.59%

Fund Management

  • Date of Allocation- 25 February 2010
  • Monthly AAUM- Rs 195.12 Crores
  • AUM as on last day- Rs 201.19 Crores
  • Modified Duration: 2.58 year
  • Average Maturity: 3.34 year
  • Yield to Maturity: 6.59%
  • Benchmark- 15% S&P BSE 200 TRI + 85% NIFTY AAA Short Duration Bond Index
  • Minimum SIP- Rs 100
  • Minimum Investment Amount- Rs 5000
  • Option: Growth, Dividend
  • Entry Load- NA
  • Exit Load- 1% if redeemed/switched-out within 365 days from the date of allotment
  • Risk- Moderately High
  • Fund Manager: Mr. Sumit Agrawal

IDFC Asset Allocation Fund of Funds

Type of Scheme- An open ended fund of fund scheme investing in schemes of IDFC Mutual Fund - equity funds and debt funds excluding Gold ETF.

Category- Fund of Funds (Domestic)

Scheme Objective- To seek return by actively allocating assets to funds which best reflects the macroeconomic theme.

Plans

  • Conservative Plan
  • Moderate Plan
  • Aggressive Plan

Top Portfolio Holding for Conservative Plan

  • IDFC Low Duration Fund- 44.14%
  • IDFC Bond Fund -Short Term Plan- 29.84%
  • IDFC Large Cap Fund- 10.23%
  • IDFC Core Equity Fund- 7.08%
  • IDFC Multi Cap Fund- 7.03%
  • Clearing Corporation of India- 1.51%
  • IDFC Cash Fund- 0.25%

Top Portfolio Holding for Moderate Plan

  • IDFC Low Duration Fund- 38.26%
  • IDFC Core Equity Fund- 13.18%
  • IDFC Bond Fund -Short Term Plan- 12.72%
  • IDFC Sterling Value Fund- 11.42%
  • IDFC Large Cap Fund- 10.62%
  • IDFC Multi Cap Fund- 9.97%
  • IDFC Cash Fund- 2.93%
  • Clearing Corporation of India- 1.11%

Top Portfolio Holding for Aggressive Plan

  • IDFC Large Cap Fund- 22.79%
  • IDFC Sterling Value Fund- 20.44%
  • IDFC Multi Cap Fund- 19.66%
  • IDFC Bond Fund -Short Term Plan- 15.90%
  • IDFC Core Equity Fund- 10.29%
  • IDFC Low Duration Fund- 8.77%
  • Clearing Corporation of India- 2.96%
  • IDFC Cash Fund- 0.84%

IDFC Asset Allocation Fund - Conservative Plan

  • Category: Fund of Funds (Domestic)
  • Monthly Avg AUM: Rs 13.43 Cr
  • AUM as on last day- Rs 13.08 Cr
  • Inception Date: 11 February 2010
  • Expense Ratio- 0.79%
  • Benchmark: 15% S&P BSE 200 TRI + 80% CRISIL Short Term Index + 5% Gold Prices
  • Minimum Monthly SIP- Rs 1000
  • Minimum Investment Amount- Rs 5000
  • Options- Growth and Dividend
  • Exit Load: 1.50% if redeemed before 18 months from the date of allotment.
  • Risk- Moderate
  • NAV- Rs 22.1890
  • Fund Manager- Mr. Arpit Kapoor

IDFC Asset Allocation Fund - Moderate Plan

  • Category: Fund of Funds (Domestic)
  • Monthly Avg AUM: Rs 32.27 Cr
  • AUM as on last day- Rs 31.99 Cr
  • Inception Date: 11 February 2010
  • Expense Ratio- 1.03%
  • Benchmark: 40% S&P BSE 200 TRI + 55% CRISIL Short Term Index + 5% Gold Prices
  • Minimum Monthly SIP- Rs 1000
  • Minimum Investment Amount- Rs 5000
  • Options- Growth and Dividend
  • Exit Load: 1.50% if redeemed before 18 months from the date of allotment.
  • Risk- Moderately High
  • NAV- Rs 23.3353
  • Fund Manager- Mr. Arpit Kapoor

IDFC Asset Allocation Fund - Aggressive Plan

  • Category: Fund of Funds (Domestic)
  • Monthly Avg AUM: Rs 15.91 Cr
  • AUM as on last day- Rs 15.63 Cr
  • Inception Date: 11 February 2010
  • Expense Ratio- 1.54%
  • Benchmark: 65% S&P BSE 200 TRI + 30% CRISIL Short Term Index + 5% Gold Prices
  • Minimum Monthly SIP- Rs 1000
  • Minimum Investment Amount- Rs 5000
  • Options- Growth and Dividend
  • Exit Load: 1.50% if redeemed before 18 months from the date of allotment.
  • Risk- Moderately High
  • NAV- Rs 23.3033
  • Fund Manager- Mr. Arpit Kapoor

IDFC All Season Bond Fund

Type of Scheme- An open ended fund of fund scheme investing in debt oriented mutual fund schemes (including liquid and money market schemes)

Category- Fund of Funds (Domestic)

Investment Objective- To seek short to medium term optimal returns

Expense Ratio

  • Regular- 0.49%
  • Direct- 0.10%

NAV In Rs

  • Regular Plan Growth- 30.9370
  • Regular Plan Dividend- 12.7606

Top Portfolio Holding

  • IDFC Banking & PSU Debt Fund- 60.05%
  • IDFC Bond Fund - Short Term Plan- 39.85%

Fund Management

  • Date of Allocation- 13th September 2004
  • Monthly Average AUM- Rs 146.84 Cr
  • AUM as on last day- Rs 148.86 Cr
  • Benchmark: NIFTY AAA Short Duration Bond Index
  • Minimum Monthly SIP- Rs 1000
  • SIP Frequency: Monthly
  • Minimum Investment Amount- Rs 5000
  • Option Available: Growth, Dividend
  • Standard Deviation (Annualized): 2.12%
  • Modified Duration: 2.24 years
  • Average Maturity: 2.65 years
  • Yield to Maturity: 6.61%
  • Exit Load: 0.50% if redeemed or switched before 3 months
  • Risk- Moderately Low
  • Fund Manager: Mr. Harshal Joshi

IDFC Overnight Fund

Type of Scheme- An open-ended Debt Scheme investing in overnight securities

Category: Overnight

Investment Objective- The fund seeks to generate short term optimal returns in line with overnight rates

Expense Ratio

  • Regular- 0.19%
  • Direct- 0.06%

NAV in Rs

  • Regular Plan-Growth: 1048.8128
  • Regular Plan Dividend Monthly- 1000.1222

Asset Allocation

  • NCA- 0.68%
  • TRI Party Repo- 99.32%

Top Portfolio Holding

  • TRI Party Repo Total- 99.32%
  • Net Cash and Cash Equivalent- 0.68%

Fund Management

  • Date of Allocation- 18 January 2019
  • Monthly Average AUM- Rs 751.63 Cr
  • AUM as on last day- Rs 766.62 Cr
  • Benchmark: Nifty 1D Rate Index
  • Minimum Monthly SIP- Rs 1000
  • SIP Frequency: Monthly
  • Minimum Investment Amount- Rs 5000
  • Option Available: Growth, Dividend
  • Exit Load: Nil
  • Modified duration: 3 days
  • Average Maturity: 3 days
  • Yield to Maturity: 4.70%
  • Risk- Low
  • Fund Manager: Mr Brijesh Shah

IDFC Cash Fund

Type of Scheme- An Open Ended Liquid Fund

Category- Liquid

Investment Objective- The fund seeks to invest in high quality debt and money market instruments with high liquidity and seeks to provide accrual income with low volatility.

Expense Ratio

  • Regular- 0.16%
  • Direct- 0.11%

NAV in Rs (as on last day)

  • Regular Plan Growth: 2359.4552
  • Regular Plan Dividend Monthly- 1000.8490

Asset Allocation

  • Commercial Paper- 35.99%
  • Treasury Bill- 34.73%
  • Certificate of Deposit- 18.60%
  • Corporate Bond- 8.29%
  • Zero Coupon Bond- 1.65%
  • NCA- 0.74%

Top 10 Portfolio Holding

  • 91 Days Tbill – 2020: 22.42%
  • 364 Days Tbill – 2020: 9.14%
  • Reliance Jio Infocomm: 8.65%
  • Bank of Baroda: 8.57%
  • Indian Oil Corporation: 5.54%
  • Reliace Retail: 4.82%
  • NTPC: 4.80%
  • Kotak Mahindra Prime: 4.01%
  • 76 Days CMB – 2020: 3.12%
  • NABARD: 2.89%

Fund Management

  • Date of Allocation- 2 July 2001
  • Monthly Average AUM- Rs 11,425.26 Cr
  • AUM as on last day- Rs 10,312.17 Cr
  • Benchmark: CRISIL Liquid Fund IndexMr. Anurag Mittal
  • Minimum Monthly SIP- Rs 100
  • SIP Frequency: Monthly
  • Minimum Investment Amount- Rs 100
  • Option Available: Growth, Dividend
  • Exit Load: 0.0045% if redeemed within 6 days.
  • Modified duration: 48 days
  • Average Maturity: 48 days
  • Yield to Maturity: 5.09%
  • Risk- Low
  • Fund Manager: Mr. Harshal Joshi and Mr. Anurag Mittal

IDFC Ultra Short Term Fund

Type of Scheme- An open-ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months

Category: Ultra Short Duration

Investment Objective- To invest in high quality debt and money market instruments with an average maturity of 3 to 6 months and seeks to provide stable returns with a low risk strategy.

Expense Ratio

  • Regular- 0.35%
  • Direct- 0.20%

NAV in Rs as on last day

  • Regular Plan Growth: 11.1990
  • Regular Plan Dividend Monthly- 10.0388

Asset Allocation

  • Corporate Bond- 60.08%
  • Certificate of Deposit- 18.75%
  • Commercial Paper- 7.82%
  • NCA- 6.07%
  • Treasury Bill- 5.47%
  • Zero Coupon Bond- 1.80%

Top 10 Portfolio Holding

  • LIC Housing Finance- 10.46%
  • Axis Bank- 8.46%
  • National Housing Bank- 8.45%
  • NABARD- 7.74%
  • HDFC- 7.30%
  • Bajaj Finance- 6.39%
  • Larsen & Toubro- 6.26%
  • Reliance Industries- 6.16%
  • Small Industries Dev Bank of India- 5.66%
  • 364 Days Tbill – 2020: 5.36%

Fund Management

  • Date of Allocation- 18th July 2018
  • Monthly Average AUM- Rs 4,455.32 Cr
  • AUM as on last day- Rs 4,407.74 Cr
  • Benchmark: NIFTY Ultra Short Duration Debt Index
  • Minimum Monthly SIP- Rs 100
  • SIP Frequency: Monthly
  • Minimum Investment Amount- Rs 100
  • Option Available: Growth, Dividend
  • Exit Load: Nil
  • Risk- Moderately Low
  • Fund Manager: Mr. Harshal Joshi

IDFC Low Duration Fund

Type of Scheme- An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months

Category- Low Duration

Investment Objective- The Fund aims to invest in high quality debt and money market instruments and seeks to provide returns predominantly through accrual income.

Expense Ratio

  • Regular- 0.48%
  • Direct- 0.25%

NAV in Rs as on last day

  • Regular Plan Growth: 28.0706
  • Regular Plan Dividend Monthly- 10.1072

Asset Allocation

  • Corporate Bond- 49.21%
  • Certificate of Deposit- 29.58%
  • Commercial Paper- 11.27%
  • NCA- 4.29%
  • Zero Coupon Bond- 2.82%
  • Treasury Bill- 2.79%
  • State Government Bond- 0.03%

Top 10 Portfolio Holding

  • Power Finance Corporation- 10.19%
  • Axis Bank- 9.97%
  • HDFC- 7.75%
  • Small Industries Dev Bank of India- 6.87%
  • LIC Housing Finance- 6.55%
  • ICICI Bank- 6.32%
  • Reliance Industries- 5.12%
  • REC- 4.51%
  • Reliance Industries- 3.72%
  • HDFC- 3.36%

Fund Management

  • Date of Allocation- 17 January 2006
  • Monthly Average AUM- Rs 5,347.45 Cr
  • AUM as on last day- Rs 5,323.26 Cr
  • Benchmark: NIFTY Low Duration Debt Index
  • Minimum Monthly SIP- Rs 100
  • SIP Frequency: Monthly
  • Standard Deviation- 0.85%
  • Modified Duration- 258 days
  • Average Maturity- 289 days
  • Yield to Maturity- 5.88%
  • Minimum Investment Amount- Rs 100
  • Option Available: Growth, Dividend
  • Exit Load: Nil
  • Risk- Moderately Low
  • Fund Manager: Mr Anurag Mittal

IDFC Money Manager Fund

Type of Scheme- An open ended debt scheme investing in money market instruments

Category: Money Market

Investment Objective- The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to provide returns predominantly through accrual income.

Expense Ratio

  • Regular- 1.03%
  • Direct- 0.28%

NAV in Rs as on last day

  • Regular Plan Growth: 30.1533
  • Regular Plan Dividend Monthly- 10.2554

Asset Allocation

  • Certificate of Deposit- 54.30%
  • Commercial Paper- 40.85%
  • NCA- 4.85%

Top 10 Portfolio Holding

  • Axis Bank- 12.59%
  • ICICI Bank- 11.84%
  • Reliance Industries- 11.41%
  • NABARD- 11.34%
  • Small Industries Dev Bank of India- 10.34%
  • Bajaj Finance- 10.22%
  • HDB Financial Services- 8.89%
  • HDFC- 8.25%
  • Bank of Baroda- 6.20%
  • Kotak Mahindra Investments- 2.08%

Fund Management

  • Date of Allocation- 18 February 2003
  • Monthly Average AUM- Rs 2,398.16 Cr
  • AUM as on last day- Rs 2,377.02 Cr
  • Benchmark: NIFTY Money Market Index
  • Minimum Monthly SIP- Rs 100
  • SIP Frequency: Monthly
  • Standard Deviation- 0.52%
  • Modified Duration- 132 days
  • Average Maturity- 132 days
  • Yield to Maturity- 5.62%
  • Minimum Investment Amount- Rs 100
  • Option Available: Growth, Dividend
  • Exit Load: Nil
  • Risk- Moderately Low
  • Fund Manager: Mr Anurag Mittal and Harshal Joshi

 

 

 

 

 

 

 

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