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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 47.72 Debt - Income 13.69%
IDFC Bond Fund Income Plan 12.20 Debt - Income 5.74%
IDFC Bond Fund Income Plan 11.63 Debt - Income 0.56%
IDFC Bond Fund Income Plan 11.78 Debt - Income 1.67%
IDFC Bond Fund Income Plan 15.67 Debt - Income 13.69%
IDFC Bond Fund Short Term Plan 40.08 Debt - Short Term 10.73%
IDFC Bond Fund Short Term Plan 10.62 Debt - Short Term 3.49%
IDFC Bond Fund Short Term Plan 10.28 Debt - Short Term 1.61%
IDFC Bond Fund Short Term Plan 10.25 Debt - Short Term 0.22%
IDFC Bond Fund Short Term Plan 10.35 Debt - Short Term 0.18%
IDFC Bond Fund Short Term Plan 14.87 Debt - Short Term 10.73%
IDFC G - Sec Fund - Constant Maturity Plan 31.28 Gilt Fund 19.24%
IDFC G - Sec Fund - Constant Maturity Plan 11.20 Gilt Fund 1.39%
IDFC G - Sec Fund - Constant Maturity Plan 10.43 Gilt Fund -1.21%
IDFC G - Sec Fund - Constant Maturity Plan 10.17 Gilt Fund -0.72%
IDFC G - Sec Fund - Constant Maturity Plan 16.77 Gilt Fund 19.24%
IDFC G - Sec Fund - Investment Plan - Qtrly Div 11.34 Gilt Fund 2.20%
IDFC Equity Savings Fund - Direct Plan 21.15 Equity - Hybrid 6.39%
IDFC Equity Savings Fund - Direct Plan 10.95 Equity - Hybrid 0%
IDFC Equity Savings Fund - Direct Plan 10.28 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 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.

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 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.

 

 

 

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