Fund of the week: IDFC STERLING EQUITY FUND


fund of the week HDFC Hybrid Equity Mutual Fund

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‘Fund of the Week’ is a new series of weekly articles from Sqrrl’s Blog. This series aims to familiarise the readers with the top performing mutual funds in the industry, be it liquid fund, equity fund, etc; covering aspects like returns, past performance, details about the fund manager, etc.. These articles are written after extremely detailed and enthusiastic research by Sqrrl’s team of writers.

We hope you’ll find these articles, and can truly understand the reason why ‘Mutual Funds Sahi Hai’.


IDFC STERLING EQUITY FUND

Fund Manager

 Mr. Anoop Bhaskar (w.e.f. 30/04/2016) & Mr. Daylynn Pinto (w.e.f. 20/10/2016)

Mr. Anoop Bhaskar is the Head of Equities at IDFC Asset Management Company Limited. Previously, Mr. Bhaskar served as Head of Equity and Fund Manager at UTI Asset Management Company (P) Ltd. since April 2007. He served as Senior Research Analyst and Portfolio Manager at Templeton Asset Management (India) Private Limited. Mr. Bhaskar holds a Masters in Business Administration in Finance from Symbiosis Institute of Business Management, Pune and a B.Com. from University of Delhi.

Daylynn Gerard Paul Pinto: Mr. Pinto is a B.Com (H) and PGDM.Mr. Pinto has an experience spanning over 12 years in the mutual fund industry. Prior to joining IDFC AMC he was associated with UTI AMC (Jul 2006-Sep 2016) as fund manager.


Type of Fund

Equity Fund (read more on types of mutual funds here)

IDFC Sterling Equity Fund is a mid/small cap fund that focuses on active stock selection strategy.


Details about the Fund

Minimum Investment

Rs 5000, and any amount thereafter.

Load Details

Entry load: Not Applicable
Exit Load: 1% if redeemed on or before 365 days from the date of allotment. (w.e.f. 07/09/2015)

SIP Frequency

Monthly (Any day of the month, except 29th, 30th & 31st day of the month)

Suitable For

This product is suitable for investors who are seeking to create wealth over a long period of time. Also suitable for investors that seek investment predominantly in equity and equity related instruments in the mid cap segment.

Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Risk Level: Moderately High


Here are the Top 3 Features of this week’s fund

1. Long Term Investment
Cyclical sectors are expected to drive earnings recovery over the next 3 years after a decade of tepid earnings growth and the fund is positioned to capture this upcoming opportunity.

2. Balanced Portfolio
As in the previous quarter, the fund’s allocation towards leaders/challengers and emerging businesses remained roughly 55:45. This gives us a “balanced” portfolio comprising of stocks with higher growth potentials (as well as investor expectations) as well steady growth companies.

3. Leader/Challengers and Emerging businesses Philosophy
The focus of IDFC Sterling Equity Fund has been on building a portfolio of Leader/Challengers and Emerging businesses with an emphasis on bottom up stock selection. This segregation helps in easy management of risk & liquidity aspects of the portfolio.


IDFC Sterlin Equity Fund Performance Snapshot Sqrrl Fund of the Week

 


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Written by

Vedant Kaushik