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IDFC Asset Allocation Fund Of Fund - Conservative Plan - Direct Plan - Growth

Others

  

Fund of Funds

NAV

21.943 + 0.2999

as on (27 Mar, 2020)

RETURNS

4.93 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.06 %

Benchmark

Domestic Price of Gold

Asset Size

10.16 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

The investment objective of the scheme is to provide diversification across asset classes and generate a mix of capital appreciation and income predominantly through investment in equity funds and debt funds of IDFC Mutual Fund based on a defined asset allocation model.

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Fund manager

Arpit Kapoor

(since 18 Apr, 2018)

Exit load

1 %

(If redeemed within 540 days)

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

IDFC Low Duration Dir Gr

40 %

IDFC Bond S/T Dir Gr

34.03 %

IDFC Large Cap Dir Gr

8.31 %

IDFC Core Equity Dir Gr

8.02 %

Sector Allocation

About the Scheme Type

Fund of Funds

Similar to how funds invest in stocks and bonds, Fund of Funds are mutual fund schemes which invest in other mutual fund schemes. The fund manager can invest in the fund schemes of same mutual fund house or different mutual fund houses. It’s particularly good for smaller risk averse investors with the capacity of putting in small amounts every month as the fund’s diversification reduces the risk to a certain extent. Few advantages of Fund of Funds include Tax friendly, ease of handling as there’s just one NAV and folio to track, small investor friendly, while the disadvantages come in the form of high expense ratio and possibility of more than required diversification.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

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Overview of IDFC Asset Management Company Limited

IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.