Rating: ★ ★ ★ ★ ☆

IDFC Equity Savings Fund Direct Plan Annual Dividend Reinvestment

Hybrid

  

Equity Savings

NAV

10.91 0

as on (04 Jun, 2020)

RETURNS

3.42 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

1.53 %

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

53.87 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

To generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments.

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Fund manager

Rajendra Mishra

(since 30 Apr, 2018)

Exit load

1 %

(If redeemed within 365 days)

Minimum sip

₹ 100

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

Raymond Limited December 2018 Future

4.93 %

Raymond Ltd

4.9 %

Cholamandalam Investment And Fin. Co. Ltd

3.94 %

8.15% TN SDL 2028

3.93 %

Sector Allocation

About the Scheme Type

Equity Savings

Equity Savings Mutual Funds are an open ended fund scheme which try to balance risk and returns by investing in equities, arbitrage trades and fixed income securities. These are low risk funds given that the use of derivatives reduces the net equity exposure to 35 percent, thereby protecting investors from volatility. These funds are treated at par with equity funds for taxation purposes, because their gross equity exposure is more than 65%. The equity portion of the scheme opens the scheme for higher returns, while its debt component outlays stability to the returns.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

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.