IDFC Core Equity Fund - Growth
|ICICI Bank Ltd||7.5%|
|HDFC Bank Ltd||5.68%|
|State Bank of India||4.86%|
|Reliance Industries Ltd||3.28%|
|Axis Bank Ltd||3.07%|
|Bharti Airtel Ltd||2.99%|
|Mahindra & Mahindra Ltd||2.51%|
|Tata Motors Ltd||2.44%|
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About IDFC Core Equity Fund
The IDFC Core Equity Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation by investing stocks of large-cap and mid-cap companies. It was earlier known as IDFC Classic Equity Fund and was renamed as IDFC Core Equity Fund on May 28, 2018.
Pros & Cons of IDFC Core Equity Fund
- The scheme will endeavor to invest at least 70% of its total assets in stocks of large-cap and mid-cap companies, available at a reasonable value through a process of disciplined research.
- The portfolio will be diversified across different sectors to mitigate the overall risk. As on September 30, 2018, the scheme is ranked 2 under CRISIL’s Large & Mid Cap Fund category.
- Further, it has generated returns of 13.66% per year over the last 10 years (as on January 04, 2018). However, the returns over the last year are negative (-7.79%).
Fund Information and Statistics of IDFC Core Equity Fund
i) Inception / Launch Date
The scheme was launched on 09 August 2005 by IDFC Mutual Fund.
ii) Risk Level
The scheme is suitable for investors seeking long-term wealth generation and invests in equity and equity-related instruments of large-cap and mid-cap companies. It carries a moderately-high risk level.
The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
Mr. Anoop Bhaskar is the Fund Manager of the IDFC Core Equity Fund since April 30, 2016.
v) Entry / Exit Load
There is no entry load in this scheme.
The exit load structure is as follows:
- If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
- If the units are redeemed after 365 days from the date of allotment of the said units, then the exit load = Nil
Tax benefits of investing in IDFC Core Equity Fund
The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. LTCG (units are held for a period of more than 12 months), in excess of Rs 1 lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About IDFC Mutual Fund
Established in 2000, IDFC Mutual Fund is one of India’s largest Mutual Fund Houses in terms of AuM. Over the years, the fund house has developed a strong network and endeavors to deliver consistent value to its investors.
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Frequently Asked Questions
What are equity funds?
Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are large cap, mid cap, small cap and multi cap equity funds?
SEBI ranks all listed companies based on the overall market capitalization (total value of outstanding shares). Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards Multi-cap funds invest in small cap, mid cap and large cap companies
What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment. Investing in mutual funds will give you higher returns as compared to a savings account which generally offer interests below 4%. At the same time, you can get your money out of liquid funds any time without any penalty or cost.
What are ELSS funds?
ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years. ELSS has benefits over other conventional tax saving instruments like FDs, NPS, etc. It has the lowest lock in period and the returns are higher than the other tax-saving schemes.
What are Balanced/ Hybrid funds?
Hybrid funds are mutual funds in which the fund manager allocates your money in both equity and debt in a certain ratio. The ratio is decided when the fund is announced and it remains constant throughout.
What are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
Is KYC necessary for ClearTax?
KYC is necessary for all fund houses. If you are investing through ClearTax, you need to do your KYC just once. The same KYC will be used for all further investments.
How to do KYC on ClearTax?
KYC verification through ClearTax is a very simple process. You can verify by: Using OTP sent to your Aadhaar-registered mobile number OR By uploading photos/scans of the required documents
Will the NAV be alloted on the same day as the date of payment?
Once the payment is successful and the KYC is complete, the NAV allocation is expected to be done by the next working day of the date of payment. In case of bank and trading market holidays, delay in allocation is expected from the Fund Houses
How much time will it take to get the folio number after the payment?
It takes 2-3 working days to get the folio number once we receive the payment and transaction is processed to the respective Fund House.
What are short terms funds?
Short term funds are mainly those funds which invest in instruments with short maturities, ranging from 1-3 years. These are ideal for conservative investors as they are not majorly affected by interest rate movement.
What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
What are Bluechip funds?
Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.