IDFC Large Cap Fund Growth
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|Risk||Moderately High risk|
More about this fund
|HDFC Bank Ltd||8.66%|
|Reliance Industries Ltd||7.58%|
|Bharti Airtel Ltd||7.02%|
|Housing Development Finance Corp Ltd||6.87%|
|Tata Consultancy Services Ltd||6.29%|
|ICICI Bank Ltd||5.79%|
|UltraTech Cement Ltd||4.17%|
|Hindustan Unilever Ltd||3.88%|
|Aurobindo Pharma Ltd||3.85%|
About IDFC Large Cap Fund
The IDFC Large Cap Fund is an open-ended equity scheme. It seeks to generate capital growth by investing stocks of large-cap companies. It was earlier known as IDFC Equity Fund and was renamed as IDFC Large Cap Fund on May 14, 2018.
Pros & Cons of IDFC Large Cap Fund
- The scheme will endeavor to invest around 80-100% of its total assets in stocks of large-cap companies. The remaining portion might be invested in stocks of mid-cap or small-cap companies or even in debt and money market instruments (depending on the market conditions).
- This is an actively managed scheme.
- As on September 30, 2018, the scheme is ranked 2 under CRISIL’s Large Cap Fund category. Further, it has generated returns of 13.61% per year over the last 10 years (as on January 04, 2018). However, the returns over the last year are negative (-5.73%).
Fund Information and Statistics of IDFC Large Cap Fund
Inception / Launch Date
The scheme was launched on 09 June 2006 by IDFC Mutual Fund.
The scheme is suitable for investors seeking long-term wealth creation and invests in equity and equity-related instruments of large-cap. 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.
Mr. Sumit Agarwal (since March 1, 2017), and Mr. Arpit Kapoor (since March 1, 2017) are the Fund Managers of the IDFC Large Cap Fund.
Entry / Exit Load
There is no entry load in this scheme. The exit load structure is as follows: 1. 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 2. 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 Large Cap 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
IDFC Mutual Fund was established in 2000. It has grown to become one of India’s largest fund houses (in terms of Assets under Management). With a widespread network and investor-focus, the fund house delivers consistent value to its investors.
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