IDFC Multi Cap Fund Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||4.68%|
|HDFC Bank Ltd||4.32%|
|3M India Ltd||3.03%|
|Multi Commodity Exchange of India Ltd||2.89%|
|Britannia Industries Ltd||2.88%|
|Bata India Ltd||2.77%|
|Bharti Airtel Ltd||2.72%|
About IDFC Multi Cap Fund
The IDFC Multi Cap Fund is an open-ended equity scheme. It seeks to generate capital growth from an actively managed portfolio of predominantly equity and equity-related instruments across various market capitalizations (large-cap, mid-cap, and small-cap companies). It was earlier known as IDFC Premier Equity Fund and was renamed as IDFC Multi Cap Fund on May 02, 2018.
Pros & Cons of IDFC Multi Cap Fund
? The scheme will try to invest in well-managed and sustainable businesses whose shares are available at a reasonable value through a process of disciplined research. Further, the scheme will ensure that the portfolio is well-diversified across different sectors of the market to mitigate the overall risk. ? As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Multi Cap Fund category. ? Further, it has generated returns of 20.69% per year over the last 10 years (as on January 04, 2018). However, the returns over the last year are negative (-11.07%).
Fund Information and Statistics of IDFC Multi Cap Fund
Inception / Launch Date
The scheme was launched on 28 September 2005 by IDFC Mutual Fund.
The scheme is suitable for investors seeking long-term wealth creation and invests in equity and equity-related instruments across different market capitalizations. 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. Anoop Bhaskar and Mr. Kartik Mehta are the Fund Managers of the IDFC Multi Cap Fund.
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 Multi Cap Fund
The following taxes are applicable to income arising from investing in this scheme: ? STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. ? 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. In a relatively short span of time, the fund house has received recognition for its innovative approach to managing assets. It offers a wide range of mutual fund schemes for different investor preferences.
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