IIFL Focused Equity Fund Regular Growth
- 18.47%
- (--0.3)23.4409
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 18.47% |
| 3 Years | 14.03% |
| 1 Year | 26.51% |
| 6 Months | 41.83% |
| Fund Details | |
|---|---|
| ISIN | INF579M01878 |
| Risk | Moderately High risk |
| Fund Type | Focused Fund |
| NAV | 23.4409 |
| Exit Load | 1% for 365 Days |
More about this fund
| Top Holdings | Weightage |
|---|---|
| ICICI Bank Ltd | 9.76% |
| HDFC Bank Ltd | 5.97% |
| Infosys Ltd | 5.71% |
| Bajaj Finance Ltd | 5.28% |
| Bharti Airtel Ltd | 4.8% |
| Crompton Greaves Consumer Electricals Ltd | 4.61% |
| Axis Bank Ltd | 4.52% |
| Mahindra & Mahindra Ltd | 4.19% |
| Larsen & Toubro Infotech Ltd | 4.14% |
| Dr Reddy's Laboratories Ltd | 3.84% |
About IIFL Focused Equity Fund
Being an open-ended equity fund, the scheme focuses to invest in 30 multicap stocks of Nifty 50 index. It looks for businesses with strong earnings growth, high return on capital employed (ROCE), and return on equity (ROE), cash generating capital-light business model and attractive valuation relative to its peers. To built concentrated portfolio of fast growing high quality companies, is endeavored by the scheme.
Pros and Cons of IIFL Focused Equity Fund
This product is suitable for those who are seeking:
- Opportunity to invest in the multicap stocks and earns high returns.
- Long term capital appreciation.
Fund Information and Statistics of IIFL Focused Equity Fund
i) Inception/ Launch date
The IIFL Focused Equity Fund was launched on 30 October 2014, by IIFL Mutual Fund.
ii) Risk level
This scheme is suitable for investors with moderately high risk appetite. The fund is invested in few stocks to build a concentrated portfolio. This approach leads to concentration risk. A sharp fall in any stock may impact the return of the entire portfolio.
iii) Redemption
The dispatch of redemption proceeds occurs within 10 business days from the date of receipt of the redemption request.
iv) Fund Manager
Mr. Prashasta Seth is the fund manager of IIFL Focused Equity Funds since November 2016.
v) Entry / Exit load
The entry load is NIL. The exit load of 4% is applicable if units are redeemed within 3 months from the date of allotment of units.
Tax benefits of investing in IIFL Focused Equity Fund
The Short-term capital gains tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 Lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About IIFL Mutual Fund
IIFL Mutual Fund offers funds for various investment horizons and gives access through 42 AMCs via it easy-to-use trading platform. They ensure that their customers are able to pick the best performing funds. They have a strong mutual fund research team which continuously monitors performance with aim to build and protect client’s wealth.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns