IDFC Asset Management Company Limited has launched a new fund offer for the IDFC Multicap fund. The fund is open for subscription between November 12, 2021, and November 26, 2021.

Read on to find out more about the NFO. 

Investment Objective

IDFC Multicap fund is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Equity and Equity related Instruments of which:  75% 100% Medium to High
  1. Large Cap Companies 
25%  50%
  1. Mid Cap Companies 
25%  50%
  1. Small Cap Companies 
25%  50%
International equity, equity mutual


0% 25% Medium to High
Debt Securities and Money Market

Instruments (including Government

securities, securitised debt)

0% 25% Low to Medium

Fund Details

Scheme name IDFC Multicap fund  
Type of scheme An open ended equity scheme investing across large cap, mid cap, small cap stock
NFO Dates November 12, 2021 – November 26, 2021.
Fund Managers Mr. Daylynn Pinto, Mr. Harshal Joshi, Mr. Viraj Kulkarni 
Benchmark Nifty 500 Multicap 50:25:25 Total Returns Index 
Minimum Amount for Application during NFO Rs. 5,000/- and in multiples of Re. 1 thereafter
Minimum Additional Purchase Amount Rs. 1000/- and in multiples of Re. 1 thereafter.
Minimum Redemption/Switch-Out Amount Rs. 1,000/- or the account balance of the investor, whichever is less.
Load a) Entry Load: N.A

b) Exit Load

(i)If redeemed/switched out within 1 year from the date of allotment – 1% of applicable NAV;

(ii) If redeemed/switched out after 1 year from the date of allotment – Nil 

Plans Direct and Regular
Options Growth, Income Distribution cum capital withdrawal (IDCW) 
Minimum SIP Amount Rs.100/- with minimum 6 instalments.


Nifty 500 Multicap 50:25:25 Total Returns Index 

The Nifty 500 Multicap 50:25:25 Total Returns Index measures the performance of a portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment.

A Total Return Index reflects the returns on the index arising from: 

(a) Listed stock price movements and 

(b) Dividend receipts from those stocks.

Fund Managers

Mr. Daylynn Pinto

Mr. Pinto has an experience spanning over 16 years in the mutual fund industry. He has been associated with IDFC AMC since October 2016. Prior to joining IDFC AMC, he was associated with UTI Asset Management Company Ltd as Fund Manager, responsible for fund management. (July 2006 to September 2016). 

Other schemes managed by him are: 

  • KIDFC Sterling Value Fund, IDFC Tax Advantage (ELSS) Fund

Mr. Harshal Joshi 

Mr. Joshi has experience spanning over 13 years in Mutual Fund. He has been associated with IDFC AMC since December’2008 with Fixed Income Investment team. Prior to the same he was

associated with ICAP India Pvt. Ltd. (2006 to 2007).

Other schemes managed by him are: 

  • IDFC Arbitrage Fund – Debt portion
  • IDFC Equity Savings Fund – Debt portion
  • IDFC All Season Bond Fund
  • IDFC Cash Fund
  • IDFC Ultra Short Term Fund
  • IDFC Money Manager Fund
  • IDFC Government Securities Fund – Constant Maturity Plan
  • IDFC Low Duration Fund
  • IDFC Gilt 2027 Index Fund
  • IDFC Gilt 2028 Index Fund
  • IDFC Regular Savings Fund – Debt portion
  • IDFC Hybrid Equity Fund – Debt portion 
  • IDFC US Equity Fund of Fund – Debt portion
  • IDFC Fixed Term Plans

Mr. Viraj Kulkarni (Dedicated fund manager for foreign/overseas investment)

Mr Kulkarni will be the dedicated fund manager for foreign securities. He joined IDFC AMC in September 2015. Prior experience:  Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014 – Sept.2015) – Management Trainee, Goldman Sachs Services India (June 2010 – May 2012) – Analyst, Wealth Management Technology. 

Mr. Viraj Kulkarni manages IDFC US Equity Fund of Fund. 


Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.