IDFC AMC Launches IDFC Multicap Fund: NFO Closes on November 26
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.
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 |
|
25% | 50% | |
|
25% | 50% | |
|
25% | 50% | |
| International equity, equity mutual
funds |
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. |
Benchmark
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.