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IDFC Mutual Fund

IDFC Mutual Fund was established in 2000 and is one of the largest Mutual Fund houses in India’s domestic market. In terms of Assets under Management or AUM, it is one of the 5 largest players in the sector. Over the years, the corporation has grown to cover most of the domestic market and has several regional headquarters across the Central and Eastern parts of the country, where economic growth is higher and more investment options are needed.

Despite being a relative newcomer, IDFC Mutual Fund has managed to shake up the domestic financial system. It has been the recipient of numerous awards and recognitions from the Mutual Funds statutory bodies and from industry leaders in media and management.

IDFC Mutual Funds have more than Rs. 69,334 Crore as Assets Under Management as of December 2018, making it one of the largest players in the Mutual Funds industry.

Managed by the IDFC AMC Trustee Company Private Limited, IDFC Mutual Fund currently has over 250 Mutual Funds in the market that are divested across various segments – from Gilt Funds to Fund of Funds and Children’s Funds.

In 2000, the Reserve Bank of India [] IDFC Ltd. to transfer its shareholding to IDFC Financial Holding Company Limited from IDFC’s Asset Management Company in keeping with banking norms. IDFC Ltd. continues to function as the largest shareholder in its Assets Management Company and the Mutual Funds business.

The parent organisation of IDFC Mutual Funds, IDFC Ltd., was established by the Central Government to fast-track the growth of private businesses in India. IDFC Ltd. also operates IDFC Bank.

IDFC Ltd. specialises in Financing, Principal Restructuring, Investment Banking, Brokerage, Assets Management and Advisory Services, and Project Financing. Its Asset Management operations include:

I. Investments via IDFC Alternatives Ltd., which specialises in private and project equity investments.

II. IDFC Assets Management Company or AMC which manages public markets asset management.

Auditors of IDFC Mutual Funds include the likes of Deloitte Haskins and Sells. The custodian of IDFC MF is Deutsche Bank Limited AG. IDFC Mutual Funds include of NAVs and AUMs, and have many options for first-time, experienced, retail and corporate investors et al.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
IDFC Banking & PSU Debt FundDebtLow to Moderate3.4%5₹16,383
IDFC Sterling Value FundEquityVery High8.0%4₹4,437
IDFC Tax Advantage (ELSS) FundEquityVery High4.3%4₹3,570
IDFC Large Cap FundEquityVery High2.0%4₹982
IDFC Balanced Advantage FundHybridVery High0.4%4₹2,945
IDFC Government Securities Investment Plan FundDebtModerate2.1%4₹1,366
IDFC Core Equity FundEquityVery High1.1%3₹2,278
IDFC Hybrid Equity FundHybridVery High1.7%3₹556
IDFC Nifty 50 Index FundOtherVery High2.3%3₹419
IDFC Focused Equity FundEquityVery High-0.7%3₹1,261
IDFC All Seasons Bond FundOtherModerate3.0%3₹140
IDFC Dynamic Bond FundDebtModerate2.0%3₹2,504
IDFC Bond FundDebtLow to Moderate2.9%3₹10,297
IDFC Asset Allocation Conservative FundOtherModerately High2.5%3₹9
IDFC Credit Risk FundDebtModerate3.7%3₹695
View All

Key information about IDFC Asset Management Company Ltd.

Mutual fund nameIDFC Mutual Fund
Asset management company nameIDFC Asset Management Company Ltd.
AMC Setup DateMarch 13, 2000
AMC Incorporation DateDec 20, 1999
Sponsor nameIDFC Ltd.
Trustee organisationIDFC AMC Trustee Company Private Limited
ChairmanMr Sunil Kakar
MD and CEOMr Vishal Kapoor
Investor Service OfficerMr. Sunil Aryamane

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How can you invest in ?

Investing in IDFC Mutual Funds is easy when you have an account with Groww, one of the largest online investing platforms. Here are the steps to invest in the best IDFC Mutual Fund online.

Step 1: Log in to your personal Groww account by providing your user ID and password. If you do not have a Groww account, you can easily register for one.

Step 2: You must now upload your identification documents similar to any financial establishment’s KYC norms. Accepted documents include a passport, a valid Driving license, PAN, Aadhaar Card, or any form of identification issued by either the Central or State Government.

Step 3: Upload documents validating your address. Accepted documents in this section include any document that lists your permanent residence.

Step 4: Select the appropriate period of investment.

Step 5: Select your preferred risk level. Choose from high, low or medium. High risk Mutual Funds usually have better returns but are also more susceptible to market volatility.

Step 6: You can now select the best IDFC Mutual Fund online via our website.

Step 7: If you are looking to invest a lump-sum amount for a longer term, you can select the “Invest one time” option. Alternatively, you can choose the option to “Start SIP.” You can choose from a wide range of plans from our secure website.

That sums up the process of your investment. The IDFC Mutual Fund you choose to invest in will reflect in your Groww account in 3-4 working days.

Top Fund Managers

1. Mr. Vinod Rai

Mr. Vinod Rai is the CAG of India. He is currently the Non-Executive Independent Chairman of IDFC Limited. He has previously served as the Secretary in the Central Ministry of Finance. During his stint as the Secretary, he was involved in the Financial Services sector and has extensive supervisory experience of banks and other financial organisations.

Mr. Rai has also served as one of the directors of ICICI Bank, IDBI Bank, IDFC and the LIC of India. In the past, Mr. Rai has also served in the Kerala Government as the Finance Ministry’s Principal Secretary.

With his long and remarkable track record in Governmental and private sectors, Mr. Rai adds an element of stability to a very dynamic company.

2. Ms. Anita Ramachandran

Ms. Ramachandran is currently one of the Independent Directors of IDFC Mutual Funds. She is an MBA from Jamnalal Bajaj Institute of Mumbai and is one of the most influential Human Resources professionals in India.

Ms. Ramachandran is an acclaimed expert in Compensation and Rewards Management. Previously, she has been associated with the A.F. Ferguson’s Management Consultancy. She is a very well-received author and a speaker, and has been a Dorab Tata scholar in the past.

3. Mr. Sunil Kakar

Mr. Kakar is currently the associate director of IDBI Mutual Fund. She is also the CEO and Managing Director of IDFC Limited. He began his career at the Bank of America. He has led the BoI’s India division for many years in the past too.

Mr. Kakar was one of the few members of the original group of professionals who founded Max New York Life in India. He first joined the IDFC family as one of the most senior members of the Group Chief Financial Officer initially. He is an alumnus of the St Xavier’s College of Kolkata and a B.Tech. from the Indian Institute of Management, Kanpur.

4. Mr. Vishwavir Saran Das

Mr. Das is an Independent Director of the Mutual Funds division of IDFC Ltd. He has a background in Economics and Human Resource Management. He qualified from CAIIB in Russia.

Mr. Das has worked for more than 36 years in the Reserve Bank of India. He has served with the Government to formulate the Right to Information Act and Financial Education of the people of India. She has previously worked as an Arbitrator of various stock exchanges of the Asian and International markets.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

IDFC Banking & PSU Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.12% & 7.55%. The IDFC Banking & PSU Debt Fund comes under the Debt category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Banking & PSU Debt Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹16,383Cr
1Y Returns3.4%

IDFC Sterling Value Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.93% & 11.87%. The IDFC Sterling Value Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Sterling Value Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹4,437Cr
1Y Returns8.0%

IDFC Tax Advantage (ELSS) Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.61% & 13.3%. The IDFC Tax Advantage (ELSS) Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Tax Advantage (ELSS) Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹3,570Cr
1Y Returns4.3%

IDFC Large Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.21% & 10.27%. The IDFC Large Cap Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Large Cap Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹982Cr
1Y Returns2.0%

IDFC Balanced Advantage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.37% & 8.93%. The IDFC Balanced Advantage Fund comes under the Hybrid category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Balanced Advantage Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹2,945Cr
1Y Returns0.4%

IDFC Government Securities Investment Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.84% & 7.38%. The IDFC Government Securities Investment Plan Fund comes under the Debt category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Government Securities Investment Plan Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,366Cr
1Y Returns2.1%

IDFC Core Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.36% & 10.15%. The IDFC Core Equity Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Core Equity Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹2,278Cr
1Y Returns1.1%

IDFC Hybrid Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.27% & 8.94%. The IDFC Hybrid Equity Fund comes under the Hybrid category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Hybrid Equity Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹556Cr
1Y Returns1.7%

IDFC Nifty 50 Index Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.92% & 11.79%. The IDFC Nifty 50 Index Fund comes under the Other category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Nifty 50 Index Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹419Cr
1Y Returns2.3%

IDFC Focused Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.58% & 8.53%. The IDFC Focused Equity Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Focused Equity Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹1,261Cr
1Y Returns-0.7%

IDFC All Seasons Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.79% & 6.98%. The IDFC All Seasons Bond Fund comes under the Other category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC All Seasons Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹140Cr
1Y Returns3.0%

IDFC Dynamic Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.58% & 6.87%. The IDFC Dynamic Bond Fund comes under the Debt category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Dynamic Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹2,504Cr
1Y Returns2.0%

IDFC Bond Fund Short Term Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.46% & 6.87%. The IDFC Bond Fund comes under the Debt category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹10,297Cr
1Y Returns2.9%

IDFC Asset Allocation Conservative Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.46% & 6.42%. The IDFC Asset Allocation Conservative Fund comes under the Other category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Asset Allocation Conservative Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹9Cr
1Y Returns2.5%

IDFC Credit Risk Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.32% & 6.65%. The IDFC Credit Risk Fund comes under the Debt category of IDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for IDFC Credit Risk Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹695Cr
1Y Returns3.7%

FAQs on IDFC Mutual Fund

How to Start IDFC Mutual Fund SIP Online?

One can start investing in IDFC Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in IDFC Mutual Funds.

How to Calculate IDFC Mutual Fund SIP?

To calculate IDFC Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your IDFC Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem IDFC Mutual Fund?

To redeem IDFC Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their IDFC Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An IDFC Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an IDFC Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the IDFC Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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