|Min SIP Amount||₹1000|
|NAV||₹26.02 (09 Apr 2021)|
|Fund Started||30 Oct 2014|
|Fund Size||₹1,623 Cr|
|ICICI Bank Ltd.||Financial||Equity||9.7%|
|Axis Bank Ltd.||Financial||Equity||6.1%|
|HDFC Bank Ltd.||Financial||Equity||5.1%|
|Larsen & Toubro Ltd.||Construction||Equity||4.8%|
|Bharti Airtel Ltd.||Communication||Equity||4.6%|
|Mahindra & Mahindra Ltd.||Automobile||Equity||4.5%|
|Bajaj Finance Ltd.||Financial||Equity||4.1%|
|Crompton Greaves Consumer Electricals Ltd.||Cons Durable||Equity||4.1%|
|Larsen & Toubro Infotech Ltd.||Technology||Equity||3.4%|
IIFL Focused Equity Fund Direct Growth is a Equity Mutual Fund Scheme launched by IIFL Mutual Fund. This scheme was made available to investors on 30 Oct 2014. Prashasta Seth is the Current Fund Manager of IIFL Focused Equity Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,623 Cr and the Latest NAV as of 09 Apr 2021 is ₹26.02.
The IIFL Focused Equity Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months.
The scheme seeks to generate long term capital appreciation for investors from a portfolio of equity and equity related securities.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.