IIFL Focused Equity Fund Direct Growth is a Equity Mutual Fund Scheme launched by IIFL Mutual Fund. This scheme was introduced to investors on 30 Oct 2014. Prashasta Seth is the Current Fund Manager of IIFL Focused Equity Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹551 Cr and the Latest NAV as of 17 Jan 2020 is ₹19.86.
The IIFL Focused Equity Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months..
The investment objective of the scheme is to generate long term capital appreciation for investors from a portfolio of equity and equity related securities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 12 months.