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IDFC Mutual Fund

IDFC Asset Management Company Limited is one of the largest mutual fund houses in India. It was established in the year 2000 and offers the investors the option to invest in up to 30 kinds of mutual funds.

Types of Mutual Funds offered by IDFC

There are three types of mutual funds offered by IDFC which are:

  • Equity
  • Debt
  • Hybrid

Equity funds offered by IDFC Mutual Fund

IDFC Sterling Value Fund

Fund Type

Open-ended equity scheme

Entry Load

Nil

Exit Load

1% if redeemed within a year from the date of allotment

Benchmark

Nifty Free Float Midcap 100 Index

Fund Manager

Mr. Anoop Bhaskar and Mr. Daylnn Pinto

Risk Factor

Moderately High

Investment Objective of IDFC Sterling Value Fund

The investment objective of the IDFC Sterling Value Fund is to help those investors who wish to generate capital appreciation from a diversified range of equity and instruments related to equity.

Who is IDFC Sterling Value Fund for?

This fund is suitable for those who wish to:

  • Invest predominantly in equity and equity-based instruments across market capitalisation and
  • Want to build wealth over a long period of time.

IDFC Tax Advantage (ELSS) Fund

Fund Type

An open-ended equity linked saving scheme

Entry Load

Nil

Exit Load

Nil

Benchmark

S&P BSE 200 index

Fund Manager

Mr. Daylnn Pinto

Risk Factor

Moderately High

Investment Objective of IDFC Tax Advantage (ELSS) Fund

The investment objective of IDFC Tax Advantage (ELSS) Fund is to help the investors who wish to generate capital growth for a long term period with the help of a diversified range of equity and equity-based instruments, and also enjoy tax benefits under the Income Tax Act, 1961.

Who is IDFC Tax Advantage (ELSS) Fund for?

This fund is suitable for those investors who wish to:

  • Invest in equity and equity-based instruments and
  • Create wealth over a long period of time

IDFC Multi Cap Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

1% if redeemed or switched within a year from the date of allotment

Benchmark

S&P BSE 500 index

Fund Manager

Ms. Punam Sharma and Mr. Anoop Bhaskar

Risk Factor

Moderately High

Investment Objective of IDFC Multi Cap Fund

This scheme encourages systematic investing and is suitable for investors who wish to generate capital growth with the help of equity and equity-based instruments. The scheme portfolio would acquire small, medium, and inter alia size businesses available at cheap valuation with great potential.

Who is IDFC Multi Cap Fund for?

This fund is for those investors who wish to:

  • Invest predominantly in equity and equity-based instruments and
  • Create wealth for themselves over a long period of time

IDFC Infrastructure Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

1% if redeemed or switched within a year from the date of allotment

Benchmark

Nifty Infrastructure

Fund Manager

Mr. Rajendra K Mishra

Risk Factor

High

Investment objective of IDFC Infrastructure Fund

This fund is suitable for those investors who wish to generate capital growth by investing in equity and equity-based instruments of those companies who participate in Indian infrastructure and activities related to it.

Who is IDFC Infrastructure Fund for?

This fund is suitable for those investors who wish to:

  • Predominantly invest in equity and equity-based instruments and participate in Indian infrastructure and activities related to it
  • And create wealth for themselves over a long period of time

IDFC Core Equity Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

2% if redeemed within 18 months from the date of allotment

Benchmark

S&P BSE 200 index

Fund Manager

Mr. Anoop Bhaskar

Risk Factor

Moderately High

Investment objective of IDFC Core Equity Fund

This is a diversified equity fund consisting of large and mid-cap stocks. The focus of this fund is to build a portfolio of good companies while being aware of its relative valuation.

Who is IDFC Core Equity Fund for?

This fund is for the investors who wish to:

  • Invest in equity and equity-based instruments across market capitalisation
  • Create wealth over a long period of time

IDFC Focused Equity Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

1% if redeemed or switched within a year from the date of allotment

Benchmark

Nifty 50 Index

Fund Manager

Mr. Sumit Agarwal

Risk Factor

Moderately High

Investment objective of Focused Equity Fund

This type of fund has a diversified portfolio of equity and equity-related schemes belonging to up to 30 companies and provides its investors with the flexibility to invest in various sectors across various capitalisation.

Who is Focused Equity Fund for?

This fund is suitable for those who wish to:

  • Create wealth over a period of time and
  • Wish to invest in equity and equity-based instruments of up to 30 companies

IDFC Nifty Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

1% if redeemed or switched within 7 days from the date of allotment

Benchmark

Nifty 50 Index

Fund Manager

Mr. Sumit Agarwal and Mr. Arpit Kapoor

Risk Factor

Moderately High

Investment objective of IDFC Nifty Fund

This fund aims to replicate the Nifty 50 index by investing in the stocks of the Nifty 50 index in the same proportion.

Who is IDFC Nifty Fund for?

This fund is suitable for investors who wish to:

  • Create wealth for themselves over a long period of time
  • And invest in equity and equity-based instruments which are a part of the Nifty 50 index

IDFC Large Cap Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

1% if redeemed or switched within 1 year from the date of allotment

Benchmark

S&P BSE 100 Index

Fund Manager

Mr. Sumit Agarwal and Mr. Arpit Kapoor

Risk Factor

Moderately High

Investment objective of IDFC Large Fund

This fund aims to invest in large-cap, high quality, and growth-oriented stocks operated by a well run management team. This fund prefers to invest in companies which boasts of robust operating cash flow and a robust return on the capital.

Who is IDFC Large Equity Fund for?

This fund is suitable for investors who wish to:

  • To invest in equity and equity-based instruments of large-cap based companies
  • And create wealth for themselves over a long period of time

IDFC Arbitrage Fund

Fund Type

An open-ended equity scheme

Entry Load

Nil

Exit Load

0.25% if redeemed or switched within 1 month from the date of allotment

Benchmark

CRISIL Liquid Fund Index

Fund Manager

Equity Portion: Mr. Yogik Pitti and Mr. Arpit Kapoor

Debt Portion: Mr. Harshal Joshi

Risk Factor

Moderately Low

Investment objective of IDFC Arbitrage Fund

This fund aims to generate capital income and appreciation by investing in arbitrage opportunities in derivative and cash segments of the equity markets and also the arbitrage opportunities in the derivative segment. It also aims at generating income via investment in money market and debt instruments.

Who is IDFC Arbitrage Fund for?

This fund is for investors who wish to:

  • Invest in arbitrage opportunities
  • And generate low volatility returns over a short to medium period of time

IDFC Nifty ETF

Fund Type

An open-ended exchange traded fund

Entry Load

Nil

Exit Load

Nil

Benchmark

Nifty 50 Index

Fund Manager

Mr. Yogik Pitti

Risk Factor

Moderately High

Investment objective of IDFC Nifty ETF Fund

This fund is an open-traded fund that aims to provide returns that, before expenses, closely match the total return of the Nifty 50.

Who is IDFC Nifty ETF Fund for?

This fund is suitable for investors who wish to:

  • Invest in stocks covered by Nifty 50
  • And create wealth over a long period of time

IDFC Sensex ETF

Fund Type

An open-ended exchange traded fund

Entry Load

Nil

Exit Load

Nil

Benchmark

S&P BSE Sensex Index

Fund Manager

Mr. Yogik Pitti

Risk Factor

Moderately High

Investment objective of IDFC Sensex ETF

This fund is an open-traded fund that aims to provide returns that, before expenses, closely match the total return of the S&P BSE Sensex Index.

Who is IDFC Sensex ETF for?

This fund is suitable for investors who wish to:

  • Invest in stocks, equity and equity-based instruments related to S&P BSE Sensex Index
  • And create wealth over a long period of time

Debt funds offered by IDFC Mutual Fund

IDFC Government Securities Fund - Constant Maturity Plan

Fund Type

An open-ended dedicated gilt fund

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL 10 Year Gilt Index

Fund Manager

Mr. Harshal Joshi

Risk Factor

Moderate

Investment objective of IDFC Government Securities Fund - Constant Maturity Plan

This fund aims to generate high returns with high liquidity by investing in Government Securities. This fund is a mix of state development loans, government bonds, and treasury bills. This fund generally pools your money at the shorter end of the sovereign yield curve.

Who is IDFC Government Securities Fund - Constant Maturity Plan for?

This fund is suitable for those investors who wish to:

  • Invest their money in Government Securities whose average maturity of the portfolio is 10 years
  • And generate optimal returns over a longer period of time

IDFC Low Duration Fund

Fund Type

An open-ended income scheme

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL Liquid Fund Index

Fund Manager

Mr. Anurag Mittal

Risk Factor

Moderately Low

Investment objective of IDFC Low Duration Fund

This fund invests in money market and debt instruments of high quality and provides returns mainly through increase in income.

Who is IDFC Low Duration Fund for?

This fund is suitable for those investors who wish to:

  • Invest in money market and debt instruments such that the Macaulay duration of the portfolio is 6 months to 1 year
  • And provide short-term returns with high liquidity and relative stability

IDFC Cash Fund

Fund Type

An open-ended liquid scheme

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL Liquid Fund Index

Fund Manager

Mr. Harshal Joshi and Anurag Mittal

Risk Factor

Low

Investment objective of IDFC Cash Fund

The objective of this fund is to invest in money market and debt-based instruments with high liquidity and provide an increase in income with low volatility.

Who is IDFC Cash Fund for?

This fund is for those investors who wish to:

  • Invest in debt and money market instruments with a maturity up to 91 days
  • And provide short-term best returns with high liquidity and relative stability

IDFC All Seasons Bond Fund

Fund Type

An open-ended fund of fund scheme

Entry Load

Nil

Exit Load

0.50% if redeemed or switched within 3 months from the date of allotment

Benchmark

CRISIL Short Term Bond Fund Index

Fund Manager

Mr. Harshal Joshi

Risk Factor

Moderately Low

Investment objective of IDFC All Season Bond Fund

This fund is a fund of fund (FOF) scheme which can invest in more than one fund within its basket of short-term offerings. The fund manager gets the flexibility to invest between money market and debt, benefitting from the increase in income and optimising the returns available.

Who is IDFC All Season Bond Fund for?

This fund is suitable for those investors who wish to:

  • Invest in debt-based instruments
  • And offer optimal returns over a short to medium term

IDFC Government Securities Fund-Investment Plan (IP)

Fund Type

An open-ended dedicated gilt fund

Entry Load

Nil

Exit Load

Nil

Benchmark

I-Sec Composite Index

Fund Manager

Mr. Suyash Choudhary

Risk Factor

Moderate

Investment objective of IDFC Government Securities Fund-IP

This is a gilt fund which invests in Government Securities and aims to generate optimal returns with high liquidity.

Who is IDFC Government Securities Fund-IP for?

This fund is suitable for those investors who wish to:

  • Invest in Government Securities
  • And provide long-term optimal returns

IDFC Bond Fund - Short Term Plan

Fund Type

An open-ended income fund

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL AAA Short-Term Index

Fund Manager

Mr. Suyash Choudhary

Risk Factor

Moderately Low

Investment objective of IDFC Bond Fund - Short Term Plan

This is a short-term income fund whose portfolio is a mix of money market and short-term debt funds. The average maturity of the portfolio does not exceed around 2 years.

Who is IDFC Bond Fund - Short Term Plan

This fund is perfect for those investors who wish to:

  • Invest in money market and debt instruments such that the Macaulay duration of its portfolio is from 1 year to 3 years OR between 1 year and 3 years
  • And generate optimal returns over a short to medium period of time

IDFC Money Manager Fund

Fund Type

An open-ended income fund

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL Liquid Fund Index

Fund Manager

Mr. Anurag Mittal and Mr. Harshal Joshi

Risk Factor

Moderately Low

Investment objective of IDFC Money Manager Fund

This fund invests in highly rated money market and debt funds which have a short maturity. It looks to generate returns through accrual income.

Who is IDFC Money Manager Fund for?

This fund is recommended for those investors who wish to:

  • Invest in money market and debt instruments
  • And generate short-term returns with high liquidity and relative stability

IDFC Banking and PSU Debt Fund

Fund Type

An open-ended debt scheme

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL Short Term Bond Fund Index

Fund Manager

Mr. Anurag Mittal

Risk Factor

Moderate

Investment objective of IDFC Banking and PSU Debt Fund

This fund invests mainly in money market and debt instruments of Banks, Private Finance Initiative (PFI), and Public Sectors Undertaking (PSU) of high quality.

Who is IDFC Banking and PSU Debt Fund for?

This fund is recommended for investors who wish to:

  • Invest in money market and debt instruments of banks, PSU, and PFI
  • And generate optimal returns for a short to medium period of time

IDFC Dynamic Bond Fund Regular Plan

Fund Type

An open-ended dynamic debt scheme

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL Composite Bond Fund Index

Fund Manager

Mr. Suyash Choudhary

Risk Factor

Moderate

Investment objective of IDFC Dynamic Bond Fund Regular Plan

This fund is a part of the income fund category and looks to invest in instruments which it thinks will perform better for a longer period of time.

Who is IDFC Dynamic Bond Fund Regular Plan for?

This fund is suitable for those investors who wish to:

  • Invest in debt and money market instruments including Government Sectors
  • And generate optimal returns over a longer period of time

IDFC Bond Fund - Medium Term Plan

Fund Type

An open-ended medium term debt scheme

Entry Load

Nil

Exit Load

0.50% if redeemed or switched within 6 months from the date of allotment

Benchmark

CRISIL Short Term Bond Fund Index

Fund Manager

Mr. Suyash Choudhary

Risk Factor

Moderate

Investment objective of IDFC Bond Fund - Medium Term Plan

This fund invests in debts and money market instruments and belongs to the short term fund category. The overall maturity of this fund is 4 years and is suitable for investors who are looking for moderate returns. Around the 4 year mark, the average maturity cap makes the fund offer benefits and lower volatility despite the potential fall in rates.

Who is IDFC Bond Fund - Medium Term Plan for?

This fund is suitable for those who wish to:

  • Invest in money market and debt instruments such that the Macaulay duration of the portfolio is from 3 years to 4 years
  • And generate returns over the medium term

IDFC Bond Fund - Long Term Plan

Fund Type

An open-ended debt scheme

Entry Load

Nil

Exit Load

Redeemed or switched within a year from the date of allotment:

  • Nil for 10% of the investment and
  • 1% for the remaining investment

Benchmark

CRISIL Composite Bond Fund Index

Fund Manager

Mr. Suyash Choudhary

Risk Factor

Moderate

Investment objective of IDFC Bond Fund - Long Term Plan

This is a bond fund which actively invests in high rated debt and money market instruments including government securities. It aims to generate long-term returns with the help of capital appreciation and accrual income.

Who is IDFC Bond Fund - Long Term Plan for?

This fund is suitable for those who wish to:

  • Invest in money market and debt instruments including government securities such that the Macaulay duration of the portfolio is more than 7 years
  • And generate returns over a long period of time

IDFC Corporate Bond Fund

Fund Type

An open-ended income fund

Entry Load

Nil

Exit Load

Nil

Benchmark

CRISIL Short Term Bond Fund Index

Fund Manager

Mr. Anurag Mittal

Risk Factor

Moderate

Investment objective of IDFC Corporate Bond Fund

This bond delivers returns by investing in corporate bonds. The average maturity of this portfolio is not more than 5 years and does not invest in government securities.

Who is IDFC Corporate Bond Fund for?

This fund is suitable for those investors who wish to:

  • Invest in high-quality corporate bonds
  • And generate optimal returns over a short to medium period of time

IDFC Credit Risk Fund

Fund Type

An open-ended income fund

Entry Load

Nil

Exit Load

1% if redeemed or switched within a year from the date of allotment

Benchmark

80% CRISIL AA Medium Term Bond Index Fund + 20% Crisil AAA Short-Term Bond Index Fund

Fund Manager

Mr. Arvind Subramanian and Ms. Khushboo Sharma

Risk Factor

Moderate

Investment objective of IDFC Credit Risk Fund

This fund invests in companies who management is well run and has ever improving financial profile.

Who is IDFC Credit Risk Fund for?

This fund is suitable for investors who wish to:

  • Invest in corporate debt securities
  • And generate optimal returns over a medium to long period of time

Hybrid Funds offered by IDFC Mutual Fund

IDFC Asset Allocation Fund of Funds - Aggressive Plan

Fund Type

Fund of fund scheme

Entry Load

Nil

Exit Load

1.50% if redeemed or switched before 18 months from the date of allotment

Benchmark

  • CP: 15% S&P BSE 200 + 80% CRISIL
  • Short-Term Index + 5% Gold Prices
  • MP: 40% S&P BSE 200 + 55% CRISIL
  • Short-Term Index + 5% Gold Prices
  • AP: 65% S&P BSE 200 + 30% CRISIL
  • Short-Term Index + 5% Gold Prices

Fund Manager

Mr. Arpit Kapoor

Risk Factor

Moderately High

Investment objective of IDFC Asset Allocation Fund of Funds - Aggressive Plan

This type of fund diversifies your investments and participates in the mix of three asset classes - equity, debt, and gold. The investment allocated in the equity funds is pooled across market capitalisations followed by debt where the money is invested in short-term funds. The investment allocated for gold is to protect the investor’s range of investments against inflation. The allocation of these respective assets is rebalanced into three types of funds- Moderate, Conservative, and Aggressive. The main aim of this fund is to optimise returns by allocating assets to funds which reflect the basic macroeconomic theme.

Who is IDFC Asset Allocation Fund of Funds - Aggressive Plan for?

If the investor is availing the IDFC Asset Allocation Fund - Aggressive Plan

  • This fund is suitable if the investor is looking to invest in various IDFC Mutual Fund based schemes based as per a specific asset allocation model
  • And wants to generate income and capital appreciation over a long period of time

IDFC Asset Allocation Fund of Funds - Moderate Plan

Fund Type

Fund of fund scheme

Entry Load

Nil

Exit Load

1.50% if redeemed or switched before 18 months from the date of allotment

Benchmark

  • CP: 15% S&P BSE 200 + 80% CRISIL
  • Short-Term Index + 5% Gold Prices
  • MP: 40% S&P BSE 200 + 55% CRISIL
  • Short-Term Index + 5% Gold Prices
  • AP: 65% S&P BSE 200 + 30% CRISIL
  • Short Term-Index + 5% Gold Prices

Fund Manager

Mr. Arpit Kapoor

Risk Factor

Moderately High

Investment objective of IDFC Asset Allocation Fund of Funds - Moderate Plan

This type of fund diversifies your investments and participates in the mix of three asset classes - debt, equity, and gold. The investment allocated in the equity funds is pooled across market capitalisations followed by debt where the money is invested in short-term funds. The investment allocated for gold is to hedge the portfolio against inflation. The allocation of these respective assets is rebalanced into three types Moderate, Conservative, and Aggressive. The main aim of this fund is to enhance returns by allocating assets to funds which reflect the basic macroeconomic theme.

Who is IDFC Asset Allocation Fund of Funds - Moderate Plan for?

If the investor is availing the IDFC Asset Allocation Fund - Moderate Plan:

  • This fund is suitable if the investor is looking to invest in various IDFC Mutual Fund based schemes based as per a specific asset allocation model
  • And wants to generate income and capital appreciation over a long period of time

IDFC Asset Allocation Fund of Funds - Conservative Plan

Fund Type

Fund of fund scheme

Entry Load

Nil

Exit Load

1.50% if redeemed or switched before 18 months from the date of allotment

Benchmark

  • CP: 15% S&P BSE 200 + 80% CRISIL
  • Short-Term Index + 5% Gold Prices
  • MP: 40% S&P BSE 200 + 55% CRISIL
  • Short-Term Index + 5% Gold Prices
  • AP: 65% S&P BSE 200 + 30% CRISIL
  • Short-Term Index + 5% Gold Prices

Fund Manager

Mr. Arpit Kapoor

Risk Factor

Moderate

Investment objective of IDFC Asset Allocation Fund of Funds - Conservative Plan

This type of fund diversifies your investments and participates in the mix of three asset classes - equity, debt, and gold. The investment allocated in the equity funds is pooled across market capitalisations followed by debt where the money is invested in short-term funds. The investment allocated for gold is to protect the investor’s range of investments against inflation. The allocation of these respective assets is rebalanced into three types of funds- Moderate,Conservative, and Aggressive. The main aim of this fund is to optimise returns by allocating assets to funds which reflects the underlying macroeconomic theme.

Who is IDFC Asset Allocation Fund of Funds - Conservative Plan for?

If the investor is availing the IDFC Asset Allocation Fund - Conservative Plan:

  • This fund is suitable if the investor is looking to invest in various IDFC Mutual Fund based schemes based as per a specific asset allocation model
  • And wants to generate income and capital appreciation over a long period of time

IDFC Dynamic Equity Fund

Fund Type

An open-ended dynamic asset allocation fund

Entry Load

Nil

Exit Load

Redeemed or switched within a year from the date of allotment:

  • Nil for 10% of the investment and
  • 1% for the remaining investment

Benchmark

  • CRISIL Hybrid 35+65 - Aggressive Index

Fund Manager

Mr. Arpit Kapoor, Mr. Sumit Agarwal, and Arvind Subramanian

Risk Factor

Moderately High

Investment objective of IDFC Dynamic Equity Fund

This type of fund invests both in equity and debt. This fund works in a very simple manner. The equity fund purchases more when the markets are cheap and less when the markets are expensive. This fund is based on a model where it tracks the market valuation.

Who is IDFC Dynamic Equity Fund for?

This fund is suitable for those who wish to:

  • Dynamically allocate their funds towards equity, debt, money market, and derivatives
  • And create wealth over a long period of time

IDFC Hybrid Equity Fund

Fund Type

An open-ended hybrid scheme

Entry Load

Nil

Exit Load

Redeemed or switched within a year from the date of allotment:

  • Nil for 10% of the investment and
  • 1% for the remaining investment

Benchmark

  • CRISIL Hybrid 35+65 - Aggressive Index

Fund Manager

Mr. Suyash Chaudhary and Mr. Anurag Mittal, and Mr. Anoop Bhaskar

Risk Factor

Moderately High

Investment objective of IDFC Hybrid Equity Fund

This fund provides its investors the option to invest in both equity (from 65% to 80%) and debt ( from 20% to 35%). This fund offers potential growth along with the stability of returns.

Who is IDFC Hybrid Equity Fund for?

This fund is recommended for investors who are looking for:

  • Current income and capital appreciation by investing in a mix of equity and fixed income securities and
  • Generate wealth over a long period of time

Save Tax by Investing in Tax Savings Mutual Funds from IDFC Mutual Fund

  • IDFC Tax Advantage (ELSS) Fund

Who is eligible for IDFC Mutual Fund

The IDFC Mutual Fund can be availed by the following entities:

  • Resident Individuals
  • Minors
  • Hindu Undivided Family (HUF)
  • Sole Proprietors
  • Non-Resident Indians (NRI)

Documents Required for IDFC Mutual Funds

Documents required if the investor is an individual who is looking to invest in the mutual fund for the first time and is purchasing it from a distributor:

  • Scheme application form (form can be downloaded online)
  • Cheque or NEFT/RTGS transfer letter
  • Nomination form (form can be downloaded online)
  • Power of attorney (wherever applicable)
  • Cancelled cheque for registration of bank mandate
  • Third party declaration form (wherever applicable)
  • Proof of Date of Birth (If the applicant is a minor)
  • KYC acknowledgment copy

Documents required if the investor is looking to invest in the mutual fund for the first time and is purchasing it online:

  • Scanned image of the self-attested cancelled cheque/passbook/bank statement, proof of relationship for the guardian (if the applicant is a minor)
  • The proof of relationship between the parent/guardian (if the applicant is a minor) and the investor must be submitted online during the applicant is below the age of 18 years.

Documents required if the person is a non - individual and is purchasing the mutual fund from a distributor:

  • Scheme application form
  • Payment instrument
  • Authorised Signatory List
  • Board resolution (BR)
  • Cancelled cheque for registration of bank mandate
  • KYC acknowledgement copy

Documents required if the person is an NRI purchasing the mutual fund from a distributor for the first time:

  • Scheme application form
  • Cheque or NEFT/RTGS transfer letter
  • Nomination form (form can be downloaded online)
  • Power of attorney (wherever applicable)
  • Cancelled cheque for registration of bank mandate
  • Banker’s debit certificate confirming the transaction from NRE/NRO account
  • Third party declaration form (wherever applicable)
  • Proof of Date of Birth (If the applicant is a minor)
  • KYC acknowledgment copy

How to invest in IDFC Mutual Funds online?

Here are the steps you can follow to invest in the IDFC Mutual Fund:

  1. You will have to visit https://mfonline.idfcmf.com/ where you will have to choose between whether you are an existing customer or investing for the first time.
  2. Since you are a new investor, you will click on the second option.
  3. You will notice a ‘GET STARTED’ tab located on the page, clicking on which you will be required to enter certain details.
  4. You will have to select the bank in which you have your account, followed by your date of birth and your PAN Card number.
  5. You will have to select any of the following options for the ‘mode of following’ which are Single, Any one OR Survivor, and Either or Survivor. If you select any of the last two options, you will have to provide the date of birth and the Pan Card number of the secondary holder and also the third holder if you wish to add him/her.
  6. You will have to tick a box against which it says that you are an Indian citizen residing in India and all the funds towards subscription are paid out by your primary bank account.
  7. You will have to click on the other box which says ‘I am not a robot’ and click on the Continue tab.
  8. The mutual fund will check whether your KYC compliance is completed or not. If it is not, you will have to submit your KYC compliance either online or offline.
  9. On selecting offline, you will be redirected to a separate page where you will have to enter your personal details and finally submit it.
  10. If you have selected the online process for the submission of your KYC compliance, you will have to authenticate your identity either through a One time password (OTP) or by biometric. If you have chosen the OTP option, you will have to provide your Aadhar number and your mobile number and email ID, following which you will receive an OTP on your registered mobile number and email ID. After entering the password you will have to provide other details and click on ‘Next’ following which the IDFC Mutual Fund Company will get back to you.
  11. You can also select the biometrics option to submit your KYC compliance. You will have to enter your Aadhar Number, followed by mobile number, email ID, and gender. You will also have to put a scanned version of your signature and click on the Finger Scan option.
  12. After entering all the details, you can click on the ‘Next’ button following which the IDFC Mutual Fund Company will get back to you.

Frequently Asked Questions

  1. What is NAV?
  2. NAV or Net Asset Value is nothing but the sum total of all the market shares held in a portfolio minus the liabilities divided by the number of outstanding units. You buy and sell funds on the basis of NAVs. NAV can be calculated in the following manner:

    NAV= The market value of the fund investments + Receivables + Accrued Income Liabilities - Accrued Expenses

  3. What are the different types of Mutual Funds?
  4. Mutual Funds can be broadly divided into three categories- Equity, Debt, and Commodity. A commodity fund can be further classified into 8 different types of funds which are Diversified Funds, Sector Funds, Tax Saving Funds, Liquid Funds, Gilt Funds, Balanced Funds, Arbitrage Funds, and Accrual Funds.

  5. What is Exit Load?
  6. Exit load is a non-transferable fee charged by the Asset Management Company at the time of exiting or leaving schemes of mutual funds.

  7. What is a Switch?
  8. Some mutual funds offer the investor the option to move from one scheme to another for which a fee is to be paid by the person. Switching allows the investor to change the allocation of his/her investments among the schemes depending on his/her risk profile, investment needs, and changing circumstances.

  9. What are the factors that influence the performance of Mutual Fund?
  10. The performance of the stock market and the economy as a whole determine how a particular mutual fund will perform. The equities are generally influenced by how the markets and stocks of various companies are performing. The sector funds also to a very large extent are influenced by the performance of the companies within that particular sector. Similarly, bond funds are influenced by credit quality and interest rates. In short, higher the interest rates, lesser the price of the bond funds and vice-versa. However, the performance of bond funds with higher credit ratings do not depend much on the changes in the economy.

  11. How can an investor redeem from any of the open-ended mutual fund?
  12. The investor will have to complete a transaction slip on any business day if he/she wishes to redeem from any of the open-ended mutual fund schemes. The transaction slip can be downloaded from the IDFC Mutual Fund’s official website or detach from the end of their account statement and submit it at any of the mutual fund company’s official points of acceptance of transactions.

  13. Is there any guaranteed return on the mutual fund?
  14. No, there are no guaranteed returns on investing in any of the mutual funds.

  15. How does one enroll in the Systematic Investment Plan?
  16. A person who wishes to take part in the Systematic Investment Plan (SIP) of a mutual fund will have to invest a minimum of Rs.500 on a monthly or on a quarterly basis by providing IDFC Mutual Fund Company with post-dated cheques (dated either 1st or 7th of each month) for at least twelve months. The person may pay these cheques anywhere in India and can also submit 2 sets of 6 cheques as well. The mutual fund company will present these cheques on the date mentioned in the cheque and subsequently add units to his/her funds at the price prevailing either on the 1st day or the 7th day of the month. The investor will receive the statement of account for each transaction made.

  17. Can NRIs invest in Indian mutual fund schemes?
  18. Yes, NRIs except from United States of America and Canada can invest in any of the IDFC Mutual Fund Schemes.

  19. As an NRI, how can one invest in a mutual fund?
  20. An NRI will need to have any one of the following accounts in order to invest in a mutual fund which are:

    • Non-Resident (External) Rupee (NRE) accounts
    • Ordinary Non-Resident Rupee (NRO) accounts
    • Fully Convertible Non-Rupee (FCNR) accounts

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News About IDFC Mutual Fund

  • DSP BlackRock and IDFC Mutual Fund reduced their distributor commissions

    As per the SEBI guidelines, mutual fund houses in India are reducing the commissions paid for distribution/sale of the funds. Two prominent fund houses namely IDFC Mutual Fund and DSP BlackRock Mutual Fund have lowered their respective distributor commissions recently with an aim to cut the total expense ratio. More number of AMCs are expected to follow the trail soon. While DSP BlackRock has reduced its charges for the Tax Saver fund in May 2018, it has also lowered its equity schemes commission rates in June 2018. Similarly, the IDFC Mutual Fund company has slashed the distributor charges by 15bps on all of its mutual fund schemes in the month of June. However, the brokerage amount depends on the location and category of the distributors.

    As per the financial advisors, this reduction in the distributor charges will greatly benefit the investors as they will be now able to pay a lower expense ratio on the funds. Moreover, this will also be beneficial for the first-time investors. They no more have to invest in direct schemes not suitable to their investment objective and risk-taking capacity in order to lower the investment expense.

    11 June 2018

  • Mutual Funds offer relief to investors amidst the plunge in small- and mid-cap stocks

    The jump in the small- and mid-cap stocks had caused a scurry among investors but mutual fund portfolios have stepped in to offer relief. As much as 366 stocks have cast off over 30% from the 52-week high while 240 scrips showed a loss between 20% and 30%. Though there was a wealth erosion, only one of the mutual fund schemes recorded a loss in the range of 20% to 30% from its 1-year high. The plunge has also affected other investors like PC Jewellers, KSK Ventures, Bombay Rayon, Talwalkars, Orient Paper, Reliance Defense, and Dhampur Sugar by showing a down in the range of 68% to 30%.

    Amidst all these losses, mutual fund schemes are the ones that are standing tall. Only one out of 205 schemes recorded a decline of 20% to 30% from its 52-week high.

    28 May 2018

  • IDFC Mutual Fund pursued SEBI’s approval for the launch of small cap fund

    IDFC Mutual Fund sought the approval of SEBI for introducing IDFC Small Cap Fund. This open-ended equity scheme will capitalise a minimum of 65% of its finance portfolio in equity and equity-related instruments. This scheme will also have the facility of investing up to 10% of its assets in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). A minimum application amount of Rs.5,000 and a 1% exit load on redemption of the investments before 1 year of the allotment date are some of the other vital features of this scheme.

    25 May 2018

  • SARE Homes has a new partner in the form of IDFC

    Infrastructure Development Finance Company (IDFC) and SARE Homes to join together to raise $ 250 million fund, part of this deal is the IDFC will invest in the projects while SARE will manage, maintain, and monitor the projects.SARE will get a management fee for all the projects they monitor. This new offshore fund will invest in residential projects in top markets. Private Equity firms plan to raise $3 billion from investors offshore in this fiscal years.

    25 September 2015

  • IDFC Dynamic Bond Fund a good pick based on returns

    Returns from the IDFC Dynamic Bond Fund make it a good pick as far as dynamic funds go. The fund posted above average returns over a 3 - 5 year period. Management of the fund is also noteworthy. Actively managed, debt durations were suitably modified in response to interest rate movements.This was evinced by the impressive returns posted in 2014 at 15.9% which beat the average returns from its category by 3% by riding the bond rally. Asset allocation targets G-secs primarily.

    Where interest rate movements are hard to predict, well-managed dynamic funds are good bets as fund managers switch between short and long-term debt.

    10 September 2015

GST rate of 18% applicable for all financial services effective July 1, 2017.

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