Type or nature of fund
IDFC Premier Equity Fund is an open ended equity scheme.
Investment objective
The investment objective of IDFC Premier Equity Fund scheme seeks to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments.
Fund information
|
Inception date |
28th September, 2005 |
|
CRISIL rank |
Scheme is ranked 4 under small and mid-cap oriented equity funds and ranked 2 under consistent performers- equity funds as on July 2015. |
|
Plans |
Regular and Direct. |
|
Options |
Dividend Growth |
|
Schemes |
|
|
Entry load |
N.A. |
|
Exit load |
1 percent if redeemed before 365 days. |
|
Minimum investment |
Minimum Investment: Rs.10,000 Repurchase: In multiples of Re.1. |
|
SIP |
Monthly minimum: Rs.2,000. SIP can be invested on any day of the month. |
|
Product label – Risk and target investors |
Risk : Moderately high risk Target Investors: This product is suitable for investors who are seeking to create wealth over a long period of time. This scheme is ideal to those who wish to invest predominantly in equity and equity related instruments across market capitalisation. |
|
Benchmark |
S&P BSE 500 is the benchmark. S&P BSE 500 consists of 500 scrips. While constructing this index, the changing pattern of the economy and the market was considered. This index represents nearly 93 percent of the total capitalisation on BSE. It covers 20 major industries of the economy. |
|
SWP |
N.A. |
|
STP |
Yes. |
|
Redemption |
Minimum redemption amount- Rs.500 |
|
Taxation (on investment and on redemption) |
Investor must consult with his tax adviser with respect to the specific tax implications arising out of his participation in this scheme. |
Investment philosophy or strategy
The current portfolio is dominated by companies catering to the domestic Indian environment. The portfolio focus has moved to backing execution excellence into the medium term. A couple of companies which have been losing market share in their respective industries have been replaced with challengers gaining market share and moving towards profit leadership. The second round of screening eliminates companies where the current profitability does not justify the absolute market caps they trade at. The scheme remains consistent in allocating money to high growth sectors, Industry or category leaders and cash flow positive business.
Portfolio – Sector / Top 10 holdings
|
Issuer |
Sector |
Percentage |
|
Page Industries Ltd. |
Textile products |
5.50 |
|
SKS Microfinance Ltd. |
Finance |
5.49 |
|
Vardhman Textiles Ltd. |
Textiles |
4.46 |
|
Ashok Leyland Ltd. |
Automotive |
4.35 |
|
VA Tech Wabag Ltd. |
Engineering |
4.21 |
|
Blue Dart Express Ltd. |
Transportation |
4 |
|
Maruti Suzuki India Ltd. |
Automotive |
3.36 |
|
Container Corporation of India Ltd. |
Transportation |
3.29 |
|
FAG Bearings India Ltd. |
Industrial products |
3.26 |
|
Multi Commodity Exchange of India Ltd |
Finance |
3.04 |
Risk measures
|
Sharpe |
As on 31st July, 2015 it is 1.64 |
|
Alpha |
N.A. |
|
Beta |
As on 31st July, 2015 it is 0.97 |
|
Standard Deviation |
As on 31st July, 2015 it is 15.14%. |
Performance
|
AUM for April- June 2015 |
Rs.7,085.68 crores |
||||||||||||||||||||||||||||||||||||
|
NAV (as on 30th June, 2015) |
Regular Plan-
|
||||||||||||||||||||||||||||||||||||
|
Returns and Benchmark comparison |
Regular plan:
Direct plan:
|
||||||||||||||||||||||||||||||||||||
|
Expenses |
|
Expert view of the fund + outlook
IDFC Premier Equity Fund will have all the money invested in small and mid-companies. This scheme is suitable for creating wealth and to meet lifestyle needs. This scheme is not suitable for funding your child’s education, child’s marriage or to plan for your retirement or to buy a house. This is a good time to invest in this scheme. Stick it out when the markets are bad and concentrate on your long term needs.
How to apply – online + distributors
You can buy the IDFC Premier Equity Fund through both the online and offline platforms.
For applying through the online platform, visit the Mutual Fund Birla Sun Life webpage. You will get an option to invest online or you can also ask for an advisor. Keep your PAN card details in hand and fill it in as and when required.
In order to apply offline, you have to fill in your name and email id and your mobile number and your address and IDFC will send an advisor to your house. You can then discuss with the advisor and choose to start the fund. You can also locate their office on the main webpage and visit the office for further clarifications on the scheme.
