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  • IDFC Sensex ETF

    IDFC Sensex ETF
    Dividend Yearly
    NA
    Category
    Equity - ETF
    52-week NAV high
    396.29  (As on 28-08-2018)
    52-week NAV low
    330.19  (As on 23-03-2018)
    Expense
    0.11%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 2.74 -4.84 1.06 8.84 17.45 - - - -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Oct 07, 2016
    Last Dividend
    NA
    Minimum Investment
    5000
  • IDFC Asset Management Company Ltd. was incorporated in the year 2000 and is one of India’s largest asset management firms in terms of Assets Under Management (AUM). IDFC Mutual Fund is sponsored by IDFC Financial Holding Company Ltd. which also owns it. IDFC Ltd. was established by the Government of India as a catalyst and financier for the involvement of the private sector in the development of infrastructure in India. IDFC Mutual Fund offers schemes in the categories of equity, debt, and hybrid.

    The IDFC Sensex ETF is an open-ended exchange traded scheme that tracks the S&P BSE Sensex Index and qualifies for the Rajiv Gandhi Equity Savings Scheme (RGESS).

    Investment objective

    To offer returns to the investor that is similar to the total returns offered by the underlying index but returns will be subject to tracking errors.

    Key Features of the scheme

    The IDFC Sensex ETF is ideal for investors who wish to create wealth over a long term and exhibits the below-given features:

    Type of fund

    An open-ended exchange-traded fund

    Benchmark

    S&P BSE Sensex Index

    Risk

    Moderately High

    Minimum Application Amount

    Directly with the fund: Creation unit size

    On the exchange: Units can be purchased or sold in a minimum lot of 1 unit and in multiples of 1 thereafter

    Entry Load

    Not Applicable

    Exit Load

    No exit load on creation unit size. For other than creation unit size, no exit load will be applicable. The units of this scheme cannot be redeemed in other than creation unit size.

    Asset Allocation for IDFC Sensex ETF

    Instruments

    Percentage of Total Assets

    Risk Profile

    Minimum

    Maximum

    Securities of firms constituting the S&P BSE Sensex Index, the underlying index

    95%

    100%

    Medium to High

    Money market securities with residual maturity not more than 91 days, cash and cash equivalents, liquid and money market mutual fund schemes

    0%

    5%

    Low to Medium

    Who can invest in IDFC Sensex ETF?

    The below-mentioned persons/entities are eligible to invest in the units of IDFC Sensex ETF:

    • Adults residing in India, either singly or jointly (not more than 3 individuals)
    • Parents/Legal Guardians on minor's behalf
    • Corporate bodies and firms registered in India
    • Co-operative and registered societies authorised to invest
    • Hindu Undivided Families (HUFs) through Karta
    • Public corporations and Public Sector Undertakings (PSUs)
    • Religious and charitable trusts
    • Body of Individuals (BOIs) or Association of Persons (AOPs)
    • Financial Institutions, Investment Institutions, and banks (including Regional Rural Banks and Co-operative Banks)
    • Trustees of private trusts authorised under their trust deeds
    • Partners of partnership firms
    • Government of India approved International Multilateral Agencies
    • Non-Resident Indians (NRIs) and Persons of Indian Origin on repatriation or non-repatriation basis
    • Navy/Army/Air Force, Paramilitary Units and other eligible institutions
    • Scientific and Industrial Research Organisations
    • SEBI registered mutual funds
    • Foreign Portfolio Investors (FPIs) and Public Financial Institutions (PFIs)
    • Foreign Institutional Investors (FIIs) registered with SEBI
    • Universities and Educational Institutions
    • Other schemes of IDFC Mutual Fund

    NAV Disclosure for IDFC Sensex ETF

    The Net Asset Value (NAV) of the IDFC Sensex ETF is calculated by dividing the scheme’s net assets by the number of units that are outstanding on the date of valuation. The scheme’s NAV is computed up to 4 decimals and is announced at the end of every business day.

    The NAV will be published on the website of the AMFI (www.amfiindia.com) by 9:00 p.m. on all business days. The official website of IDFC Mutual Fund (www.idfcmf.com) and website of Registrar CAMS (camsonline.com) will also display the NAV of the scheme and send it for publication in at least 2 newspapers with countrywide circulation on every business day. The information of NAV can also be obtained from the toll-free number 1800 26666 88.

    Liquidity:

    • On the exchange - The units of the scheme can be purchased or sold on the BSE Ltd. or other stock exchange where the scheme is listed, on all trading days.
    • Directly with the mutual fund - Units of the scheme can be subscribed/redeemed directly with the mutual fund in creation unit size.

    Fund Manager

    Mr. Yogik Pitti

    The IDFC Sensex ETF is managed by Mr. Yogik Pitti who has been managing the fund since its inception on 7 October 2016. Mr. Pitti has over 10 years of experience in managing mutual funds and joined IDFC Mutual Fund in February 2007. The other schemes managed by him include IDFC Nifty ETF, IDFC Arbitrage Fund, and IDFC Arbitrage Plus Fund.

    Investment Restrictions on IDFC Sensex ETF

    The Securities and Exchange Board of India (SEBI) has laid down the following investment restrictions for subscription to the units of the IDFC Sensex ETF:

    • The scheme is not permitted to invest above 10% of its NAV in debt instruments that are unrated and issued by a single issuer. The total investment in such securities also cannot be more than 25% of the scheme’s NAV. Any such investments will need to be approved by the Board and Trustee of the AMC.
    • Being a scheme that tracks an index, the limit that the scheme is not permitted to invest above 10% of its net assets in equity or its related securities of any firm, will not be applicable.
    • The scheme shall not make any investments in any security issued through private placement, unlisted securities, and listed securities of group companies of the sponsors above 25% of the net assets.
    • The scheme is not permitted to invest in any Fund of Funds (FoF) schemes.
    • The scheme can invest the pending deployment of a scheme’s funds in short-term deposits of scheduled commercial banks without being charged any advisory or investment management fees.
    • The scheme is not permitted to borrow except in cases where it requires funds to fulfil its temporary liquidity needs. This borrowing should not exceed 20% of the scheme’s net assets and the duration of the borrowing should be less than 6 months.
    • The fund is not allowed to own above 10% of a firm’s paid-up capital carrying voting rights, under all its schemes.
    • The scheme cannot invest in equity assets that fall outside the scope of equity assets specified as ‘eligible’ for the Rajiv Gandhi Equity Savings Scheme (RGESS).

    Why you should invest in IDFC Sensex ETF

    • Real-time prices - Since the units of the IDFC Sensex ETF can be purchased and sold anytime during trading hours, the prices are expected to be close to the scheme’s NAV. Hence, it gives an opportunity to the investors to invest at real-time prices instead of end of day prices.
    • Ease of trading - The units of the IDFC Senses ETF can be purchased or sold on the stock exchange like any other stock. The terminals for trading are spread across the country making it easy for investors to trade at their convenience.
    • Low cost - Being an ETF and traded on the stock exchange, the distribution costs for the IDFC Sensex ETF are comparatively lower and offers a wider reach. This translates to lower costs for the investors. Also, the mechanism involved in ETFs aid in the reduction of disbursement, collection, and processing fees which furthermore reduces the cost.
    • Flexibility - The IDFC Sensex offers flexibility to the investor as it can be used to gain exposure to the equity markets, arbitrage opportunities in the cash and futures market, and equitising cash, instantly.

    Liquidity and protection - Investing in IDFC Sensex ETF help the underlying cash market to increase its liquidity. It also protects investors from inflows over a long term and outflows over a short term.

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

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