The IDFC Multi Cap Fund invests in a portfolio of large, mid and small cap stocks. The scheme will invest a minimum of 25% each in large, mid, and small cap stocks, with the balance 25% providing flexibility to the fund manager to invest across market capitalization, themes and/or foreign securities depending on opportunities available at the time.
Minimum SIP Amount
Rs. 100/- and in multiples of Re. 1 thereafter
The fund has mandated allocation towards Large cap, Mid cap and Small cap segments with each at minimum 25%. The fund also aims to have a wide representation of sectors across market cap.
The fund intends to cap maximum allocation to Mid cap (up to 35%*) and Small cap ( up to 30%*). There is no cap on Large cap allocation, with minimum allocation at 30%*. Portfolio will be actively rebalanced on a quarterly basis to bring back weights in line with our current strategy.(*Minimum Large cap as per SID is 25% and Maximum allocation as per SID is 50% for Large cap, Mid cap and Small cap each.)
Stock selection will place prime importance on Quality Management, Track record of return of capital (dividend or buyback) and Strong balance sheet.
Different market caps perform differently in each period. It isn't easy to gauge which segment will outperform and which will underperform. A diversified portfolio with a disciplined approach towards market cap can provide long-term capital appreciation.
Source: MFI explorer, Data as on 30th September 2021
A Multi Cap portfolio like Nifty 500 Multicap 50:25:25 offers more diversification and has potential to offer attractive returns over long term
Source: NSE India, MFI explorer, Data as on 30th September 2021
With allocation towards large cap, mid cap and small cap, the multi cap category aims to benefit from its ability to capture higher growth potential offered by mid and small caps, while aiming to reduce relative volatility via its exposure to large cap stocks.
Allocations mentioned on this slide are average allocations of all funds in the category. Data as on 30th September 2021.
Source: MFI Explorer.
*Based on average allocation towards Large cap on a quarterly basis since September 2018.
Our study of historical 5-year rolling SIPs have shown that since April 2010 till date, the 5 year SIP on an average has yielded 12% annualized returns.
|Average SIP returns||12%|
|Min. SIP returns||-9%|
|Max. SIP returns||21%|
|% times SIP returns were negative||2%|
|% times SIP returns >10%||62%|
Even if one invests at highest market level during the year, the long term Multi Cap returns have been attractive
This fund is positioned in the Multi Cap category of fund. The fund is mandated to invest in a portfolio of large, mid and small cap equity and equity related securities with a minimum of 25% each in large, mid, and small cap stocks. The balance portion can be tactically invested in Themes (IPOs, New age businesses, momentum sectors), cash and/or International equity/equity mutual funds.
Investors who want to benefit from discipline – rather than having to time and shift allocations across market cycles
Long term investors who believe in spending time in the market, rather than timing the market
Investors looking for attractive long-term growth prospects than pure Large cap, Large-Mid or Flexicap* funds
and in multiples of Re. 1/- thereafter
Or the account balance of the investor, whichever is less.
Minimum SIP Amount
And in multiples of Re. 1 thereafter
And any amount thereafter (for Fixed amount option) / Rs. 500/- and any amount thereafter (for capital appreciation option)
And any amount thereafter
If redeemed/switched out within 1 year from the date of allotment - 1% of applicable NAV
If redeemed/switched out after 1 year from the date of allotment – Nil
Daylynn Pinto has over 15 years of experience in the Indian Mutual Fund space and has been associated with IDFC AMC since October 2016. His investment philosophy is rooted in being patient and believing in the growth potential that equity investing can generate. It also drives him to look for businesses where the management focuses on balancing scalability and stake holder returns. His expertise lies primarily in multi-cap strategies. He currently manages IDFC Sterling Value Fund and IDFC Tax Advantage (ELSS) Fund.
Prior to joining IDFC AMC, he was associated with UTI Asset Management Co. Ltd. as Fund Manager, responsible for fund management and equity research.
He holds Post Graduate Diploma in Management (PGDM) and Bachelor’s degree in Commerce.
Domestic Fixed Income Securities
Harshal Joshi has over a decade of experience in the Mutual Fund space and has been associated with IDFC AMC since its inception. Prior to IDFC AMC, he was associated with ICAP India Pvt. Ltd.
He holds a PGDBM from N.L.Dalmia Institute of Management Studies and Research and Masters Degree (M.Comm) & Bachelor’s Degree in Commerce from Mumbai University.
Viraj joined IDFC AMC in September 2015 and has been the dedicated fund manager for foreign securities for IDFC AMC since March 2016. His expertise includes both qualitative and quantitative research. At IDFC AMC, he focuses on Buy Side Equity Research, tracking the Indian market covering sectors such as Cement/Building Materials, IT, and the Mid- Cap space in, Retail, Apparel, Textiles, and Hotels. He also works on identifying emerging trends in the Indian economy and markets using macro data. Before joining IDFC AMC he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014 – Sept.2015) and with Goldman Sachs Services India (June 2010 – May 2012).
Viraj has completed all three levels of CFA (2015) and also holds an MBA in Finance from S.P. Jain Institute of Management & Research (2014). He completed his B. Tech in Electrical & Electronics Engineering from VJTI in 2010.
(Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks)
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Investors understand that their principal
will be at Very High Risk