IDFC US Equity Fund
of Fund (FoF)

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Overview

The IDFC US Equity Fund of Fund (FoF) allows you to give your investment portfolio an edge by benefiting from the growth potential of US equities. The FoF invests in US mutual funds that, in turn, invest in shares of listed US companies.

NFO Period

29th July to 12th August 2021

Current Underlying Fund

JP Morgan Funds - US Growth Fund

Class: JPM US Growth I (acc) USD

Minimum Investment

5000

Minimum SIP Amount

1000

How is it unique?

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Investment Approach

An actively managed Underlying Fund with a well-tested, fundamental, bottom-up stock selection process

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Global Expertise

Seasoned, proven fund management team of the Underlying Fund with deep US expertise

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Ease of Investing

With the IDFC US Equity FoF, investing in the US market is now as simple as investing in a domestic mutual fund

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Portfolio Composition

The Underlying Fund is growth-oriented and well positioned to benefit from the reopening of the US economy while majorly being invested in long-term secular trends

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Reduced Concentration

The Underlying Fund has a broad exposure to US equity markets without a sector/market-cap bias, with currently a lower exposure to top 10 index constituents

Why US Equities?

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Why US Equities?

Expected broader market-cap
pick up

Relatively attractive valuations of the broader markets offer a unique opportunity to benefit from good quality, high-growth companies apart from the top index constituents.

Potential to generate long-term wealth

Historically, it has been observed that even investing at high market levels can generate reasonable returns in the periods to follow. Past performance is not an indicator of future performance

Highest GDP growth expected in approximately 40 years

Being essentially a consumption-driven economy, US to benefit from consumers unleashing their pent-up demand and savings, supported by historically low debt levels and high net worth.

Re-opening of the US economy

High vaccination coverage and steeply falling COVID cases to accelerate the re-opening of the US economy.

Innovative Themes

Home to innovative themes and ideas which might not be available for investment in India.

How will it add value to your portfolio?

Effective diversification

Factors that impact US stocks might be different from the factors that influence domestic stocks. As a result, when Indian stocks are volatile or falling, the exposure to US stocks can limit the negative impact on your portfolio.

Enhanced portfolio returns

The US has historically provided attractive returns with relatively low risk – a great combination of reward with resilience Past performance is not an indicator of future performance

Access to a large global revenue pool

Not just the largest economy, US Equities offer participation in a significant global revenue pool

Creation of a USD asset

Add currency exposure to your portfolio to meet future expenses and/or for potential gains from currency movement

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About IDFC US Equity FoF

The IDFC US Equity Fund of Fund (FoF) is an open-ended fund that predominantly invests in overseas mutual funds which in turn primarily invest in listed stocks of US companies.* Currently, the JPMorgan Funds – US Growth Fund (JPM US Growth I (acc) USD share class) is the Underlying Fund.^

*Note: IDFC US Equity FoF is an open-ended fund of fund scheme investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities

^The IDFC US Equity Fund of Fund can invest only in similar mutual fund/s or exchange traded fund/s with similar investment strategy, similar investment objective, similar asset allocation, similar benchmark.

Investment strategy

of the Underlying Fund

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Aims to provide long-term capital growth by investing primarily in a growth style biased portfolio of US companies, majorly large-cap with some mid-cap exposure

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The Underlying Fund to actively seek investment opportunities with an aim to generate returns higher than the specified benchmark index

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It follows a fundamental bottom-up stock selection process to find companies that have the ability to deliver higher earnings growth than market expectations

Who should invest?

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You are seeking portfolio diversification beyond the traditional diversification metrics of
investing across asset classes and market capitalisation within the Indian markets.

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You aim to enhance the long-term returns of your portfolio through
exposure to high-growth US equities.

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You are looking for a market to cushion your investment portfolio when the returns
in the Indian market are challenged.

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You want to take exposure to the US Dollar.

Annualised returns of the Underlying Fund (INR)

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Note: Fund performance is shown based on the NAV of the share class I in USD with income (gross of shareholder tax) reinvested, including actual ongoing charges excluding any entry and exit fees. INR performance has been derived from the USD returns. The benchmark figures are net of 30% withholding tax. The Fund changed its name from JPM US Strategic Growth Fund to JPM US Growth Fund on 11th April 2011. Past performance may or may not be sustained in the future. Source: J.P. Morgan Asset Management and IDFC internal analysis.

Fund Facts

Fund Managers

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Mr. Viraj Kulkarni

Overseas Investments

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.

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Mr. Harshal Joshi

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.

NFO Period

29th July to 12th August 2021

Current Underlying Fund

JP Morgan Funds - US Growth Fund

Class: JPM US Growth I (acc) USD

Benchmark

Russell 1000 Growth Index

Total Return Net of 30% withholding tax

Minimum Investment

5000

During New Fund Offer and in multiples of Rs.1/- thereafter During Ongoing Offer, Fresh Purchase (including switch-in) of Rs.5000/- and in multiples of Rs.1/- thereafter. Additional Purchase (including switch-in) – Rs. 1000/- and any amount thereafter

Redemption

1000

Or the account balance of the investor, whichever is less

Minimum SIP Amount

1000

And in multiples of Rs.1/- thereafter

STP Amount

1000

And any amount thereafter (for Fixed amount option) Rs.500/- and any amount thereafter (for capital appreciation option)

SWP Amount

200

And any amount thereafter

Exit Load

1% of applicable NAV

If the units are redeemed/switched out within 1 year from the date of allotment
Nil – if the units are redeemed/switched-out after 1 year from the date of allotment

Product info

The product is suitable for investors who are seeking*:

  • To create wealth over long term.
  • Diversification of returns through investing in a fund mainly investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) which invests in US Equity securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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Investors understand that their principal
will be at Very High Risk

Risks of which you should be aware

  • Currency Risk: Even though historically the US dollar has been strong against the INR, any depreciation in the USD can reduce the value of your investment in rupee terms.
  • Global Risk: When making international investments there is always the risk of exposing yourself to global events and policy risk.

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Make an informed decision. Learn more about investing
in US markets.

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