IDFC Dynamic Equity Fund

An open ended dynamic asset allocation fund

30th April 2020

IDFC Dynamic Equity Fund

An open ended dynamic asset allocation fund

30th April 2020

About the Fund:
  • 'Dynamically' invests between Equity and Debt
  • An Equity fund that buys less when markets are expensive and more when markets are cheap
  • Based on the model that tracks market valuation
Category: Dynamic Asset Allocation or Balanced Advantage
Monthly Avg AUM : ₹ 819.61 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 865.68 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 10 October 2014
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Equity Portion:Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017),
Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

13.31%
Beta

Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

1.08
R Square 0.91
Sharpe*

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

0.02
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

2.70 years
Average Maturity 3.80 years
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

6.21%
For debt allocation only
Portfolio Turnover
Equity0.36
Aggregate^2.85
Expense Ratio
Regular2.39%
Direct1.00%
Benchmark: 50% S&P BSE 200 TRI + 50% NIFTY AAA Short Duration Bond Index (w.e.f. Nov. 11, 2019)
SIP (Minimum Amount): ₹ 100/-(Minimum 6 instalments)
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 5,000/- and any amount thereafter
Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

In respect of each purchase of Units:
- For 10% of investment: Nil
- For remaining investment: 1% if redeemed/ switched out within 1 year from the date of allotment (w.e.f. July 5, 2017)
NAV (₹)
Regular PlanGrowth13.23
Regular Plan Dividend10.33
The equity exposure of the scheme's portfolio will be determined as follows:
PE Bonds Equity Allocation
<12 90 - 100
12 - 16 75 - 90
16 - 19 65 - 75
19 - 22 55 - 65
22 - 26 40 - 55
>26 30 - 40

The balance will be invested in debt and money market securities. Bloomberg Nifty P/E data as on 30th April 2020 indicates a value of 18.4 and correspondingly we will change our equity band from 75-90% to 65-75% for the month of May’20.



NameRating % of NAV
Equity and Equity related Instruments 75.31%
Net Equity Exposure 75.31%
Banks 13.86%
oHDFC Bank 5.28%
oICICI Bank 4.61%
oAxis Bank 2.25%
Kotak Mahindra Bank 1.72%
Pharmaceuticals 8.88%
IPCA Laboratories 1.92%
Aurobindo Pharma 1.89%
Divi's Laboratories 1.75%
Lupin 1.74%
Alkem Laboratories 1.50%
Dishman Carbogen Amcis 0.08%
Finance 8.03%
oMuthoot Finance 2.09%
ICICI Lombard General Insurance Company 1.09%
Bajaj Finserv 1.06%
ICICI Securities 0.85%
Bajaj Finance 0.80%
HDFC 0.77%
SBI Life Insurance Company 0.76%
Mas Financial Services 0.61%
Consumer Non Durables 7.05%
oNestle India 2.48%
Hindustan Unilever 2.03%
Asian Paints 1.52%
Jubilant Foodworks 0.65%
Prataap Snacks 0.36%
Software 6.25%
oInfosys 3.31%
Tata Consultancy Services 1.63%
Tech Mahindra 1.32%
Petroleum Products 4.78%
oReliance Industries 4.78%
Index 4.68%
oNifty 50 Index - Equity Futures 4.68%
Telecom - Services 3.51%
oBharti Airtel 3.51%
Industrial Products 3.23%
AIA Engineering 1.11%
Supreme Industries 0.95%
SRF 0.82%
NameRating  % of NAV
Shaily Engineering Plastics 0.36%
Auto Ancillaries 3.05%
Minda Industries 1.04%
Sandhar Technologies 0.63%
Balkrishna Industries 0.59%
Tube Investments of India 0.41%
Asahi India Glass 0.38%
Construction Project 2.50%
oLarsen & Toubro 2.07%
KEC International 0.43%
Cement 2.46%
UltraTech Cement 1.22%
JK Cement 1.03%
Sagar Cements 0.20%
Retailing 1.99%
Avenue Supermarts 1.65%
Aditya Birla Fashion and Retail 0.33%
Consumer Durables 1.49%
Titan Company 0.78%
Voltas 0.58%
Khadim India 0.12%
Auto 1.05%
Maruti Suzuki India 1.05%
Gas 0.94%
Indraprastha Gas 0.94%
Pesticides 0.90%
PI Industries 0.90%
Construction 0.41%
PNC Infratech 0.41%
Hotels, Resorts And Other Recreational Activities 0.23%
The Indian Hotels Company 0.23%
Corporate Bond 14.82%
Reliance Industries AAA 4.30%
Indian Railway Finance Corporation AAA 2.94%
LIC Housing Finance AAA 2.93%
HDFC AAA 2.90%
REC AAA 1.72%
NTPC AAA 0.03%
Certificate of Deposit 2.85%
ICICI Bank A1+ 2.85%
Net Cash and Cash Equivalent 7.02%
Grand Total 100.00%
oTop 10 Equity Holdings


Past performance may or may not be sustained in future.Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say ₹ 10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 30th April 2020




Performance based on NAV as on 30/04/2020. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.



  • To create wealth over long term.
  • Dynamic allocation towards equity, derivatives, debt and money market instruments.

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




Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 4.41% (FBIL OVERNIGHT MIBOR as on 30th April 2020). Ratios calculated on the basis of 3 years history of monthly data
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUMfor the last one year (includes Fixed Income securities and Equity derivatives).
The portfolio will be rebalanced within the first three working days of the next month.
The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017.