IDFC Dynamic Equity Fund
An open ended dynamic asset allocation fund
IDFC Dynamic Equity Fund
An open ended dynamic asset allocation fund
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- '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
: ₹ 953.33 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.
: ₹ 966.38 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.
:
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.
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. | 13.86% |
| 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. | 1.09 |
| 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. | 0.16 |
| Modified Duration₤
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 2.53 years |
| Average Maturity₤ | 3.36 years |
| Macaulay Duration₤ | 2.65 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. | 4.94% |
| ₤ For debt allocation only | |
| Portfolio Turnover | |
| Equity | 0.39 |
| Aggregate^ | 2.83 |
| Expense Ratio | |
| Regular | 2.32% |
| Direct | 0.99% |
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))
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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.
- 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 Plan | Growth | 14.60 |
| Regular Plan | Dividend | 11.29 |
| 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 31st August 2020
indicates a value of 25.9 and equity band for the
month will remain the same at 40-55%.
| Name | Rating | % of NAV |
| Equity and Equity related Instruments | 65.47% | |
| Net Equity Exposure | 40.05% | |
| Software | 7.50% | |
| o Infosys | 5.89% | |
| Infosys - Equity Futures | -1.30% | |
| o Tech Mahindra | 1.92% | |
| Tata Consultancy Services | 0.58% | |
| Tata Consultancy Services - Equity Futures | -0.56% | |
| HCL Technologies | 0.57% | |
| Wipro | 0.40% | |
| Wipro - Equity Futures | -0.41% | |
| Majesco | 0.39% | |
| Pharmaceuticals | 7.44% | |
| o Divi's Laboratories | 2.10% | |
| o Cipla | 2.03% | |
| Cipla - Equity Futures | -1.20% | |
| Aurobindo Pharma | 1.88% | |
| Aurobindo Pharma - Equity Futures | -0.22% | |
| IPCA Laboratories | 1.56% | |
| Alkem Laboratories | 1.30% | |
| Lupin | 0.73% | |
| Lupin - Equity Futures | -0.73% | |
| Banks | 6.13% | |
| o HDFC Bank | 3.93% | |
| HDFC Bank - Equity Futures | -0.63% | |
| o ICICI Bank | 3.79% | |
| ICICI Bank - Equity Futures | -0.96% | |
| Axis Bank | 1.02% | |
| Axis Bank - Equity Futures | -1.02% | |
| Kotak Mahindra Bank | 0.09% | |
| Kotak Mahindra Bank - Equity Futures | -0.09% | |
| Finance | 5.39% | |
| o Muthoot Finance | 2.55% | |
| Muthoot Finance - Equity Futures | -0.63% | |
| Bajaj Finserv | 1.09% | |
| Bajaj Finserv - Equity Futures | -0.48% | |
| SBI Life Insurance Company | 1.03% | |
| ICICI Lombard General Insurance Company | 0.91% | |
| Mas Financial Services | 0.55% | |
| ICICI Securities | 0.37% | |
| Bajaj Finance | 0.09% | |
| Bajaj Finance - Equity Futures | -0.09% | |
| Consumer Non Durables | 4.50% | |
| o Hindustan Unilever | 2.26% | |
| Nestle India | 2.06% | |
| Dabur India | 0.80% | |
| Dabur India - Equity Futures | -0.80% | |
| Tata Consumer Products | 0.49% | |
| Tata Consumer Products - Equity Futures | -0.49% | |
| Britannia Industries | 0.39% | |
| Britannia Industries - Equity Futures | -0.39% | |
| Prataap Snacks | 0.19% | |
| Asian Paints | 0.18% | |
| Asian Paints - Equity Futures | -0.18% | |
| Name | Rating | % of NAV |
| Telecom - Services | 3.72% | |
| o Bharti Airtel | 3.72% | |
| Petroleum Products | 3.52% | |
| o Reliance Industries | 6.25% | |
| Reliance Industries - Equity Futures | -2.73% | |
| Auto Ancillaries | 3.42% | |
| Minda Industries | 1.06% | |
| Sandhar Technologies | 0.80% | |
| Balkrishna Industries | 0.68% | |
| Balkrishna Industries - Equity Futures | -0.33% | |
| Tube Investments of India | 0.60% | |
| MRF | 0.60% | |
| Cement | 2.65% | |
| UltraTech Cement | 1.21% | |
| JK Cement | 1.16% | |
| Sagar Cements | 0.28% | |
| Industrial Products | 2.50% | |
| AIA Engineering | 0.84% | |
| SRF | 0.84% | |
| SRF - Equity Futures | -0.53% | |
| Supreme Industries | 0.69% | |
| Shaily Engineering Plastics | 0.66% | |
| Pesticides | 0.76% | |
| PI Industries | 0.76% | |
| Retailing | 0.70% | |
| Avenue Supermarts | 0.70% | |
| Construction | 0.46% | |
| PNC Infratech | 0.46% | |
| Construction Project | 0.39% | |
| Larsen & Toubro | 1.75% | |
| Larsen & Toubro - Equity Futures | -1.76% | |
| KEC International | 0.40% | |
| Consumer Durables | 0.14% | |
| Khadim India | 0.14% | |
| Gas | 0.00% | |
| Indraprastha Gas | 0.73% | |
| Indraprastha Gas - Equity Futures - | 0.73% | |
| Index | -9.18% | |
| Nifty 50 Index - Equity Futures | -9.18% | |
| Corporate Bond | 11.11% | |
| Reliance Industries | AAA | 4.10% |
| LIC Housing Finance | AAA | 2.71% |
| Power Finance Corporation | AAA | 2.67% |
| REC | AAA | 1.61% |
| NTPC | AAA | 0.03% |
| Certificate of Deposit | 5.14% | |
| Axis Bank | A1+ | 5.14% |
| Government Bond | 5.03% | |
| 7.17% - 2028 G-Sec | SOV | 5.03% |
| Treasury Bill | 3.61% | |
| 182 Days Tbill - 2020 | SOV | 3.61% |
| Net Cash and Cash Equivalent (including Margin FD) | 9.65% | |
| 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 31st August 2020
Performance based on NAV as on 31/08/2020. 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 3.78% (FBIL OVERNIGHT MIBOR as on 31st August 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.
