IDFC US Equity Fund of Fund

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

31st August 2021

IDFC US Equity Fund of Fund

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

31st August 2021

About the Fund: The Scheme will invest in units/ shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities, except to meet its liquidity requirements.
Category: Fund of Funds (Overseas)
Monthly Avg AUM : ₹ 126.54 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 : ₹ 330.58 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: 20 August 2021
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.

Mr. Viraj Kulkarni, Mr. Harshal Joshi
Total Expense Ratio
Regular1.58%
Direct0.63%
(In addition to the above, the scheme will also incur 0.73%, i.e. total weighted average of the expense ratio levied by the underlying schemes.)
Benchmark: Russell 1000 Growth Index (Total Return Net of 30% withholding tax)
SIP (Minimum Amount): ₹ 1000/- and in multiples of Rs.1 thereafter
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 : ₹ Fresh Purchase (including switch-in) - ₹ 5,000/- and in multiples of Re. 1/- thereafter
Additional Purchase (including switch-in) - ₹ 1,000/- and any amount thereafter
Option Available: Income Distribution cum capital withdrawal Option & Growth Option. Income Distribution cum capital withdrawal Option under each Plan further offers of choice of Payout of Income Distribution cum capital withdrawal, Reinvestment of Income Distribution cum capital withdrawal& Transfer of Income Distribution cum capital withdrawal.
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.

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
NAV (₹) as on August 31, 2021
Plan Option Freq NAV
Regular Plan Growth - 10.07
Regular Plan IDCW@ Quarterly 10.07
@Income Distribution and Capital Withdrawal


Name% of NAV
International Mutual Fund Units 95.59%
JPMorgan Funds - US Growth Fund I (Acc) USD 95.59%
Net Cash and Cash Equivalent 4.41%
Grand Total 100.00%


  • 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.




Performance, SIP & other parameters are not disclosed as fund has not completed 1 year.