IDFC INFRASTRUCTURE FUND
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IDFC INFRASTRUCTURE FUND
An open ended equity scheme investing in
Infrastructure sector
A dedicated Infrastructure fund, that invests
across the infrastructure value chain with
exclusions like Banking, Autos, IT, Pharma and
FMCG. It is a diversified portfolio of
companies that are participating in and
benefitting from the Indian Infrastructure and
Infrastructure related activities.
OUTLOOK
Three key drivers of Equity markets are 1) Earnings 2)
Interest Rates and 3) Valuations.
Earnings - For the first time since the 2008 GFC, India
has seen 4 consecutive quarters where BSE200
2-year Forward EPS has been upgraded. Sustained
momentum in earnings resulting in a cycle of earnings
upgrades can help drives markets higher.
Interest Rates - Interest Rates, both in India and
globally are trending upwards on account of higher
inflation and faster than expected economic recovery.
Higher interest rates are generally negative for
Valuations.
Valuation - Indian markets have significantly
outperformed global markets since the pandemic
bottom. The scope for valuation rerating driven
market move is limited.
CURRENT STRATEGY
The portfolio is built to monetize the existing
infrastructure opportunity in India. Despite the
argument of environment being slower, we believe that
companies with a dominant market share and growing
cash flows would consolidate the opportunity going
forward. The focus is on companies with healthy
balance sheet which are beneficiaries of ongoing
capital formation and will capture a large part of that
revenue pool. The current portfolio represents our
version of such companies from the Construction &
Logistics segments, Industrials space, the Utilities and
Energy businesses.
FUND FEATURES: (Data as on 31st October'21)
Category: Sectoral
Monthly Avg AUM: Rs661.48 Crores
Inception Date: 8th March 2011
Fund Manager:
Mr. Sachin Relekar
(w.e.f. 08th December 2020)£
Other Parameters:
Beta: 0.95
R Square: 0.87
Standard Deviation (Annualized): 29.86%
Benchmark: S&P BSE India
Infrastructure TRI (w.e.f 11/11/2019)
Minimum Investment Amount: Rs5,000/- and any amount thereafter.
Exit Load:
• If redeemed/switched out within 365
days from the date of allotment:
➧ Upto 10% of investment:Nil,
➧ For remaining investment: 1% of
applicable NAV.
• If redeemed / switched out after 365
days from date of allotment: Nil. (w.e.f.
May 08, 2020)
SIP Frequency Monthly (Investor
may choose any day of the month except 29th, 30th and 31st as the date of instalment.)
Options Available: Growth, IDCW@
- (Payout, Reinvestment and Sweep
(from Equity Schemes to Debt
Schemes only))
£The Scheme was being managed by Mr. Rajendra Kumar Mishra up to December 7, 2020.
| PORTFOLIO | (31 October 2021) |
| Name of the Instrument | % of NAV |
| Equity and Equity related Instruments | 98.54% |
| Cement & Cement Products | 21.17% |
| UltraTech Cement | 8.29% |
| JK Cement | 7.12% |
| Sagar Cements | 4.28% |
| Nuvoco Vistas Corporation | 1.48% |
| Construction Project | 17.50% |
| Larsen & Toubro | 9.73% |
| H.G. Infra Engineering | 5.13% |
| NCC | 1.37% |
| Engineers India | 1.28% |
| Transportation | 15.07% |
| Transport Corporation of India | 6.92% |
| Adani Ports and Special Economic Zone | 3.61% |
| Container Corporation of India | 2.77% |
| Gateway Distriparks | 1.78% |
| Construction | 9.11% |
| PNC Infratech | 4.06% |
| Ahluwalia Contracts (India) | 2.45% |
| ITD Cementation India | 1.30% |
| GPT Infraprojects | 0.98% |
| J.Kumar Infraprojects | 0.16% |
| PSP Projects | 0.16% |
| Gas | 6.85% |
| Gujarat Gas | 4.00% |
| Gujarat State Petronet | 2.86% |
| Industrial Capital Goods | 6.47% |
| ABB India | 2.82% |
| Thermax | 2.59% |
| ISGEC Heavy Engineering | 1.07% |
| Ferrous Metals | 5.35% |
| Jindal Steel & Power | 3.03% |
| Tata Steel | 2.32% |
| Industrial Products | 4.77% |
| Kirloskar Brothers | 2.77% |
| Carborundum Universal | 1.99% |
| Power | 4.26% |
| Torrent Power | 4.26% |
| Telecom - Services | 4.05% |
| Bharti Airtel | 4.05% |
| Aerospace & Defense | 2.77% |
| Bharat Electronics | 2.77% |
| Petroleum Products | 1.17% |
| Hindustan Petroleum Corporation | 1.17% |
| Net Cash and Cash Equivalent | 1.46% |
| Grand Total | 100.00% |
SECTOR ALLOCATION
RISKOMETER
Scheme risk-o-meter
Benchmark risk-o-meter
This product is suitable for investors who are seeking*:
• To create wealth over long term
• Investment predominantly in equity and equity related instruments
of companies that are participating in and benefiting from growth in
Indian infrastructure and infrastructural related activities.
*Investors should consult their financial advisors if in doubt about
whether the product is suitable for them.
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The above mentioned is the current strategy of the Fund Manager. However, asset allocation and investment strategy shall be within broad parameters of Scheme Information Document.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
 | Contact your Financial Advisor |
 | Call toll free 1800-2-6666-88 |
| Contact your Financial Advisor | Call toll free 1800-2-6666-88 |
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 @IDFCMF | |