IDFC Classic Equity Fund

IDFC Classic Equity Fund is managed Ankur Arora. Its portfolio risk and returns have both been below the category average compared to its peers. This fund’s performance has been below the category average in most periods. If you have invested in this fund, exit now to invest in a better performing fund. If you are a new investor you can safely skip this one.

Where does IDFC Classic Equity Fund invest your money?

IDFC Classic Equity Fund is a large and mid cap fund which means most of your money will be invested in stocks of medium and large companies. Large cap companies tend to be stable compared to mid cap and small cap companies yet mid caps are not avoided due to prospects of kicker returns. It has 76.43% exposure to large size companies and 17.34% exposure to medium size companies and 6.22% to those of small companies. 

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating Wealth
  • Short term needs
How has IDFC Classic Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Aug 2005, your value of investments would be around Rs 2.17 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.07 lakhs. The performance has not been better than or similar to other mutual funds in this category. The fund has been giving close to 3.14% returns to those who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in IDFC Classic Equity Fund through SIP for the past 5 years today you would have around Rs 7.80 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within 540 days an exit load of 2% is deducted from your total returns. No exit load applies for units withdrawn thereafter. Expense ratio of IDFC Classic Equity Fund is 3.16%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.    

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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