IDFC Nifty Fund

IDFC Nifty Fund is being managed by Punam Sharma. The scheme seeks to replicate the S&P CNX Nifty Index by investing in securities of the CNX Nifty in the same proportion. New investors can put this off for the best mid cap funds. If you have already invested in this scheme, you can exit now to invest in a better performing fund.

Where does IDFC Nifty fund invest your money?

IDFC Nifty Fund is a equity oriented large cap thematic fund which means most of your money will be invested in stocks of large and mid sized companies. About 97.39% of the fund’s money is allocated to stocks of large sized companies, and close to 2.10% to stocks of mid sized companies. Large cap companies tend to give stable returns while mid sized stocks can give kicker returns as they turn into large stocks but this happens not so frequently.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has IDFC Nifty fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in April 2010 your value of investments would be around Rs 1.16 lakhs. The fund has been giving around 5.12% returns fo those who have stayed invested since inception. 

Assume you had invested Rs 10,000 every month in IDFC Nifty Fund through SIP since inception today you would have around Rs 3.81 lakhs.

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

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of IDFC Nifty fund is 0.26%. 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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