IIFL Focused Equity Fund Review
About IIFL Mutual Fund
IIFL Mutual Fund offer funds for different investment horizons & give access through 42 AMCs via it easy going trading platform. Also, they ensure that the customers are able to pick-up the better performing funds. They have a remarkable team which continuously monitors performance with aim to protect and build client’s wealth.
About IIFL Focused Equity Fund
IIFL Focused Equity Fund is an equity mutual fund that was launched by IIFL mutual fund. Later on, the fund was introduced on 30th Oct 2014 to its investors. Currently, the fund is managed by Prashasta Seth. Talking about AUM, it is of INR 551 Cr, and the latest NAV is of INR 19.78 (dated as of 22nd Jan 2020). The fund growth is moderately high risk. The minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000. Exit load of 1% only if redeemed within 12 months.
The objective is to generate long-term capital appreciation for investors from a portfolio of equity & equity related securities. But there can be guarantee or assurance that the objective of the investment of the scheme would be achieved.
Returns are taxed at 15% only if you redeem before a year. After a year, you are required to pay LTCG tax of 10% on returns of INR 1 lakh+ in a financial year.
|ICICI Bank Ltd.||Financial||Equity||9.4%|
|HDFC Bank Ltd.||Financial||Equity||8.0%|
|Axis Bank Ltd.||Financial||Equity||6.9%|
|Larsen & Toubro Ltd.||Construction||Equity||5.5%|
|Crompton Greaves Consumer Electricals Ltd.||Cons Durable||Equity||4.5%|
|Bajaj Finance Ltd.||Financial||Equity||4.2%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.4%|
|Procter & Gamble Health Ltd.||Healthcare||Equity||3.3%|
How to Invest IIFL Focused Equity Fund with Gulaq?
IIFL Focused Equity Fund investment is not a fuss, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is:
- Sign-in at gulaq.com. You can also check your KYC for FREE
- Fetch in your amount (whether SIP or lumpsum)
- Submit ‘Invest Now’
*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.