IIFL Focused Equity Fund (Growth)

IIFL Focused Equity Fund (Growth) is an open-ended equity scheme. As the name suggests, IIFL Focused Equity Fund (Growth) is a focused fund that invests in multi cap stocks. A focused fund can invest in a maximum of 30 stocks. A focused fund aims to deliver a higher return on investment by investing in stocks of limited companies that have a proven track record of performance and growth potential. To achieve its objectives, the scheme invests in a diversified portfolio. The scheme follows a bottom-up investment approach to achieve growth and appreciation. 

Investment Objective of IIFL Focused Equity Fund (Growth)

The investment objective of IIFL Focused Equity Fund (Growth) is to deliver long term growth and capital appreciation from a portfolio of equity and equity related securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. The scheme follows an approach through which it builds a diversified portfolio of Equity or Equity related instruments combined with Debt and Money market instruments.

Scheme Details of IIFL Focused Equity Fund (Growth)

IIFL Focused Equity Fund (Growth) was launched on Oct 30, 2014, by IIFL Asset Management Company. With an existence of over 8 years, the fund continues to provide consistent returns and growth since its inception. 

• NAV and Returns – The NAV of the fund as of 3rd April 2022 is Rs 29.59. The risk-o-meter of the fund is a very high risk of the nature of IIFL Focused Equity Fund (Growth). Owing to the risk-o-meter, an investor must understand that their principal amount of investment will be at very high risk. Since its inception, the Fund has delivered a return of 15.80%.
• Minimum Investment – For a SIP investment, the fund mandates a minimum SIP investment of Rs 1,000. To make a lump sum investment an investor must invest a minimum amount of Rs 5,000.
• Expense Ratio and Exit Load – The fund charges an expense ratio of 1.97% on the units of the mutual funds at the NAV. The fund charges an exit load of 1% if the investor redeems or switches out, on or before 12 months from the date of allotment.
• Fund Manager – The scheme is managed by Mr Mayur Patel. Mr Mayur Patel is a Chartered Accountant and a Certified Financial Accountant CFA. Prior to joining IIFL Asset Management Limited, he worked at DSP BlackRock Investment Managers, where he managed equity portfolios for DSP BlackRock Equity Savings Fund and MIP Fund, Spark Capital as a Lead Analyst, Tata Motors, and CRISIL.
• Other Details – As of 3rd April 2022, the AUM of IIFL Focused Equity Fund (Growth) is Rs 2,640.431 cr. The fund benchmarks to S&P BSE 500 India TR INR and aims to beat the benchmark and provide long term inflation beating return on investment. There is no lock-in period and an investor can redeem the units of the funds anytime. However, it is advisable to stay invested for a minimum period of 5 years. 

Review of IIFL Focused Equity Fund (Growth)

IIFL Focused Equity Fund (Growth) is recommended by Scripbox under the category of focused fund for a long term investment of a minimum of 5 years. IIFL Focused Equity Fund has 92% exposure in Indian equity, in which 68% is in large cap and 24% is in mid and small. The fund holds rank 1 in the category on the basis of average 1 year rolling return – 26.29% and average 3 years rolling return – 24.23%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. 

Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias. The fund is in top based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 13 times.

The fund has the highest information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark. AUM value of the fund is 2640.43 Cr. and is in top 10 in the category. The top sectors of the fund are financial services, industrials and technology with 36.04%, 13.23% and 12.88%. 51% asset is in top 10 stocks

The fund invests in 30 multicap stocks to maintain diversity and earn higher returns.

1. With an existence of over 8 years, the fund has a relatively moderate history for analysis of the fund. 
2. With an AUM or relative size of Rs 2,640.431 cr, the relative size of the fund is large within the focused mutual fund category.
3. Over a period of time, the funds performed well by providing benchmark beating returns. 

Fund Performance

Annualised Returns

Period	Returns
5 Years	17.70%
3 Years	23.30%
1 Years	23.90%

Performance Ratio

Standard Deviation	20.62%
Portfolio Beta	0.88
Treynor’s Ratio	0.22
Sharpe Ratio	0.93

Asset Allocation

Asset Allocation as per Asset Type

Asset Type (Equity vs Debt)	Weightage
Equity	92.60%
Debt & Cash	7.40%

Asset Allocation As per Sector

Sector	Percentage of Holding
Financial Services	33.40%
Industrials	12.30%
Technology	11.90%
Consumer Cyclical	8.90%
Basic Materials	8.70%
Communication Services	5.70%
Healthcare	5.30%
Consumer Defensive	3%
Energy	2.50%
Utilities	1%

Frequently Asked Questions

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