Fund watch: IDFC Premier Equity has outperformed in past 5 years
IDFC Premier Equity has outperformed its index in the past five years.
IDFC Premier Equity has outperformed its index in the past five years.
FUND FACTS
INCEPTION: September 2005
CATEGORY: Equity Mid and Small Cap
TYPE: Open-ended
A U M: Rs 3,343.72 crore
BENCHMARK INDEX: S&P BSE 500
WHAT IT COSTS
NAV:Rs 35.75 (G), Rs 21.10 (D)
MIN INVESTMENT:Rs 10,000
MIN SIP AMOUNT:Rs 2,000
EXPENSE RATIO:2.25%
EXIT LOAD:1% for redemption within 365 days
WHO SHOULD INVEST IN IT?
IDFC Premier Equity has a history of posting profits across market cycles, despite belonging to a category deemed risky. The fund reportedly invests in companies that represent future trends and are available at cheap valuations. The fund navigated the market troubles of 2008 and 2011 much better than peers and its benchmark index. However, it was an indifferent 2012 for the fund, but has once again handled market uncertainty better than peers in 2013. Despite all this, the fund's fundamentals remain strong. A stable, unchanged management of five years and a comparatively low expense ratio make the fund a possible choice as a long-term investment.
MEET THE FUND MANAGER
Fund manager Kenneth Andrade has been at the helm since February 2007 while co-manager Meenakshi Dawar took charge of the fund in October 2011.
(Data and analysis of the fund have been sourced from Value Research)
FUND FACTS
INCEPTION: September 2005
CATEGORY: Equity Mid and Small Cap
TYPE: Open-ended
A U M: Rs 3,343.72 crore
BENCHMARK INDEX: S&P BSE 500
WHAT IT COSTS
NAV:Rs 35.75 (G), Rs 21.10 (D)
MIN INVESTMENT:Rs 10,000
MIN SIP AMOUNT:Rs 2,000
EXPENSE RATIO:2.25%
EXIT LOAD:1% for redemption within 365 days
WHO SHOULD INVEST IN IT?
IDFC Premier Equity has a history of posting profits across market cycles, despite belonging to a category deemed risky. The fund reportedly invests in companies that represent future trends and are available at cheap valuations. The fund navigated the market troubles of 2008 and 2011 much better than peers and its benchmark index. However, it was an indifferent 2012 for the fund, but has once again handled market uncertainty better than peers in 2013. Despite all this, the fund's fundamentals remain strong. A stable, unchanged management of five years and a comparatively low expense ratio make the fund a possible choice as a long-term investment.
MEET THE FUND MANAGER
Fund manager Kenneth Andrade has been at the helm since February 2007 while co-manager Meenakshi Dawar took charge of the fund in October 2011.
(Data and analysis of the fund have been sourced from Value Research)
