IDFC US Equity Fund Of Fund

 

NFO Opens: 29th July 2021 NFO Closes: 12th August 2021

An overview of the IDFC US Equity Fund of Fund:

• An open-ended fund of fund scheme investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities
• The underlying fund(/s) will be based on the existing US market view and outlook of the fund manager Currently, the fund will invest in an underlying fund with a Growth-style investing 

Underlying Fund: 

• The J.P. Morgan US Growth Fund A carefully chosen fund with a well-tested investment process and well-proven track record.
• Fund Inception Date: 20th Oct’00 Share Class inception date: 3rd Oct’13*
• 60-90 stock portfolio – Large-cap focused with some mid-cap exposure 
• USD 1.8Bn of assets as on Jun’21
• An experienced lead portfolio manager supported by a team of sector research analysts
• Global exposure: 40% of the revenue of the underlying stocks contributed by countries outside of US
• Bottom-up investment approach to identify companies with : 
• A large addressable market undergoing meaningful change 
• Sustainable competitive advantage and strong execution
• Good price momentum

 

Why US Equities are a powerful complementary addition to the Indian investor’s portfolio?

• Effective diversification on account of low correlation with Indian Equities
• Consistent earnings-driven performance, a good combination of reward with resilience 
• Exposure to another key asset i.e. USD which is a world reserve currency

Why consider investing in US Equities now?

• The reopening of the US economy is expected to lead to the highest GDP growth in ~40 years
• Innovative themes to further advance the US economy
• Investing for the long-term offers significant potential, irrespective of market levels

Key features: 

• An actively managed underlying fund with a well-tested, fundamental, bottom-up stock selection process
• Growth-oriented portfolio positioned to benefit from reopening of the economy
• Seasoned and proven fund management team with deep US expertise

This product is suitable for investors who are seeking: 

• To create wealth over long term
• Diversification of returns through investing in a fund mainly investing in units/shares of overseas Mutual Fund Scheme(/s)/ Exchange Traded Fund(/s) which invests in US Equity Securities

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.