IIFL Focused Equity Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Focused Fund

Fund House : IIFL Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 16.8217 1.3%
(as on 17th May, 2019)

Crisil Rank

Above average performance among peers

Fund Size

: ₹ 176.51 Cr

(0.47% of Investment in Category)

Expense Ratio

: 0.95%

(1.27% Category average)

Risk-O-Meter

Moderately High

Focused Fund :Focused Fund : Fund has 95.69% investment in indian stocks of which 59.93% is in large cap stocks, 21.6% is in mid cap stocks, 13.32% in small cap stocks.

Suitable For : Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds. At the same time, these investors should also be ready for possibility of moderate to high losses in their investments even though overall market is performing better.

Crisil Rank Change : Fund Crisil rank was updated from 2 to 4 in the previous quarter.

1M
3M
6M
1Y
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5Y
ALL

This Scheme

VS

Benchmark
S&P BSE 200 TRI

-4.38%

5.68%

4.57%

3.63%

8.07%

11.87%

0%
NA
-3.68%

7.82%

5.23%

1.05%

6.47%

14.22%

11.12%

NA
Gold

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VIP (Value Avg)

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Returns (NAV as on 17th May, 2019)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	10-May-19	10239.34	2.39%	-	0.52%	1/18
1 Month	16-Apr-19	9942.78	-0.57%	-	-3.68%	1/18
3 Month	15-Feb-19	11362.25	13.62%	-	7.82%	1/18
6 Month	16-Nov-18	11474.17	14.74%	-	5.23%	1/18
YTD	01-Apr-19	10036.27	0.36%	-	-2.25%	1/18
1 Year	17-May-18	11221.65	12.22%	12.22%	1.05%	1/17
2 Year	17-May-17	11999.81	20.00%	9.54%	6.47%	4/15
3 Year	17-May-16	15497.44	54.97%	15.72%	13.46%	3/15
5 Year	-	-	-	-	14.22%	-/-
Since Inception	24-Oct-14	16821.70	68.22%	12.07%	-	-/-

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 17th May,2019)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 year	17-May-18	12000	13101.34	9.18 %	17.49 %
2 years	17-May-17	24000	26558.11	10.66 %	10.09 %
3 years	17-May-16	36000	42833.06	18.98 %	11.63 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.|If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Portfolio (Updated on 30th Apr,2019)

Portfolio Turnover Ratio : 116.00% | Category average turnover ratio is 64.54%

Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 95.69% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 95.69%

No of Stocks : 30 (Category Avg - 25.78) | Large Cap Investments : 59.93%| Mid Cap Investments : 21.6% | Small Cap Investments : 13.32% | Other : 0.84%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Cr)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Banks	182.5	10.34%	0.18%	6.76% (Aug 2018)	6.76% (Aug 2018)	78.73 k	0.00
ICICI Bank Ltd.	Banks	112.2	6.35%	0.21%	1.01% (Sep 2018)	0% (May 2018)	2.75 L	0.00
Merck Ltd.	Pharmaceuticals	108.8	6.16%	-0.25%	5.97% (Jul 2018)	5.97% (Jul 2018)	29.25 k	-1.95 k
State Bank Of India	Banks	105.5	5.98%	-0.10%	4.78% (Jun 2018)	4.78% (Jun 2018)	3.40 L	0.00
Infosys Ltd.	Computers - software	96.6	5.47%	-0.29%	4.78% (Aug 2018)	4.78% (Aug 2018)	1.29 L	-0.11 L
Tech Mahindra Ltd.	Software -telecom	79.7	4.52%	0.21%	3.64% (Oct 2018)	0% (May 2018)	95.37 k	-4.53 k
Bajaj Finance Ltd.	Nbfc	65.3	3.70%	0.15%	3.13% (Nov 2018)	3.13% (Nov 2018)	21.10 k	0.00
Ipca Laboratories Ltd.	Pharmaceuticals	62.4	3.53%	-0.05%	0.5% (Oct 2018)	0% (May 2018)	65.50 k	0.00
Siemens Ltd.	Power equipment	60	3.40%	0.19%	2.05% (Nov 2018)	0% (May 2018)	51.16 k	0.00
Larsen & Toubro Ltd.	Engineering, designing, construction	57.4	3.25%	-0.03%	2.04% (Dec 2018)	0% (May 2018)	42.58 k	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Reverse Repo	Reverse Repo	4.43%
Net Receivables	Net Receivables	-0.12%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2019)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

16.59vs10.76

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.05vs0.66

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.57vs0.41

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.09vs0.06

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

0.97vs0.21

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Franklin India Focused Equity Fund - Direct - Growth	3	8264.23	-4.66	10.20	6.45	6.88	13.93
Sundaram Select Focus - Direct Plan - Growth	4	979.32	-2.37	7.57	7.24	6.33	15.32
ICICI Prudential Focused Equity Fund - Direct Plan - Growth	3	669.23	-4.36	7.57	1.62	4.70	11.47
SBI Focused Equity Fund - Direct Plan - Growth	4	4234.36	-2.52	10.72	10.31	3.67	14.86
Principal Focused Multicap Fund - Direct Plan - Growth	3	321.80	-3.20	6.27	4.22	3.09	12.87
Aditya Birla Sun Life Focused Equity Fund - Direct Plan - Growth	3	4278.50	-3.35	7.49	4.82	3.00	12.45
JM Core 11 Fund - (Direct) - Growth	5	47.47	-6.36	5.04	7.90	1.99	17.12
Axis Focused 25 Fund - Direct Plan - Growth	3	7584.22	-2.21	7.30	6.06	0.65	16.65
DSP Focus Fund - Direct Plan - Growth	2	2048.62	-3.41	8.66	5.54	0.59	10.63
Reliance Focused Equity Fund - Direct Plan - Growth	3	4458.06	-3.76	10.87	7.09	0.41	14.99

Detailed Comparison

More Funds from IIFL Mutual Fund

Out of 4 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 1 is/are ranked 4 * , 1 is/are ranked 3 * , and 1 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
IIFL Liquid Fund - Direct Plan - Growth	5	532.31	0.51	1.60	3.28	6.88	6.64
IIFL Capital Enhancer Fund - Series I - Direct Plan - Growth	NA	481.47	-2.79	3.48	2.90	4.04	0.00
IIFL Dynamic Bond Fund - Direct Plan - Growth	3	336.66	0.20	2.05	4.41	7.94	7.17
IIFL Focused Equity Fund - Direct Plan - Growth	4	176.51	-0.57	13.62	14.74	12.22	15.72