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

: ₹ 25.1706 0.47%
(as on 20th April, 2021)

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Crisil Rank

Very good performance among peers

Fund Size

: ₹ 1623.06 Cr

(2.37% of Investment in Category)

Expense Ratio

: 1.36%

(1.04% Category average)

Risk-O-Meter

Moderately High

Focused Fund :Focused Fund : Fund has 96.37% investment in indian stocks of which 58.52% is in large cap stocks, 17.4% is in mid cap stocks, 14.04% 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.

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This Scheme

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Benchmark
S&P BSE 200 TRI

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NA
-1.87%

0.2%

24.28%

52.83%

13.52%

14.52%

16.03%

NA
Gold

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VIP (Value Avg)

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Returns (NAV as on 19th April, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	12-Apr-21	10011.80	0.12%	-	0.39%	21/25
1 Month	19-Mar-21	9661.80	-3.38%	-	-1.80%	21/25
3 Month	19-Jan-21	9896.70	-1.03%	-	1.00%	19/25
6 Month	19-Oct-20	12325.30	23.25%	-	24.70%	13/24
YTD	01-Jan-21	10241.70	2.42%	-	5.16%	17/25
1 Year	17-Apr-20	15540.90	55.41%	55.04%	52.66%	6/22
2 Year	18-Apr-19	14890.20	48.90%	21.96%	13.55%	1/18
3 Year	19-Apr-18	16251.10	62.51%	17.55%	10.23%	1/17
5 Year	18-Apr-16	23475.70	134.76%	18.59%	14.53%	1/15
Since Inception	24-Oct-14	25053.70	150.54%	15.20%	16.07%	14/24

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 19th April, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	17-Apr-20	12000	14900.39	24.17 %	47.6 %
2 Year	18-Apr-19	24000	31883.12	32.85 %	29.95 %
3 Year	19-Apr-18	36000	51640.48	43.45 %	24.88 %
5 Year	18-Apr-16	60000	96729.77	61.22 %	19.17 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Mar,2021)

Portfolio Turnover Ratio : 63.00% | Category average turnover ratio is 232.00%

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

Equity Holding : 96.37% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.37%

No of Stocks : 30 (Category Avg - 26.40) | Large Cap Investments : 58.52%| Mid Cap Investments : 17.4% | Small Cap Investments : 14.04% | Other : 6.41%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Banks	1521.4	9.37%	-0.32%	10.15% (Aug 2020)	8.81% (Sep 2020)	26.14 L	1.11 L
Infosys Ltd.	Computers - software	991.3	6.11%	0.23%	6.68% (Jul 2020)	4.2% (Apr 2020)	7.25 L	0.00
Axis Bank Ltd.	Banks	951	5.86%	-0.22%	6.08% (Feb 2021)	0% (Apr 2020)	13.64 L	69.00 k
Larsen & Toubro Ltd.	Engineering, designing, construction	892.8	5.50%	0.71%	5.5% (Mar 2021)	0% (Apr 2020)	6.29 L	1.16 L
HDFC Bank Ltd.	Banks	765.1	4.71%	-0.38%	6.79% (Jun 2020)	3.39% (May 2020)	5.12 L	0.00
Crompton Greaves Consumer Electricals Ltd.	Home appliances	713.9	4.40%	0.32%	4.97% (Sep 2020)	4.08% (Feb 2021)	18.19 L	1.82 L
Mahindra & Mahindra Ltd.	Passenger/utility vehicles	688.3	4.24%	-0.28%	5.05% (Jan 2021)	0% (Apr 2020)	8.66 L	0.00
Bharti Airtel Ltd.	Telecom - services	658.6	4.06%	-0.53%	6.45% (Jul 2020)	4.06% (Mar 2021)	12.73 L	0.00
Bajaj Finance Ltd.	Nbfc	619	3.81%	-0.29%	5.48% (Nov 2020)	2.76% (May 2020)	1.20 L	0.00
Larsen & Toubro Infotech Ltd.	Computers - software	595.9	3.67%	0.24%	4.4% (Oct 2020)	3.18% (Apr 2020)	1.47 L	0.00

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

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.67%
Net Receivables	Net Receivables	-0.04%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st March, 2021)

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

20.51vs13.56

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

0.88vs0.59

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

0.81vs0.3

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

0.19vs0.07

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

6.77vs-0.41

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Quant Focused Fund - Direct Plan - Growth	NA	12.12	2.77	10.73	40.66	73.78	13.20
Nippon India Focused Equity Fund - Direct Plan - Growth	4	4876.76	-4.14	4.36	37.58	71.28	10.13
Mirae Asset Focused Fund - Direct Plan - Growth	NA	5471.51	-2.19	1.81	25.50	67.70	0.00
Tata Focused Equity Fund - Direct Plan - Growth	NA	1156.11	-1.78	1.33	25.02	57.84	0.00
Franklin India Focused Equity Fund - Direct - Growth	2	7799.46	-3.22	2.02	36.00	56.46	11.28
Union Focused Fund - Direct Plan - Growth	NA	189.78	-2.36	-0.34	21.68	55.53	0.00
ICICI Prudential Focused Equity Fund - Direct Plan - Growth	3	1216.87	-2.30	0.02	28.44	54.69	11.65
Kotak Focused Equity Fund - Direct Plan - Growth	NA	1864.85	-2.05	1.87	23.19	54.15	0.00
Principal Focused Multicap Fund - Direct Plan - Growth	4	525.60	-1.40	1.91	26.98	53.12	13.83
DSP Focus Fund - Direct Plan - Growth	3	1997.35	0.30	-1.18	21.82	52.82	9.81

Detailed Comparison

More Funds from IIFL Mutual Fund

Out of 3 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 1 is/are ranked 3 * , 1 is/are ranked 1 * , and 0 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
IIFL Focused Equity Fund - Direct Plan - Growth	5	1623.06	-3.38	-1.03	23.25	55.04	17.55
IIFL Dynamic Bond Fund - Direct Plan - Growth	3	731.41	1.11	0.88	2.60	6.82	7.26
IIFL Liquid Fund - Direct Plan - Growth	1	121.52	0.26	0.70	1.38	2.97	5.04