NFO review: IDFC Multi Cap Fund

Adding another fund to its bouquet, IDFC Mutual Fund launched a multi-cap fund on November 12, 2021. The fund will invest across the large-, mid- and small-cap companies. The scheme will close for subscription on November 26, 2021. It will be managed by Daylynn Pinto and Harshal Joshi and will be benchmarked against the Nifty 500 Multicap 50:25:25 TRI. According to the AMC, the fund will follow a robust investment strategy with a focus on 3-D, i.e., diversity, discipline and dependability. About the strategy The multi-cap category is effectively a new one created by SEBI in September 2020. As of now, this category has just 12 funds managing assets worth over Rs 32,000 crore (as on October, 2021). These funds are mandated to invest at least 25 per cent of their money each in large-, mid- and small-cap stocks. They are somewhat similar to their flexi-cap counterparts in terms of having exposure across market caps. However, flexi-cap funds do not have any restrictions regarding the mini