IDFC Mutual Fund launches IDFC Midcap Fund

IDFC Mutual Fund has launched IDFC Midcap Fund, an open-ended equity scheme investing predominantly in midcap segment.

The fund house said that it will follow a 5-filter framework for the selection of stocks — governance, capital efficiency, competitive edge, scalability, and acceptable risk/reward.

The fund will be managed by Sachin Relekar.

In a press release, Vishal Kapoor, CEO, IDFC MF said, "The midcap segment demonstrate an opportunity for wealth creation over the years, a compelling risk reward balance and exhibits a broader sectoral representation compared to large caps, thereby offering significant potential for growth with reasonable stability over the long term.”