This document provides information about the IDFC Equity Savings Fund, an open-ended fund that invests in equity, arbitrage, and debt opportunities. The fund aims to provide moderate volatility and potential capital appreciation with relative stability of returns. It allocates 20-45% to unhedged equity, 20-60% to arbitrage strategies, and 20-35% to debt instruments. As of December 2020, its largest industry exposures were pharmaceuticals, petroleum products, and banks.