HDFC Equity Savings Fund -Direct Plan - Growth Option

About HDFC Equity Savings Fund - Direct Plan - Growth

The main intention of the HDFC Equity Savings Fund is to generate returns in the form of capital gains in the long run by investing primarily in equity and equity-linked instruments, debt and money market securities, and arbitrage opportunities.

Pros and Cons of HDFC Equity Savings Fund - Direct Plan - Growth

The main advantage of investing in HDFC Equity Savings Fund is that you get exposure to a portfolio which is constituted by including equity, debt and money market instruments. This balances the risk-reward ratio and stabilises the returns in the long run.

Fund Information and Statistics

i) Inception/Launch Date

HDFC Equity Savings Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

HDFC Savings Equity Fund is categorised under ‘moderately high risk’ class of mutual funds.

iii) Redemption

Since HDFC Equity Savings Fund is an open-ended mutual fund, you can redeem your fund units at any time. However, you have to be mindful of applicable tax on capital gains before redeeming.

iv) Fund Manager

Mr Gopal Agrawal, Kishan Kumar Daga, and Anil Bamboli are the current fund manager of HDFC Equity Savings Fund - Direct Plan - Growth.

v) Entry/Exit load

There is no entry load in order to comply with the regulations of the Securities and Exchange Board of India (SEBI). An exit load of 1% is applicable to the units in excess of 1% on redemption within one year from the date of allotment. No exit load applies after one year.

About HDFC Mutual Fund

HDFC Mutual Fund is one of the most popular fund houses in the country. It had assets worth a massive Rs 3.56 lakh crore as of June 2020. It entered the Indian mutual fund fore back in the year 1999 when it registered with the Securities and Exchange Board of India (SEBI) with HDFC Trustee Company Limited as its trustee. It is being sponsored by Sun Life Investment Limited and Housing Development Finance Corporation Limited.