HDFC Growth Opportunities Fund Growth
HDFC Growth Opportunities Fund Growth1Morning Star
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Min amount: ₹500
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Large & Mid- Cap|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||9.03%|
|State Bank of India||8.04%|
|Reliance Industries Ltd||5.1%|
|Bharat Petroleum Corp Ltd||4.58%|
|HDFC Bank Ltd||4.16%|
|Indian Hotels Co Ltd||2.82%|
About HDFC Growth Opportunities Fund
The Scheme is an open-ended equity scheme and the investment objective is to generate long term capital appreciation & income from a portfolio, predominantly invested in equity and equity related stocks.
Pros & Cons of HDFC Growth Opportunities Fund
HDFC Growth Opportunities Fund offers following features:
- In terms of trailing returns, the scheme underperformed in 3 year, 5 year, 10 year, 15 year and 20 year horizon compared to the category average.
- The returns have been below average in these years and ranked low compared to peers in terms of returns provided.
- The Scheme has been rated one star due to its below average returns
Fund Information and Statistics of HDFC Growth Opportunities Fund
i) Inception / Launch date
The Scheme was launched on 18 February 1994 by HDFC Mutual Fund. The Scheme is benchmarked against S&P BSE 100 Index.
ii) Risk level
The Scheme is moderately high risk proposition and suitable for investors looking for capital appreciation over long term (more than 5 year horizon).
Under normal circumstances, redemption proceeds are despatched by the fund house within 10 business days from receipt of request.
iv) Fund Manager
The Scheme is being managed by Mr. Vinay R Kulkarni who has a total experience of 22 years in fund management.
v) Entry / Exit load
1% of exit load is charged by the fund house if the units are redeemed/switched-out within one year of allotment. No exit load is charged for redemptions post one year of allotment. No entry load is charged by the fund house on subscriptions.
Tax benefits of investing in HDFC Growth Opportunities Fund
Long Term Capital Gains (“LTCG”), in excess of Rs 1 lakh, are taxed @ 10% without indexation if units held for more than 12 months. Short term capital gains (“STCG”) are taxed @ 15% if units are held for less than 12 months. Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.
About HDFC Mutual Fund
HDFC Mutual Fund(https://cleartax.in/s/hdfc-mutual-fund is one of the largest and well-established fund house in India with focus on delivering consistent fund performance across all categories since the first fund launch in July 2000. The fund house is managed by HDFC Asset Management Company Ltd. Mr. Milind Barve is the CEO of the AMC. HDFC Trustee Company Limited is the trustee to HDFC Mutual Fund per Trust Deed dated 8 June 2000.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns