HDFC Top 100 Fund Growth
HDFC Top 100 Fund Growth4Morning Star
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Min amount: ₹500
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Reliance Industries Ltd||8.75%|
|HDFC Bank Ltd||7.91%|
|ICICI Bank Ltd||7.82%|
|State Bank of India||6.76%|
|Larsen & Toubro Ltd||6.58%|
|Tata Consultancy Services Ltd||3.97%|
|Axis Bank Ltd||3.24%|
About HDFC Top 100 Fund
The scheme is an open-ended equity scheme and the investment objective is to provide long-term capital appreciation and income by investing predominantly in large-cap stock
Pros & Cons of HDFC Top 100 Fund
The Scheme is the one of the oldest schemes in the Indian market. The fund sailed through the market ups and downs for 22 years and has given approx 20% annual return since launch. The Scheme has beaten its benchmark in 3-year horizon and provided met category average returns. The scheme invests in companies with a strong balance sheet and business models.
Fund Information and Statistics of HDFC Top 100 Fund
i) Inception / Launch date
The Scheme was earlier known as HDFC Top 200 Fund was launched on 11 October 1996. Following SEBI’s categorization and rationalization rules, the fund house changed fundamental attributes to focus on large-cap stocks and renamed the Scheme.
ii) Risk level
The scheme draws its underlying investments from the stocks in S&P BSE 100 Index. It seeks to invest in strong balance sheets by primarily confining to the S&P BSE 100 Index stocks. This is done to reduce risks while maintaining growth.
Under normal circumstances, the fund house dispatch the redemption proceeds cheque within 3-4 business days from date of redemption. Unitholders receive proceeds directly in their bank account unless opted for cheque payment.
iv) Fund Manager
The Scheme is currently being managed by Mr. Prashant Jain who is managing the scheme since January 2002. Prior to joining fund house, he has worked with Zurich AMC and SBI Mutual Fund.
v) Entry / Exit load
1% exit load is charged if the units are redeemed within 1 year from the date of allotment of units, no exit load is charged beyond 1 year.
Tax Benefits of investing in HDFC Top 100 Fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About HDFC Mutual Fund
HDFC Mutual Fund is one of the largest mutual funds and launched its first scheme in July 2000. Currently, Mr. Milind Barve is the CEO of the fund house. There are 28 open-ended and 7 closed-ended scheme managed by the AMC of the fund house.
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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