HDFC Equity Savings Fund
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Min amount: 500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Reliance Industries Ltd||5.59%|
|Housing Development Finance Corp Ltd||4.41%|
|Housing Development Fin. Corp. Ltd.$||4.41%|
|ICICI Bank Ltd||4.11%|
|HDFC Bank Ltd||3.25%|
|State Bank of India||2.55%|
|Larsen & Toubro Ltd||2.5%|
|Yes Bank Ltd||2.15%|
About HDFC Equity Savings Fund
The Scheme is an open-ended equity scheme which is benchmarked against 40% CRISIL Liquid Fund Index, 30% CRISIL Short Term Bond Fund Index and 30% NIFTY 50. The investment objective is to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity or equity related instruments and debt or money market instruments.
Pros & Cons of HDFC Equity Savings Fund
Equity savings funds are gaining traction given their tax efficiency and stability in return. To retain equity taxation, schemes restrict debt exposure to 35%. Also, the scheme uses derivative strategies to reduce volatility and hedge the portfolio. One of the disadvantage is, this scheme provides less returns from the arbitrage portion and negative returns from the unhedged equity portion during falling markets.
Fund Information and Statistics of HDFC Equity Savings Fund
i) Inception / Launch date
The Scheme’s inception date is 17 September 2004.
ii) Risk level
The Scheme is moderately high risk proposition. The Scheme is suitable for those looking for some equity exposure however not for a longer time frame. This proposition suit for those with limited risk appetite and looking for less uncertainty in returns.
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
Currently, the scheme is being managed by Mr. Vinay Kulkarni. Mr. Kulkarni serves as a Senior Fund Manager of Equities at fund house and managing the scheme since November 2006.
v) Entry / Exit load
a. Entry Load: NIL b. Exit Load: Nil up-to 15% of units, for remaining units 1% on or before 1 Year and Nil after 1 Year
Tax Benefits of investing in HDFC Equity Savings 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