HDFC Equity Fund Growth
HDFC Equity Fund Growth4Morning Star
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Min amount: ₹500
- Fund Summary
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||9.71%|
|Larsen & Toubro Ltd||8.52%|
|State Bank of India||8.24%|
|Reliance Industries Ltd||5.61%|
|HDFC Bank Ltd||4.83%|
|Tata Consultancy Services Ltd||3.68%|
|Bharat Petroleum Corp Ltd||3.13%|
About HDFC Equity Fund
The scheme seeks out to produce capital appreciation / income from the portfolio, primarily invested in equity & equity-related opportunities. The fund has, in the past, been able to reward shareholders with a complex risk appetite and a longer term time horizon. The aggressive investment strategy makes it appropriate only for investors who are prepared to consider high risk and overlook short term deficit, while being persevering with the fund for long term growth.
Benefits of HDFC Equity Fund
HDFC Equity offers the following benefits:
- HDFC Equity Fund has about a quarter of its portfolio in mid-cap stocks, with a significant share of at least 70% into large caps.
- While selecting stocks, high preference is given to sturdy & emergent establishments that could not only endure, but emerge stronger in distressing times.
- The fund's portfolio is branched out across key sectors, with concentration being on stocks and sectors where the fund manager places high trust. (Banks, I.T., Industrial Capital Goods and Power stocks)
Fund Info and Statistics of HDFC Equity Fund
i) Inception / Launch date
The HDFC Equity Fund was first made available in January 1, 1995.
ii) Risk level
The investment in this scheme would be subject to a risk level of Moderately High.
Units can be redeemed by a repurchase/buyback by the fund house. Under usual conditions, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Prashant Jain has been managing the HDFC equity since June 2003. Before joining HDFC AMC, he worked with Zurich AMC as well as SBI Mutual Fund. Mr. Jain has a B. Tech. (IIT Kanpur) as well as CFA from AIMR, USA.
v) Entry / Exit load
- Entry Load: N.A
- Exit Load: 1.00% (Exit Load 1% if units are redeemed / switched-out within 1 year from the date of allotment.)
Tax Benefits of investing in HDFC Equity 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 Asset Management
HDFC Mutual Fund was amalgamated under the Companies Act of 1956, on December 10, 1999. Later, it was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI. The registered office of the HDFC AMC is located at Ramon House, 3rd Floor, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai - 400 020.
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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