HDFC Multi - Asset Fund
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Min amount: 500
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Multi Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|Gold - Gold||8.7%|
|HDFC Bank Ltd||8.02%|
|Reliance Industries Ltd||4.27%|
|ICICI Bank Ltd||3.64%|
|Larsen & Toubro Ltd||3.28%|
|Housing Development Finance Corp Ltd||3%|
|NIIT Technologies Ltd||2.88%|
|State Bank of India||2.74%|
|Oriental Carbon And Chemicals Ltd||2.7%|
About HDFC Multi Asset Fund
HDFC Multi Asset Fund is a type of open ended multi asset fund with an aim to generate positive returns over medium time frame with low risk of capital loss over medium time frame. The fund invests in equity and equity related instruments, debt and gold in specific proportion as directed by the investment objective.
Pros & Cons of HDFC Multi Asset Fund
HDFC Multi Asset Fund offers the following benefits: 1. Since the fund is invested in a number of large, small and mid-cap equity related instruments along with debt instruments with varying yielding rates, they are better than other single sector focused funds in terms of returns.
Certain drawbacks of HDFC Multi Asset Fund
- Returns in the last few years have not been spectacular as compared to other multi-cap funds.
Fund Information and Statistics of HDFC Multi Asset Fund
i) Inception / Launch date
HDFC Multi Asset Fund was launched on August 17, 2005 by HDFC Fund AMC.
ii) Risk level
Being an equity oriented fund, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
There have been multiple fund managers associated with the fund namely Chirag Setalvad / Anil Bamboli / Krishan Kumar Daga / Rakesh Vyas over varying periods. Chirag Setalvad has been the principal fund manager since 2005.
v) Entry / Exit load
The exit load is 1% if the units are redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP. Also, if redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase, the same applies.
Tax benefits of investing in the fund
Long term capital gains tax applies to returns on this fund. A capital gain registered during a period of less than 1 year is defined as Short-term Capital Gain (STCG). A capital gain registered over a period of more than 1 year is defined as Long-term Capital Gains (LTCG). STCG are taxed at the rate of 15%. Long term capital gains tax at the rate of 10% without the benefit of indexation.
About HDFC Mutual Fund
HDFC Mutual fund is managed by HDFC Mutual Fund - one of the largest mutual funds and well-established fund house in the country with a consistent focus on delivering robust fund performance.
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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