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HDFC Long Term Equity Fund Print
Investment Objective | Scheme Information & NAV | Investment Pattern & Strategy | Asset Allocation | Returns and benchmarks | Fund Manager| Offer Document / Scheme Information Document (SID) | Application Form
Investment Objective
To achieve long term capital appreciation.

Basic Scheme Information
Nature of Scheme Close Ended Equity Scheme with a maturity period of 5 years with automatic conversion into an open-ended scheme upon maturity of the Scheme.
Inception Date February 10, 2006
Option/Plan Dividend Option,Growth Option. Dividend Option currently offers payout facility only.
Entry Load
 NIL
Exit Load
(as a % of the Applicable NAV)
(Other than Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP))
 Redemption / Switch-out from the Date of Allotment :
  • Upto 12 months 4%
  • After 12 months upto 24 months 3%
  • After 24 months upto 36 months 2%
  • After 36 months upto 48 months 1%
  • After 48 months upto 54 months 0.5%
  • After 54 months upto Maturity Nil

No Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.
Specified Redemption Period A Unit holder can submit redemption/ switch-out request only during the Specified Redemption Period. Presently, the Specified Redemption Period is the first five Business Days immediately after the end of each calendar half year. 
Minimum Application Amount
(Other than Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP))
 Currently no purchases/ switch-ins are allowed into this scheme.
 
Lock-In-Period Nil
Net Asset Value Periodicity Every Business Day.
Redemption Proceeds Normally dispatched within 3 Days
Tax Benefits
(As per present Laws)		 Please click for details
Current Expense Ratio (#)
(Effective Date 22nd May 2009)		 On the first 100 crores average weekly net assets 2.50%
On the next 300 crores average weekly net assets 2.25%
On the next 300 crores average weekly net assets 2.00%
On the balance of the assets 1.75%
(#) Any change in the expense ratio will be updated within two working days.

Plan Name NAV Date NAV Amount
Dividend Plan29 Jul 201012.7450
Growth Plan29 Jul 201015.4060
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Investment Pattern
The following table provides the asset allocation of the Schemes portfolio.

Type of Instruments Minimum Allocation
(% of Net Assets)		 Minimum Allocation
(% of Net Assets)		 Risk Profile of the Instrument
Equity & Equity related instruments 70 100 High
Fixed Income Securities
(including money market instruments)		 0 30 Low
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Investment Strategy
The investment strategy of the Scheme is to build and maintain a diversified portfolio of equity stocks that have the potential to appreciate in the long run. Companies identified for selection in the portfolio will have demonstrated a potential ability to grow at a reasonable rate for the long term.

The aim will be to build a portfolio that adequately reflects a cross-section of the growth areas of the economy from time to time. While the portfolio focuses primarily on a buy and hold strategy at most times, it will balance the same with a rational approach to selling when the valuations become too demanding even in the face of reasonable growth prospects in the long run.
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Fund Manager
Mr. Srinivas Rao Ravuri (since Apr 3, 06)
Mr. Anand Laddha - Dedicated Fund Manager - Foreign Securities
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Portfolio - Holdings (as on June 30, 2010)
Company / IssuerIndustry+ / Rating% to NAV
EQUITY & EQUITY RELATED  
Oil & Natural Gas Corporation Ltd.Oil6.14
State Bank of IndiaBanks5.73
Zee Entertainment Enterprises Ltd.Media & Entertainment4.72
Bharat Petroleum Corporation Ltd.Petroleum Products4.33
ITC Ltd.Consumer Non Durables4.33
ICICI Bank Ltd.Banks4.33
GAIL (India) Ltd.Gas4.18
Britannia Industries Ltd.Consumer Non Durables3.94
Crompton Greaves Ltd.Industrial Capital Goods3.82
NTPC Ltd.Power 3.74
Total of Top Ten Equity Holdings 45.26
Total Equity & Equity Related Holdings 93.89
Total Credit Exposures (aggregated holdings in a single issuer) 0.00
Cash, Cash Equivalents and Net Current Assets 6.11
Grand Total 100.00
Net Assets (Rs. In Lakhs) 112909.18
 Note  : $ Sponsor
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Returns
HDFC Long Term Equity Fund(NAV as at evaluation date 30-June-2010, Rs. 15.247 Per unit)
DatePeriodNAV Per Unit (Rs.)Returns (%) ^Benchmark Returns (%) #
March 30, 2007Last 1188 days10.7511.33**10.65**
December 30, 2009Last Six months (182 days)14.0748.33*2.77*
June 30, 2009Last 1 Year (365 days)10.82340.88*23.8*
June 29, 2007Last 3 Years (1097 days)12.0908.03**7.14**
June 30, 2005Last 5 Years (1826 days)N.AN.A.N.A.
June 30, 2000Last 10 Years (3652 days)N.AN.A.N.A.
February 10, 2006Since Inception (1601 days)10.00010.09**13.68**

* Absolute Returns    ** Compounded Annualised Returns
# S&P CNX Nifty
^ Past performance may or may not be sustained in the future

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