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HDFC Focused Large-Cap Fund Print
Investment Objective
To achieve long term capital appreciation.

Basic Scheme Information
Nature of Scheme

Open - ended Equity Scheme w .e. f. February 10, 2011.

The Scheme was launched as HDFC Long Term Equity Fund, a 5 year close-ended equity scheme with automatic conversion into an Open-Ended scheme upon maturity. The Scheme was  converted into open-ended scheme on February 10, 2011. With effect from March 27, 2013, pursuant to change in the fundamental attributes, the scheme has been renamed as HDFC Focused Large-Cap Fund.

Inception Date

February 10, 2006

Plan/Option

Existing Plan : Dividend Option, Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.

Direct Plan (w.e.f. 01 Jan 2013) : Dividend Option, Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.

Entry Load
(For Lumpsum Purchases and investments through SIP/STP)
NIL
Unfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.
Exit Load
(as a % of the Applicable NAV)

(Including for investments through Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP))

For purchase/switch-in made on or after February 10, 2011:

In respect of each purchase /switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment.

No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.

No Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.
Minimum Application Amount
(Other than Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP))
Rs. 5,000 and any amount thereafter under each option.

Additional Purchase: Rs 1,000 and any amount thereafter under each option.
Lock-In-Period Nil
Net Asset Value Periodicity Every Business Day.
Redemption Proceeds Normally dispatched within 3-4 Business days
Tax Benefits
(As per present Laws)
Please click for details
Current Expense Ratio (#)
(Effective Date 01st October 2012)

On the first 100 crores daily net assets 2.50%
On the next 300 crores daily net assets 2.25%
On the next 300 crores daily net assets 2.00%
On the balance of the net assets 1.75%

In addition to the above a charge of 20 bps on the daily net assets plus a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets.

 

Excluding Service Tax on Investment Management Fees, if any. 

Direct Plan shall have a lower expense ratio by 0.49%.

(#) Any change in the expense ratio will be updated within two working days.



Plan Name NAV Date NAV Amount
Dividend Option19 May 2013 -
Growth Option19 May 2013 -
Direct Plan - Dividend Option19 May 2013 -
Direct Plan - Growth Option19 May 2013 -
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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)
Maximum Allocation
(% of Net Assets)
Risk Profile of the Instrument
Equity and
Equity Related
Instruments of
Large-cap
companies#
80 100 High
Debt securities
and money
market
instruments
0 20 Low

# of which top 10 stocks shall be at least 50% of the net assets
The Scheme will not invest in Securitised Debt

 

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Investment Strategy

The investment strategy of the Scheme is to build and maintain a diversified portfolio of “Large-cap Companies” that have the potential to appreciate in the long run. For the purpose of the Scheme, “Large-cap Companies” are those companies with market capitalization greater than or equal to that of the company with the lowest market capitalization in the CNX Nifty Index. 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 upon anticipated price appreciation being achieved or being no longer possible due to a change in fundamental factors affecting the company or the market in which it competes, or due to the availability of an alternative that, in the view of the Fund Manager, offers superior returns.
Also, the Scheme intends to invest and maintain at least 50% of its net assets in the top 10 equity and equity related instruments of its portfolio. The aforesaid strategy shall help create a portfolio of focused but diversified securities of large-cap companies.

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Systematic Investment Plan (SIP) Details

Serial No. Scheme Name Minimum Application Amount(Rs.) Entry Load Exit Load
1 HDFC Focused Large-Cap Fund- Dividend / Growth* Rs.500 for Monthly & Rs.1500 for Quarterly NIL
  • In respect of each purchase / switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment.
  • No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.
* SIP avaliable in Existing and Direct Plan
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Fund Manager
Mr Srinivas Rao Ravuri (Since February 10, 2006)
Mr. Rakesh Vyas - Dedicated Fund Manager - Foreign Securities
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Portfolios - Holdings
Please click here to view complete Scheme Portfolios
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