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Products Home / Products / Equity / Growth Fund / HDFC Equity Fund
HDFC Equity Fund Print
This product is suitable for investors who are seeking*:
  • capital appreciation over long term.
  • investment predominantly in equity and equity related instruments of medium to large sized companies
  • high risk. (BROWN)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Note: Risk is represented as:

(BLUE) investors understand that their principal will be at low risk (YELLOW)) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Investment Objective
The investment objective of the Scheme is to achieve capital appreciation.

Basic Scheme Information
Nature of Scheme Open Ended Growth Scheme
Inception Date January 01, 1995

HDFC Equity Fund
HDFC Equity Fund – Direct Plan

Each Plan offers Growth Option and Dividend Option. Dividend Option offers Payout and Reinvestment Facilities.

Direct Plan is for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor.

Entry Load
(For Lumpsum Purchases and investments through SIP/STP)

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.

Please click here to go through the addendum.

Exit Load
(as a % of the Applicable NAV)
  • 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.
  • (i) No exit load shall be levied for switching between Options under the same Plan within a Scheme.
    (ii) Switch of investments to Direct Plan within the same Scheme shall be subject to applicable exit load, unless the investments were made without any distributor code.
    (iii) No exit load shall be levied for switch-out from Direct Plan to other Plan within the same Scheme. However, any subsequent switch-out or redemption of such investment from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan.
    (iv) Switch of investments between Plans under a Scheme having separate portfolios, will be subject to applicable exit load.
    (v) No exit load will be levied on Bonus Units and Units allotted on Dividend Re-investment.
Minimum Application Amount

For new investors :Rs.5000 and any amount thereafter .
For existing investors : Rs. 1000 and any amount thereafter.

For Monthly frequency, minimum SIP installment Rs. 500.

For Quarterly frequency, minimum SIP installment Rs. 1500.

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 0.80%.

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

Plan Name NAV Date NAV Amount
Direct Plan - Dividend Option19 Dec 201459.3610
Direct Plan - Growth Option19 Dec 2014470.5870
Dividend Option19 Dec 201458.5150
Growth Option19 Dec 2014464.2980
Investment Pattern
The asset allocation under the Scheme will be as follows :

Sr.No. Asset Type (% of Portfolio) Risk Profile
1 Equities and Equity Related Instruments 80 - 100 Medium to High
2 Debt & Money Market Instruments* 0 - 20 Low to Medium

*Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the scheme.

The Scheme may also invest upto 25% of net assets of the Scheme in derivatives such as Futures & Options and such other derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and other uses as may be permitted under the Regulations.

The Scheme may also invest a part of its corpus, not exceeding 40% of its net assets, in overseas markets in Global Depository Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and such other instruments as may be allowed under the Regulations from time to time.

Subject to the Regulations and the applicable guidelines, the Scheme may, engage in Stock Lending activities. Also refer to Section on Stock Lending by the Fund in the SID.

If the investment in equities and related instruments falls below 70% of the portfolio of the Scheme at any point in time, it would be endeavoured to review and rebalance the composition.

Notwithstanding anything stated above, subject to the regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It may be clearly understood that the percentages stated above are only indicative and are not absolute and that they can vary substantially depending upon the perception of the AMC, the intention being at all times to seek to protect the NAV of the scheme. Such changes will be for short term and defensive considerations. Provided further and subject to the above, any change in the asset allocation affecting the investment profile of the Scheme and amounting to a change in the Fundamental Attributes of the Scheme shall be effected in accordance with sub-regulation (15A) of regulation 18 of SEBI regulations.

Investment Strategy

In order to provide long term capital appreciation, the Scheme will invest predominantly in growth companies. Companies selected under this portfolio would as far as practicable consist of medium to large sized companies which:

  • are likely to achieve above average growth than the industry;
  • enjoy distinct competitive advantages, and
  • have superior financial strengths.

The aim will be to build a portfolio, which represents a crosssection of the strong growth companies in the prevailing market. In order to reduce the risk of volatility, the Scheme will diversify across major industries and economic sectors. A part of the funds may be invested in debt and money market instruments. The Scheme will retain the flexibility to invest in the entire range of debt instruments and money market instruments.
Investment in Debt securities (including securitised debt) and Money Market Instruments will be as per the limits in the asset allocation table of the Scheme, subject to permissible limits laid under SEBI (MF) Regulations.

Systematic Investment Plan (SIP) Details

Serial No. Scheme Name Minimum Application Amount(Rs.) Entry Load Exit Load
1 HDFC Equity 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
Fund Manager
Mr. Prashant Jain (since Jun 19, 03)
Mr. Rakesh Vyas - Dedicated Fund Manager - Foreign Securities
Portfolios - Holdings
Please click here to view complete Scheme Portfolios
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