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HDFC Equity Fund
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Value Research Rating
 *
IN EQUITY - DIVERSIFIED CATEGORY (177 schemes) for 3 and 5 year periods ending June 30, 2010
*Past performance is no guarantee of future results.
Please click here for details on the Rating Methodology.
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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 |
| Option/Plan |
Dividend Option,Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility. |
Entry Load
(purchase / additional purchase / switch-in)
(click here for SIP Details)
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NIL
(With effect from August 1, 2009)
Please click here to go through the addendum. |
Exit Load
(as a % of the Applicable NAV)
(click here for SIP Details)
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- In respect of each purchase / switchin 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.
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Minimum Application Amount
(click here for SIP Details)
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For new investors :Rs.5000 and any amount thereafter .
For existing investors : Rs. 1000 and any amount thereafter.
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| Lock-In-Period |
Nil |
| Net Asset Value Periodicity |
Every Business Day. |
| Redemption Proceeds |
Normally despatched within 3 business 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. |
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Plan Name |
NAV Date |
NAV Amount |
| Dividend Option | 29 Jul 2010 | 48.3410 | | Growth Option | 29 Jul 2010 | 263.0310 |
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. Also refer to the Section on Policy on off-shore Investments by the Scheme(s).
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.
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 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 cross-section 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.
Fund Manager
Mr. Prashant Jain (since Jun 19, 03)*
Mr. Anand Laddha - Dedicated Fund Manager - Foreign Securities
| Portfolio - Holdings (as on June 30, 2010) | | Company | Industry+ | % to NAV | | EQUITY & EQUITY RELATED | | | | State Bank of India | Banks | 7.52 | | Oil & Natural Gas Corporation Ltd. | Oil | 6.67 | | Titan Industries Ltd. | Consumer Non Durables | 3.79 | | Bank of Baroda | Banks | 3.75 | | ICICI Bank Ltd. | Banks | 3.21 | | Infosys Technologies Ltd. | Software | 2.90 | | NTPC Limited | Power | 2.89 | | Larsen & Toubro Ltd. | Construction Project | 2.88 | | GAIL (India) Ltd. | Gas | 2.79 | | Zee Entertainment Enterprises Ltd. | Media & Entertainment | 2.76 | | Total of Top Ten Equity Holdings | | 39.16 | | Total Equity & Equity Related Holdings | | 99.48 | | Total Money Market Instrument & Other Credit Exposures (aggregated holdings in a single issuer) | | 0.00 | | Cash, Cash Equivalents and Net Current Assets | | 3.72 | | Grand Total | | 100.00 | | Net Assets (Rs. In Lakhs) | | 635543.39 |
Note : $ Sponsor
Returns
| HDFC Equity Fund | (NAV as at evaluation date 30-June-2010, Rs. 253.288 Per unit) | | Date | Period | NAV Per Unit (Rs.) | Returns (%) ^ | Benchmark Returns (%) #
| | March 30, 2007 | Last 1188 days | 142.602 | 19.3** | 11.02**
| | December 30, 2009 | Last Six months (182 days) | 230.248 | 10.01* | 2.64*
| | June 30, 2009 | Last 1 Year (365 days) | 172.871 | 46.52* | 27.41*
| | June 29, 2007 | Last 3 Years (1097 days) | 165.313 | 15.25** | 6.82**
| | June 30, 2005 | Last 5 Years (1826 days) | 73.768 | 27.96** | 18.31**
| | June 30, 2000 | Last 10 Years (3652 days) | 21.780 | 27.79** | 15.2**
| | January 1, 1995 | Since Inception (5659 days) | 10.000 | 23.18** | 10.25**
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* Absolute Returns ** Compounded Annualised Returns
# S&P CNX 500
^ Past performance may or may not be sustained in the future
SIP Returns
| SIP Investments | Since Inception | 10 Year | 5 Year | 3 Year | 1 Year | | Total Amount Invested (Rs.) | 186,000 | 120,000 | 60,000 | 36,000 | 12,000
| | Market Value as on June 30, 2010 (Rs.) | 2,684,940.38 | 705,267.56 | 111,260.07 | 56,947.13 | 15,645.34
| | Returns (Annualised)*(%) | 30.13% | 33.27% | 24.97% | 32.18% | 60.82%
| | Benchmark Returns (Annualised)(%)# | 16.49% | 21.47% | 15.29% | 18.52% | 37.73%
| | Market Value of SIP in Benchmark# | 763,894.65 | 372,994.12 | 87,946.38 | 47,274.70 | 14,318.88
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Past Performance may or may not be sustained in the future Inception Date of HDFC Equity Fund is January 1, 1995
# Benchmark - S&P CNX 500
* Load is not taken into consideration and the returns are of Growth Plan/Option. In case the SIP date falls on a non business day, the SIP is processed on the next business day
Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Please refer SIP Enrolment Form or contact nearest ISC for SIP Load Structure.
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