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HDFC Premier Multi-Cap Fund Print
Investment Objective | Scheme Information & NAV | Investment Pattern & Strategy | Portfolio | Returns and benchmarks | Systematic Investment Plan (SIP) Details | Fund Manager | Offer Document / Scheme Information Document (SID) | Application Form
Investment Objective
The primary objective of the Scheme is to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap `blue chip` companies.

Basic Scheme Information
Nature of Scheme Open Ended Growth Scheme
Inception Date April 06, 2005
Option/Plan

Existing Plan : Dividend Plan,Growth Plan,The Dividend Plan 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.

Please click here to go through the addendum.
Exit Load
(as a % of the Applicable NAV)
  • 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.
  • Introduction of Direct Plan - modification in the Exit Load provisions, click here to read.
Minimum Application Amount
(click here for SIP Details)
 For new investors :Rs.5000 and any amount thereafter.
For existing investors : Rs. 1000 and any amount thereafter.
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 0.51%.

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

Plan Name NAV Date NAV Amount
Dividend Plan20 May 201310.8580
Growth Plan20 May 201326.9990
Direct Plan - Dividend Option20 May 201310.8900
Direct Plan - Growth Option20 May 201327.0530
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Investment Pattern
Asset Allocation Pattern of the Scheme

Sr. No. Type of Instruments Minimum Allocation
(% of Net Assets)		 Maximum Allocation
(% of Net Assets)		 Risk Profile of the Instrument
1 Equity & Equity related instruments out of which
Large Cap
Mid Cap
85%
35%
35%
100%
65%
65%
Medium to High
Medium
Medium to High
2 Debt Securities (including securitised debt of upto 10% of the net assets) 0% 15% Low to Medium
3 Money Market Instruments 0% 15% Low

The Scheme may
  • use derivatives mainly for the purpose of hedging and portfolio balancing,
  • seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities,
  • engage in securities lending.
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Investment Strategy
The net assets of the Scheme will be invested primarily in equity and equity related instruments. The primary objective of the Scheme is to generate capital appreciation in the long term through equity investments in a diversified portfolio of Mid Cap and Large Cap `blue chip` companies.

As the name suggests, the Scheme will invest predominantly in `premier` or `blue chip` companies. A premier or blue chip company is typically a company with a successful track record, has reasonable competitive advantages in its business and has an able management.

It has been observed that while Mid Cap companies offer potential for higher returns, the risk associated with them is also higher. In order to manage the higher risk associated with Mid Caps, the following investment strategy is proposed for the Scheme:

Invest a minimum of 35% of the Scheme each in Large Caps and in Mid Caps. The balance of the Scheme will be a `swing portfolio` that can invest in either Mid Caps or Large Caps. The allocation of the swing portion between Large Caps and Mid Caps will be a function of the relative valuations of Large Caps vs Mid Caps.

Past experience suggests that at varying times, Mid Caps trade at varying discounts (and sometimes at a premium) to the Large Caps and this gives opportunities in terms of asset allocation between Mid Caps and Large Caps. The `swing` portion of the Scheme will invest in either Large Caps or Mid Caps depending on which is relatively more attractive.

This composition will, in our opinion, optimally combine the merits of targeting higher returns from Mid Cap companies, the risk control offered by investing in Large Caps and the additional returns that are targeted from the swing strategy.
To summarize this Scheme has three advantages:
  • Exposure to Mid Caps which have higher growth potential.
  • Control risk of Mid Caps by confining such investments to `premier` / `blue chip` companies; further exposure to Mid Caps will be increased only if they are relatively cheaper / more attractive than Large Caps
  • `Swing` portion to optimize asset allocation.
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Systematic Investment Plan (SIP) Details

Serial No. Scheme Name Minimum Application Amount(Rs.) Entry Load Exit Load
1 HDFC Premier Multi-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. Vinay Kulkarni (since Nov 21,2006)
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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