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HDFC Premier Multi-Cap Fund
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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 |
Dividend Plan,Growth Plan,The Dividend Plan 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. |
| 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 Plan | 29 Jul 2010 | 16.1710 | | Growth Plan | 29 Jul 2010 | 28.5180 |
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.
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.
Fund Manager
Mr. Vinay Kulkarni (since Nov 21, 06)
Mr. Anand Laddha - Dedicated Fund Manager - Foreign Securities
| Portfolio - Holdings (as on June 30, 2010) | | Company | Industry+ | % to NAV | | EQUITY & EQUITY RELATED | | | | Emami Ltd. | Consumer Non Durables | 7.00 | | Infosys Technologies Ltd. | Software | 6.71 | | ICICI Bank Ltd. | Banks | 5.94 | | Zee Entertainment Enterprises Ltd. | Media & Entertainment | 5.71 | | Oil & Natural Gas Corporation Ltd. | Oil | 4.55 | | Crompton Greaves Ltd. | Industrial Capital Goods | 4.51 | | Axis Bank Ltd. | Banks | 4.28 | | KEC International Ltd. | Power | 4.27 | | Container Corporation of India Ltd. | Transportation | 3.99 | | Sun Pharmaceutical Industries Ltd. | Pharmaceuticals | 3.69 | | Total of Top Ten Equity Holdings | | 50.65 | | Total Equity & Equity Related Holdings | | 97.84 | | Total Money Market Instrument & Other Credit Exposures (aggregated holdings in a single issuer) | | 0.00 | | Cash margin / Earmarked cash for Futures & Options | | 0.06 | | Other Cash, Cash Equivalents and Net Current Assets | | 2.10 | | Grand Total | | 100.00 | | Net Assets (Rs. In Lakhs) | | 50761.09 |
Note : $ Sponsor
Returns
| HDFC Premier Multi-Cap Fund | (NAV as at evaluation date 30-June-2010, Rs. 27.288 Per unit) | | Date | Period | NAV Per Unit (Rs.) | Returns (%) ^ | Benchmark Returns (%) #
| | March 30, 2007 | Last 1188 days | 17.631 | 14.36** | 11.02**
| | December 30, 2009 | Last Six months (182 days) | 24.963 | 9.31* | 2.64*
| | June 30, 2009 | Last 1 Year (365 days) | 18.576 | 46.9* | 27.41*
| | June 29, 2007 | Last 3 Years (1097 days) | 19.957 | 10.97** | 6.82**
| | June 30, 2005 | Last 5 Years (1826 days) | 10.802 | 20.35** | 18.31**
| | June 30, 2000 | Last 10 Years (3652 days) | N.A | N.A. | 15.2**
| | April 6, 2005 | Since Inception (1911 days) | 10.000 | 21.14** | 18.63**
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* Absolute Returns ** Compounded Annualised Returns
# S&P CNX 500
^ Past performance may or may not be sustained in the future
$$ Adjusted for the dividends declared under the scheme prior to its splitting into the Dividend and Growth Plans
SIP Returns
| SIP Investments | Since Inception | 10 Year | 5 Year | 3 Year | 1 Year | | Total Amount Invested (Rs.) | 63,000 | N.A. | 60,000 | 36,000 | 12,000
| | Market Value as on June 30, 2010 (Rs.) | 103,192.89 | N.A. | 97,688.95 | 53,548.14 | 15,546.44
| | Returns (Annualised)*(%) | 18.84% | N.A. | 19.58% | 27.57% | 59.07%
| | Benchmark Returns (Annualised)(%)# | 14.81% | N.A. | 15.29% | 18.52% | 37.73%
| | Market Value of SIP in Benchmark# | 93,000.51 | N.A. | 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 Premier Multi-Cap Fund is April 6, 2005
* Load is not taken into consideration and the Returns are of Growth Plan / Option. Investors are advised to refer to the Relative Performance table furnished as above for non-SIP returns
# Benchmark - S & P CNX 500
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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