HDFC Capital Builder Fund
The Investment Objective of the Scheme is to achieve capital appreciation in the long term.
Basic Scheme Information
|Nature of Scheme
||Open Ended Growth Scheme|
||February 01, 1994|
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.
(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.
(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.
|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.
|Net Asset Value Periodicity
||Every Business Day.|
||Normally dispatched within 3-4 Business days|
(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 0.37%.
(#) Any change in the expense ratio will be updated within two working days.
|Dividend Option||22 May 2013||20.1910|
|Growth Option||22 May 2013||117.2610|
|Direct Plan - Dividend Option||22 May 2013||20.2360|
|Direct Plan - Growth Option||22 May 2013||117.4820|
The asset allocation under the Scheme will be as follows :
||(% of Portfolio)
||Equities and Equity Related Instruments
||Medium to High|
||Debt & Money Market Instruments
||Not more than 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 and guidelines.
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.
This Scheme aims to achieve its objectives by investing in strong companies at prices which are below fair value in the opinion of the fund managers.
The Scheme defines a "strong company" as one that has the following characteristics :
- strong management, characterized by competence and integrity
- strong position in its business (preferably market leadership)
- efficiency of operations, as evidenced by profit margins and asset turnover, compared to its peers in the industry
- working capital efficiency
- consistent surplus cash generation
- high profitability indicators (returns on funds employed)
In common parlance, such companies are also called 'Blue Chips'.
The Scheme defines "reasonable prices" as :
- a market price quote that is around 30% lower than its value, as determined by the discounted value of its estimated future cash flows
- a P/E multiple that is lower than the company's sustainable Return on funds employed
- a P/E to growth ratio that is lower than those of the company's competitors
- in case of companies in cyclical businesses, a market price quote that is around 50% lower than its estimated replacement cost
Note : The Scheme does not consider it essential for all companies in the portfolio to satisfy all these criteria. These are used as guidelines for assessing the valuation of companies.
Mr. Chirag Setalvad (since April 2, 07)
Mr. Miten Lathia (since May 10, 2012)
Mr. Miten Lathia - Dedicated Fund Manager - Foreign Securities
Portfolios - Holdings
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