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HDFC Capital Builder 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 in the long term.
Basic Scheme Information
| Nature of Scheme |
Open Ended Growth Scheme |
| Inception Date |
February 01, 1994 |
| 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. |
| 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 | 25.6060 | | Growth Option | 29 Jul 2010 | 105.7060 |
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 |
Upto 100% |
Medium to High |
| 2 |
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.
Investment Strategy
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.
Fund Manager
Mr. Chirag Setalvad (since Apr 2, 07)
Mr. Anand Laddha - Dedicated Fund Manager - Foreign Securities
| Portfolio - Holdings (as on June 30, 2010) | | Company | Industry+ | % to NAV | | EQUITY & EQUITY RELATED | | | | Ipca Laboratories Ltd. | Pharmaceuticals | 5.99 | | Reliance Industries Ltd. | Petroleum Products | 5.16 | | State Bank of India | Banks | 4.87 | | Bank of Baroda | Banks | 3.88 | | Axis Bank Ltd | Banks | 3.53 | | Tata Consultancy Services Ltd. | Software | 3.44 | | Oil India Ltd. | Oil | 3.42 | | Biocon Ltd. | Pharmaceuticals | 3.40 | | Bharat Petroleum Corporation Ltd. | Petroleum Products | 3.39 | | Blue Star Ltd. | Consumer Durables | 3.38 | | Total of Top Ten Equity Holdings | | 40.46 | | Total Equity & Equity Related Holdings | | 94.22 | | Credit Exposures (aggregated holdings in a single issuer) | | 0.19 | | Cash, Cash Equivalents and Net Current Assets | | 5.59 | | Grand Total | | 100.00 | | Net Assets (Rs. In Lakhs) | | 63331.91 |
Note : $ Sponsor
Returns
| HDFC Capital Builder Fund | (NAV as at evaluation date 30-June-2010, Rs. 103.58 Per unit) | | Date | Period | NAV Per Unit (Rs.) | Returns (%) ^ | Benchmark Returns (%) #
| | March 30, 2007 | Last 1188 days | 60.3 | 18.08** | 11.02**
| | December 30, 2009 | Last Six months (182 days) | 92.115 | 12.45* | 2.64*
| | June 30, 2009 | Last 1 Year (365 days) | 69.34 | 49.38* | 27.41*
| | June 29, 2007 | Last 3 Years (1097 days) | 73.270 | 12.21** | 6.82**
| | June 30, 2005 | Last 5 Years (1826 days) | 37.474 | 22.54** | 18.31**
| | June 30, 2000 | Last 10 Years (3652 days) | 13.600 | 22.5** | 15.2**
| | February 1, 1994 | Since Inception (5993 days) | 10.000 | 15.3** | 9.07**
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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.) | 197,000 | 120,000 | 60,000 | 36,000 | 12,000
| | Market Value as on June 30, 2010 (Rs.) | 1,475,002.76 | 563,205.46 | 100,851.41 | 53,904.73 | 15,805.33
| | Returns (Annualised)*(%) | 21.62% | 29.09% | 20.89% | 28.06% | 63.67%
| | Benchmark Returns (Annualised)(%)# | 15.53% | 21.47% | 15.29% | 18.52% | 37.73%
| | Market Value of SIP in Benchmark# | 810,850.49 | 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 Capital Builder Fund is February 1, 1994
* 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
# 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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