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HDFC Top 200 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
To generate long term capital appreciation from a portfolio of equity and equity-linked instruments primarily drawn from the companies in BSE 200 index.
Basic Scheme Information
| Nature of Scheme |
Open Ended Growth Scheme |
| Inception Date |
October 11, 1996 |
| 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 | 47.2820 | | Growth Option | 29 Jul 2010 | 200.0340 |
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% (including use of derivatives for hedging and other uses as permitted by prevailing SEBI Regulations) |
Medium to High |
| 2 |
Debt & Money Market Instruments |
Balance in Debt & Money Market Instruments |
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 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.
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 65% 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.
The Trustee may from time to time at their absolute discretion review and modify the strategy, provided such modification is in accordance with the Regulations or in the event of a discontinuation of or change in the compilation or the constituents of the BSE 200 Index.
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
The investment strategy of primarily restricting the equity portfolio to the BSE 200 Index scrips is intended to reduce risks while maintaining steady growth. Stock specific risk will be minimised by investing only in those companies / industries that have been thoroughly researched by the investment manager's research team. Risk will also be reduced through a diversification of the portfolio
Fund Manager
Mr. Prashant Jain (since Jun19, 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 | 6.60 | | Infosys Technologies Ltd. | Software | 5.65 | | Oil & Natural Gas Corporation Ltd. | Oil | 4.73 | | Larsen & Toubro Ltd. | Construction Project | 4.10 | | ICICI Bank Ltd. | Banks | 4.10 | | Bank of Baroda | Banks | 3.73 | | ITC Ltd. | Consumer Non Durables | 3.59 | | Reliance Industries Ltd. | Petroleum Products | 3.40 | | GAIL (India) Ltd. | Gas | 2.91 | | LIC Housing Finance Ltd. | Finance | 2.79 | | Total of Top Ten Equity Holdings | | 41.60 | | Total Equity & Equity Related Holdings | | 98.68 | | Total Money Market Instrument & Other Credit Exposures (aggregated holdings in a single issuer) | | 0.00 | | Cash margin / Earmarked cash for Futures & Options | | 0.01 | | Other Cash, Cash Equivalents and Net Current Assets | | 1.31 | | Grand Total | | 100.00 | | Net Assets (Rs. In Lakhs) | | 802046.38 |
Note : $ Sponsor
Returns
| HDFC Top 200 Fund | (NAV as at evaluation date 30-June-2010, Rs. 194.604 Per unit) | | Date | Period | NAV Per Unit (Rs.) | Returns (%) ^ | Benchmark Returns (%) #
| | March 30, 2007 | Last 1188 days | 104.504 | 21.05** | 11.95**
| | December 30, 2009 | Last Six months (182 days) | 179.686 | 8.3* | 3.64*
| | June 30, 2009 | Last 1 Year (365 days) | 143.761 | 35.37* | 27.22*
| | June 29, 2007 | Last 3 Years (1097 days) | 120.340 | 17.34** | 7.58**
| | June 30, 2005 | Last 5 Years (1826 days) | 57.343 | 27.67** | 19.47**
| | June 30, 2000 | Last 10 Years (3652 days) | 16.970 | 27.61** | 15.87**
| | October 11, 1996 | Since Inception (5010 days) | 10.000 | 25.95** | 15.43**
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* Absolute Returns ** Compounded Annualised Returns
# BSE 200
^ 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.) | 165,000 | 120,000 | 60,000 | 36,000 | 12,000
| | Market Value as on June 30, 2010 (Rs.) | 1,445,456.73 | 699,227.52 | 110,073.67 | 54,516.45 | 15,066.45
| | Returns (Annualised)*(%) | 28.28% | 33.11% | 24.52% | 28.90% | 50.62%
| | Benchmark Returns (Annualised)(%)# | 18.13% | 21.84% | 16.15% | 18.99% | 39.16%
| | Market Value of SIP in Benchmark# | 644,079.44 | 380,424.99 | 89,827.56 | 47,585.73 | 14,402.68
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Past performance may or may not be sustained in the future Inception Date of HDFC Top 200 Fund is October 11, 1996
* 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 - BSE 200
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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