HDFC Banking & Financial Services Fund Direct Growth
NAV as on 28-03-2025
₹ 16.29
1D
Inception Returns
14.2%
/yr
Historical NAV & Returns
About HDFC Banking & Financial Services Fund Direct Growth
HDFC Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 July, 2021. The fund is managed by Anand Laddha. The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Banking & Financial Services Fund Direct Growth has ₹3478 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
- The fund has an expense ratio 1.
Returns
HDFC Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.21% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 12.38% and 17.77% respectively.
Holdings
HDFC Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Five-Star Business Finance Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of HDFC Banking & Financial Services Fund Direct Growth
To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services. There is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Banking & Financial Services Fund Direct Growth has no lock in period.
HDFC Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.96% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3478 Cr |
| Inception Date | 1 July, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 22.33% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for HDFC Banking & Financial Services Fund Direct Growth
Trailing Returns
as on (28-Mar-25)
Fund Distribution
as on (28-Feb-25)
- AUM of the fund stands at 3.5K Cr as of Feb'25
- AUM decreased by 91.1 Cr between Feb'25 and Jan'25
Top 3 Sectors in February were Financial Services, Health & Tech
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 7.4% |
 Shriram Finance Ltd | 5.6% |
 Bajaj Finance Ltd | 3.7% |
HDFC Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹3478 Cr
Expense Ratio 0.96%
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Frequently Asked Questions for HDFC Banking & Financial Services Fund Direct Growth
HDFC Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.41% | 6.41% |
6 Month Returns | -6.21% | -6.21% |
1 Year Returns | 12.38% | 12.38% |
3 Years Returns | 63.32% | 17.77% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | -8.36 | 3.43 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 1.12 | 0.94 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | -0.05 | 0.64 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 12.62 | 14.03 | - |