HDFC Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 19-11-2024
₹ 16.07
▲0.1%
1D
Inception Returns
15.2%
/yr
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 . The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Banking & Financial Services Fund Direct Growth has ₹3650 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
HDFC Banking & Financial Services Fund Direct Growth has given a CAGR return of 15.19% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 17.89% and 13.52% respectively.
Holdings
HDFC Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health. 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Historical NAV & Returns
Annualised
▲
▼
2056 people have invested ₹ 85.1L in HDFC Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank for HDFC Banking & Financial Services Fund Direct Growth
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IND ranking is not available for this fund.
Among most bought funds within the category
No bad points found for this fund.
HDFC Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3650 Cr |
| Inception Date | 1 July, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 22.33% |
| STCG | Redeeming 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 |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
67%
Small cap
20.5%
Mid cap
11.3%
Sector Allocation
Financial Services
98.6%
Health
1.4%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.29% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 3.22% in Oct'24
- AUM of the fund stands at 3.7K Cr as of Oct'24
- AUM decreased by 92 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Nippon Life India Asset Management Ltd Ordinary Shares's allocation increased from 0.78% to 1.62%
ICICI Bank Ltd's allocation increased from 17.37% to 18.07%
HDFC Bank Ltd's allocation increased from 20.78% to 21.23%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 7.08 % to 6.83 %
Five-Star Business Finance Ltd's allocation decreased from 2.96 % to 2.76 %
SBI Life Insurance Co Ltd's allocation decreased from 2.96 % to 2.67 %
Mid Cap allocation has gone up from 10.8% to 11.3%
Large Cap allocation has gone down from 67.1% to 67%
Small Cap allocation has gone up from 20.1% to 20.5%
Cash allocation has gone up from 0.2% to 0.4%
Top 2 Sectors in October were Financial Services, Health
Oct'24
Financial Services
99%
Health
1%
Sep'24
Financial Services
98%
Health
1%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Max Financial Services Ltd | 3% |
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Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com
HDFC Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.19% since inception which is more than its category average return of 14.37%
Fund Allocations
This fund has an allocation of 99.58% in Equity, 0% in Debt and 0.42% in Cash related instruments
AUM size ₹3650 Cr
This fund has AUM of ₹3650 Cr which is more than its category average of ₹ 1738 Cr
Expense Ratio 0.74%
This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for HDFC Banking & Financial Services Fund Direct Growth
The current NAV of HDFC Banking & Financial Services Fund Direct Growth is ₹16.07 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
HDFC Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.5% | -4.5% |
6 Month Returns | 5.75% | 5.75% |
1 Year Returns | 17.89% | 17.89% |
3 Years Returns | 46.28% | 13.52% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.74% as on October 2024
₹3650 Cr as on October 2024
HDFC Bank Ltd(21.23%), ICICI Bank Ltd(18.07%), Axis Bank Ltd(6.83%), State Bank of India(6.29%), Five-Star Business Finance Ltd(2.76%) as on October 2024
The alpha ratio for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 2.7 | 4.68 | - |
As on October 2024
The alpha for HDFC Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 0.89 | 0.96 | - |
As on October 2024
The Beta for HDFC Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 1.39 | 0.58 | - |
As on October 2024
The sharpe ratio for HDFC Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 12.81 | 15.01 | - |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.02 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.14 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of HDFC Banking & Financial Services Fund Direct Growth is 1%