HDFC Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 21-01-2025
₹ 15.56
1D
Inception Returns
13.5%
/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 Anand Laddha. The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Banking & Financial Services Fund Direct Growth has ₹3657 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
HDFC Banking & Financial Services Fund Direct Growth has given a CAGR return of 13.52% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.22% and 13.82% 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 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
Absolute
▲
▼
2183 people have invested ₹ 91.3L in HDFC Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank for HDFC Banking & Financial Services Fund Direct Growth
Powered by IND quant engine
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 | 0.84% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3657 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 |
Trailing Returns
as on (21-Jan-25)
Fund Distribution
as on (30-Nov-24)
Large cap
66.3%
Small cap
20.6%
Mid cap
11.1%
Sector Allocation
Financial Services
97.9%
Health
1.3%
Tech
0.7%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.31% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.28% in Nov'24
- AUM of the fund stands at 3.7K Cr as of Dec'24
- AUM decreased by 30.7 Cr between Dec'24 and Nov'24
Small Cap allocation has gone up from 19.3% to 20.6%
Mid Cap allocation has gone down from 11.7% to 11.1%
Large Cap allocation has gone down from 67% to 66.3%
Cash allocation has gone down from 1.3% to 0.5%
Top 3 Sectors in December were Financial Services, Health & Tech
Dec'24
Financial Services
98%
Health
1%
Tech
Nov'24
Financial Services
99%
Health
1%
See all
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -8.4% |
 HDFC Bank Ltd | -8.3% |
 ICICI Bank Ltd | -4.9% |
Loading...
We are taking more time than usual
Anand Laddha
Fund Manager of HDFC Banking & Financial Services Fund Direct Growth, since 1 July 2021
Top funds managed
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹7.98L Cr
as on 29-Nov-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 13.52% since inception which is more than its category average return of 12.57%
Fund Allocations
This fund has an allocation of 99.48% in Equity, 0% in Debt and 0.52% in Cash related instruments
AUM size ₹3657 Cr
This fund has AUM of ₹3657 Cr which is more than its category average of ₹ 1752 Cr
Expense Ratio 0.84%
This fund has an expense ratio of 0.84% 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 ₹15.56 as on 21-Jan-2025.
Existing (Absolute + CAGR) as on 21-Jan-2025.
HDFC Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.57% | -4.57% |
6 Month Returns | -5.09% | -5.09% |
1 Year Returns | 8.22% | 8.22% |
3 Years Returns | 47.45% | 13.82% |
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.
0.84% as on December 2024
₹3657 Cr as on December 2024
HDFC Bank Ltd(21.65%), ICICI Bank Ltd(17.89%), Axis Bank Ltd(6.51%), State Bank of India(6.09%), Five-Star Business Finance Ltd(3.42%) as on December 2024
Financial Services(97.41%), Health(1.34%), Tech(0.74%) as on December 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 | 1.17 | 5.04 | - |
As on December 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 | 0.87 | 0.94 | - |
As on December 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 | 0.39 | 0.75 | - |
As on December 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 | 11.44 | 14.21 | - |
As on December 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 1.47 as on December 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.21 as on December 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Anand Laddha is the fund manager of HDFC Banking & Financial Services Fund Direct Growth
The Exit load of HDFC Banking & Financial Services Fund Direct Growth is 1%