HDFC Banking & Financial Services Fund Direct Growth
NAV as on 23-04-2025
₹ 17.65
▲0.1%
1D
Inception Returns
16.3%
/yr
Historical NAV & Returns
Absolute
▲
▼
1862 people have invested ₹ 1Cr in HDFC Banking & Financial Services Fund Direct Growth in the last three months
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 ₹3722 Cr worth of assets under management (AUM) as on Mar 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 16.34% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 18.21% and 20.40% 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 | 1.04% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹3722 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
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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.
Trailing Returns
as on (23-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
67.4%
Small cap
16.4%
Mid cap
13.2%
Sector Allocation
Financial Services
98.5%
Health
1.1%
Tech
0.4%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.40% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.85% in Mar'25
- AUM of the fund stands at 3.7K Cr as of Mar'25
- AUM increased by 244.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 17.67% to 18.49%
Shriram Finance Ltd's allocation increased from 1.47% to 1.89%
State Bank of India's allocation increased from 5.54% to 5.8%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 22.24 % to 21.93 %
Five-Star Business Finance Ltd's allocation decreased from 3.54 % to 3.15 %
Bajaj Finance Ltd's allocation decreased from 3.07 % to 3 %
Mid Cap allocation has gone down from 14.4% to 13.2%
Large Cap allocation has gone up from 66.1% to 67.4%
Small Cap allocation has gone down from 18.7% to 16.4%
Cash allocation has gone up from 0.8% to 3%
Top 2 Sectors in March were Financial Services, Health
Mar'25
Financial Services
99%
Health
1%
Feb'25
Financial Services
99%
Health
1%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 21.93% | 0% | |
 ICICI Bank Ltd | 18.49% | 0% | |
 Axis Bank Ltd | 6.62% | 0% | |
 State Bank of India | 5.8% | 0% | |
 Five-Star Business Finance Ltd | 3.15% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
HDFC Banking & Financial Services Fund Direct Growth | 18.21% | 20.4% | - | 16.34% |
 Tata Banking & Financial Services Fund Direct Growth | 22.05% | 22.42% | 24.66% | 18.63% |
 SBI Banking & Financial Services Direct Growth | 21.7% | 20.86% | 25.43% | 16.05% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 19.67% | 20.76% | - | 19.05% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 9% |
 State Bank of India | 5.3% |
 ICICI Bank Ltd | 4.3% |
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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
₹7.63L Cr
as on 31-Mar-2025
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 16.34% since inception which is more than its category average return of 15.31%
Fund Allocations
This fund has an allocation of 97.01% in Equity, 0% in Debt and 2.99% in Cash related instruments
AUM size ₹3722 Cr
This fund has AUM of ₹3722 Cr which is more than its category average of ₹ 1926 Cr
Expense Ratio 1.04%
This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.33%
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5Y CAGR
▲ 36.22
5Y CAGR
▲ 32.42
5Y CAGR
▲ 31.89
5Y CAGR
▲ 29.38
Frequently Asked Questions for HDFC Banking & Financial Services Fund Direct Growth
The current NAV of HDFC Banking & Financial Services Fund Direct Growth is ₹17.65 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
HDFC Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 9.42% | 9.42% |
6 Month Returns | 6.82% | 6.82% |
1 Year Returns | 18.21% | 18.21% |
3 Years Returns | 74.51% | 20.4% |
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1.04% as on March 2025
₹3722 Cr as on March 2025
HDFC Bank Ltd(21.93%), ICICI Bank Ltd(18.49%), Axis Bank Ltd(6.62%), State Bank of India(5.8%), Five-Star Business Finance Ltd(3.15%) as on March 2025
Financial Services(95.6%), Health(1.04%), Tech(0.38%) as on March 2025
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 | -7.13 | 2.68 | - |
As on March 2025
The alpha for HDFC Banking & Financial Services Fund Direct Growth is calculated against Nifty Financial Services TR 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 | 1 | 0.91 | - |
As on March 2025
The Beta for HDFC Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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 | 0.42 | 0.72 | - |
As on March 2025
The sharpe ratio for HDFC Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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 | 13.89 | 14.33 | - |
As on March 2025
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 1.45 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.45 as on March 2025. 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%