Hybrid
Direct
Equity Savings
NAV as on 04-09-2024
₹ 71.17
Inception Returns
11%
/yr
HDFC Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Srinivasan Ramamurthy, Anil Bamboli. This fund gives you the benefit of diversification.
HDFC Equity Savings Fund Direct Growth has given a CAGR return of 11.00% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.19%, 11.76% and 13.25% respectively.
HDFC Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Industrial, Consumer Defensive, Basic Materials, Health, Tech, Energy, Utilities, Communication, Securitize.
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
To provide capital appreciation by investing in Equity & equity related instruments, Arbitrage opportunities, and Debt & money market instruments. There is no assurance that the investment objective of the Scheme will be realized.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Equity Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.94% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹4873 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 22.38% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderately High risk |
as on (04-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Corporate & Government
HDFC Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.15% | 1.15% |
6 Month Returns | 7.88% | 7.88% |
1 Year Returns | 19.19% | 19.19% |
3 Years Returns | 39.58% | 11.76% |
5 Years Returns | 86.33% | 13.25% |
AAA | 80.57 |
AA | 19.43 |