HDFC Nifty 100 Equal Weight Index Fund Direct Growth

HDFC Nifty 100 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 23 February, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. HDFC Nifty 100 Equal Weight Index Fund Direct Growth has ₹302 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

HDFC Nifty 100 Equal Weight Index Fund Direct Growth has given a CAGR return of 13.11% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -1.21% and 13.90% respectively.

HDFC Nifty 100 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Industrial, Health, Energy, Tech, Communication, Real Estate. Its top holdings are Bajaj Finance Ltd, Bajaj Finserv Ltd, Cholamandalam Investment and Finance Co Ltd, Maruti Suzuki India Ltd, Kotak Mahindra Bank Ltd

As it is a index funds 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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY 100 Equal Weight Index TRI (Underlying Index), subject to tracking error. 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 Nifty 100 Equal Weight Index Fund Direct Growth has no lock in period.