HDFC Nifty Private Bank ETF Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 23-12-2024
₹ 25.12
1D
Inception Returns
54.4%
/yr
About HDFC Nifty Private Bank ETF Fund Direct Growth
HDFC Nifty Private Bank ETF Fund Direct Growth is an equity fund. This fund was started on 14 November, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Nifty Private Bank ETF Fund Direct Growth has ₹318 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
HDFC Nifty Private Bank ETF Fund Direct Growth has given a CAGR return of 54.42% since inception. Over the last 1 year the fund has given a CAGR return of -89.90%.
Holdings
HDFC Nifty Private Bank ETF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, IndusInd Bank 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 Nifty Private Bank ETF Fund Direct Growth
The investment objective of the Scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY Private Bank Index, subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. HDFC Nifty Private Bank ETF Fund Direct Growth has no lock in period.
Historical NAV & Returns
HDFC Nifty Private Bank ETF Fund Direct Growth Overview
| Expense ratio | 0.15% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹318 Cr |
| Inception Date | 14 November, 2022 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 24.38% |
| 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 (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.41% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.01% in Nov'24
- AUM of the fund stands at 317.4 Cr as of Nov'24
- AUM decreased by 13.2 Cr between Nov'24 and Oct'24
Top Sector in November was Financial Services
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 3% |
 Kotak Mahindra Bank Ltd | 1.4% |
HDFC Nifty Private Bank ETF Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹318 Cr
Expense Ratio 0.15%
Frequently Asked Questions for HDFC Nifty Private Bank ETF Fund Direct Growth
HDFC Nifty Private Bank ETF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.76% | -0.76% |
6 Month Returns | -4.47% | -4.47% |
1 Year Returns | -89.9% | -89.9% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | -93.76 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | 2.33 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | -0.91 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | 92.46 | - | - |