Hybrid
Direct
Retirement
NAV as on 06-09-2024
₹ 57.39
1D
Inception Returns
22.7%
/yr
HDFC Retirement Savings Fund Equity Direct Growth is a hybrid fund. This fund was started on 25 February, 2016. The fund is managed by Srinivasan Ramamurthy, Shobhit Mehrotra. This fund gives you the benefit of diversification.
HDFC Retirement Savings Fund Equity Direct Growth has given a CAGR return of 22.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.13%, 23.31% and 27.67% respectively.
HDFC Retirement Savings Fund Equity Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Securitize, Consumer Cyclical, Health, Tech, Consumer Defensive, Energy, Basic Materials, Communication, Utilities.
As it is a retirement 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).
The investment objective of the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity and debt instruments to help investors meet their retirement goals. 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. There is a lock in period for HDFC Retirement Savings Fund Equity Direct Growth of 5 Years
Expense ratio | 0.67% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹5852 Cr |
Inception Date | 25 February, 2016 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | 5 Years |
TurnOver | 11.82% |
STCG | Redeeming 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 |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Securitize
HDFC Retirement Savings Fund Equity Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.64% | 4.64% |
6 Month Returns | 16.92% | 16.92% |
1 Year Returns | 36.13% | 36.13% |
3 Years Returns | 87.49% | 23.31% |
5 Years Returns | 239.22% | 27.67% |