HDFC Banking & Financial Services Fund Direct Growth
About the Fund
HDFC Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 July, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Banking & Financial Services Fund Direct Growth has ₹3628 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
HDFC Banking & Financial Services Fund Direct Growth has given a CAGR return of 17.51% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 21.73% and 17.64% 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, 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 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.
INDmoney Rank
Fund Overview
| Expense ratio | 0.54% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹3628 Cr |
| Inception Date | 1 July, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 23.85% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 20.84% | 0% | |
 ICICI Bank Ltd | 17.04% | 0% | |
 Axis Bank Ltd | 7.5% | 0% | |
 State Bank of India | 6.55% | 0% | |
 IndusInd Bank Ltd | 3.11% | 0% |
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 4.8% |
HDFC Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹3628 Cr
Expense Ratio 0.54%
Frequently Asked Questions
HDFC Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.33% | 0.33% |
6 Month Returns | 14.66% | 14.66% |
1 Year Returns | 21.73% | 21.73% |
3 Years Returns | 62.81% | 17.64% |
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 Banking & Financial Services Fund Direct Growth | 8.92 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 0.8 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 1.41 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 12.38 | - | - |