HDFC Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 12.4 as on 02-06-2023
Fund Performance
1122 people have invested ₹ 50.7L in HDFC Banking & Financial Services Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Tata Banking & Financial Services Fund Direct Growth has given 28.36% return, outperforming HDFC Banking & Financial Services Fund Direct Growth by 2.48%
HDFC Banking & Financial Services Fund Direct Growth has one of the lowest expense ratio in the category (sector - financial services). Its expense ratio is 0.41% which is lower than the category average expense ratio of 1.01%
Over the last 1 month, HDFC Banking & Financial Services Fund Direct Growth has experienced a 4.4% growth in AUM moving from 2.52K Cr to 2.63K Cr
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 Priya Ranjan, Anand Laddha. The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Banking & Financial Services Fund Direct Growth has a NAV of ₹12.4 as on 02-06-2023.
- HDFC Banking & Financial Services Fund Direct Growth has ₹2632 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
- The fund has an expense ratio 0.4.
HDFC Banking & Financial Services Fund Direct Growth Overview
 | 0.41% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹2632 Cr |
 | 1 July, 2021 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 8.6% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
79.6%
Mid cap
10.5%
Small cap
9.5%
Sector Allocation
Financial Services
100%
Top Holdings of HDFC Banking & Financial Services Fund Direct Growth as on (31-May-23)
Equity Holdings26
HDFC Banking & Financial Services Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.59% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund outperformed Nifty 500 by 1.32% in Apr'23
AUM Change
- AUM of the fund stands at 2.6K Cr as of Apr'23
- AUM increased by 110.7 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in HDFC Banking & Financial Services Fund Direct Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 9.8% |
 HDFC Bank Ltd | 4.8% |
 ICICI Bank Ltd | 3.8% |
Top Losers | 1M Return |
|---|---|
Five-Star Business Finance Ltd | -6.1% |
PB Fintech Ltd | -3.6% |
 Axis Bank Ltd | -0.5% |
Peer Analysis
HDFC Banking & Financial Services Fund Direct Growth Fund Manager
Priya Ranjan
Fund Manager of HDFC Banking & Financial Services Fund Direct Growth, since 1 May 2022
Top funds managed
Anand Laddha
Fund Manager of HDFC Banking & Financial Services Fund Direct Growth, since 1 July 2021
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.22% since inception which is less than its category average return of 26.6%
Fund Allocations
This fund has an allocation of 99.62% in Equity, 0% in Debt and 0.38% in Cash related instruments
AUM size ₹2632 Cr
This fund has AUM of ₹2632 Cr which is more than its category average of ₹ 1398 Cr
Expense Ratio 0.41%
This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.51%
Frequently Asked Questions
The current NAV of HDFC Banking & Financial Services Fund Direct Growth is ₹12.37 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
HDFC Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.49% | 3.49% |
6 Month Returns | 4.32% | 4.32% |
1 Year Returns | 25.89% | 25.89% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.41% as on May 2023
₹2632 Cr as on May 2023
HDFC Bank Ltd(19.23%), ICICI Bank Ltd(18.51%), Housing Development Finance Corp Ltd(11.33%), Axis Bank Ltd(8.82%), State Bank of India(8.24%) as on May 2023
The alpha ratio for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 6.22 | - | - |
As on May 2023
The alpha for HDFC Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 0.95 | - | - |
As on May 2023
The Beta for HDFC Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 1.03 | - | - |
As on May 2023
The sharpe ratio for HDFC Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Banking & Financial Services Fund Direct Growth | 18.22 | - | - |
As on May 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Priya Ranjan, Anand Laddha are the fund managers of HDFC Banking & Financial Services Fund Direct Growth
The Exit load of HDFC Banking & Financial Services Fund Direct Growth is 1%