HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl

Equity
Direct
Sector - Financial Services
HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl

About the Fund

HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl 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

  1. HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl has ₹3295 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl has given a CAGR return of 16.04% since inception. Over the last 1 year the fund has given a CAGR return of 22.11%.

Holdings

HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Power Finance Corp 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 benefit
Dividends 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 Reinvestment of Income Distribution cum capital wdrl

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 0.00 and for SIP is INR 0.00. HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.55%
Benchmark
S&P BSE BANKEX INR
AUM₹3295 Cr
Inception Date1 July, 2021
Min Lumpsum/SIP--/--
Exit Load
1%
Lock InNo Lock-in
TurnOver
23.85%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.5%

  • Debt & Cash 0.5%

Large cap
71.9%

Small cap
19.1%

Mid cap
8.5%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
98.7%
Tech
0.7%
Health
0.6%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.04% since inception which is less than its category average return of 18.05%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.51% in Equity, 0% in Debt and 0.49% in Cash related instruments
AUM size ₹3295 Cr

AUM size ₹3295 Cr

This fund has AUM of ₹3295 Cr which is more than its category average of ₹ 1523 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl is ₹15.38 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl
Absolute Returns
CAGR Returns
1 Month Returns
7.43%
7.43%
6 Month Returns
6.7%
6.7%
1 Year Returns
22.11%
22.11%
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.
0.55% as on May 2024
₹3295 Cr as on May 2024
HDFC Bank Ltd(20.87%), ICICI Bank Ltd(17.54%), Axis Bank Ltd(7.58%), State Bank of India(7.06%), Power Finance Corp Ltd(3.51%) as on May 2024
Financial Services(98.28%), Tech(0.62%), Health(0.61%) as on May 2024
The alpha ratio for the HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl
5.54
-
-
As on May 2024
The alpha for HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl 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 Reinvestment of Income Distribution cum capital wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl
0.74
-
-
As on May 2024
The Beta for HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl 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 Reinvestment of Income Distribution cum capital wdrl 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 Reinvestment of Income Distribution cum capital wdrl
0.74
-
-
As on May 2024
The sharpe ratio for HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl 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 Reinvestment of Income Distribution cum capital wdrl 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 Reinvestment of Income Distribution cum capital wdrl
13.24
-
-
As on May 2024
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.
The Exit load of HDFC Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum capital wdrl is 1%