HDFC Equity Savings Fund Direct Growth

HDFC Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 04-12-2024

₹ 71.32

0.4%

1D

Inception Returns

10.8%

/yr

About HDFC Equity Savings Fund Direct Growth

HDFC Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Srinivasan Ramamurthy, Anil Bamboli. This fund gives you the benefit of diversification.

Key Parameters

  1. HDFC Equity Savings Fund Direct Growth has ₹5463 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

HDFC Equity Savings Fund Direct Growth has given a CAGR return of 10.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.51%, 11.32% and 12.35% respectively.

Holdings

HDFC Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Consumer Cyclical, Corporate, Industrial, Health, Consumer Defensive, Basic Materials, Tech, Energy, Utilities, Communication, Securitize.

Taxation

As it is a equity savings 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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of HDFC Equity Savings Fund Direct Growth

To provide capital appreciation by investing in Equity & equity related instruments, Arbitrage opportunities, and Debt & money market instruments. 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 Equity Savings Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
781 people have invested ₹ 4.3Cr in HDFC Equity Savings Fund Direct Growth in the last three months

INDmoney Rank for HDFC Equity Savings Fund Direct Growth

Powered by IND quant engine
6
/12
13% Performance
84% Risk Management
45% Cost
6 out of 12 among equity savings

HDFC Equity Savings Fund Direct Growth Overview

Expense ratio0.91%
Benchmark
NIFTY Equity Savings TR INR
AUM₹5463 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
22.38%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (04-Dec-24)

Period
HDFC Equity Savings Fund Direct Growth
Equity Savings Index
1M
0.6%
1.1%
3M
0.1%
0.6%
6M
4.6%
5.1%
1Y
15.5%
13.8%
3Y
11.3%
9.4%
5Y
12.4%
10.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 32.9%

  • Debt & Cash 67.1%

Large cap
56%

Mid cap
4.1%

Small cap
3.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
33.7%
Consumer Cyclical
16.1%
Industrial
9.1%
Health
8.4%
Consumer Defensive
8%
Basic Materials
6.6%
Tech
5.5%
Energy
5.5%
Utilities
4.2%
Communication
2.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 5.5K Cr
₹ 5.3K Cr
₹ 5.1K Cr
  • AUM of the fund stands at 5.5K Cr as of Oct'24
  • AUM increased by 160.6 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Government & Corporate

Oct'24
Financial Services
34%
Government
17%
Consumer Cyclical
16%
Sep'24
Financial Services
33%
Government
16%
Corporate
16%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
142
139
132
Top 5 Company Concentration
21.3%
22.4%
21.9%
Company having highest exposure
HDFC Bank Ltd (8.2%)
HDFC Bank Ltd (8.1%)
HDFC Bank Ltd (8.1%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
91.3%
89.5%
94.1%
Sector having highest exposure
Financial Services (33.7%)
Financial Services (32.9%)
Financial Services (32.8%)
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Srinivasan Ramamurthy
Srinivasan Ramamurthy
Fund Manager of HDFC Equity Savings Fund Direct Growth, since 14 December 2021
Anil Bamboli
Anil Bamboli
Fund Manager of HDFC Equity Savings Fund Direct Growth, since 17 September 2004
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.91% which is lower than the category average expense ratio of 1.05%.
Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 14.43% return, outperforming this fund by 3.11% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 17.3% moving from 1.10 to 0.91.
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In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.82% return, outperforming this fund by 9.31%.
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Over the last 6 months, this fund has experienced a 30.7% growth in AUM moving from 4.18K Cr to 5.46K Cr.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.78% return, outperforming this fund by 2.43% per annum.

HDFC Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 10.77% since inception which is more than its category average return of 8.49%
Fund Allocations

Fund Allocations

This fund has an allocation of 32.92% in Equity, 23.24% in Debt and 43.84% in Cash related instruments
AUM size ₹5463 Cr

AUM size ₹5463 Cr

This fund has AUM of ₹5463 Cr which is more than its category average of ₹ 1688 Cr
Expense Ratio 0.91%

Expense Ratio 0.91%

This fund has an expense ratio of 0.91% which is less than its category average expense ratio of 1.13%

Frequently Asked Questions for HDFC Equity Savings Fund Direct Growth

The current NAV of HDFC Equity Savings Fund Direct Growth is ₹71.32 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
HDFC Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
4.58%
4.58%
1 Year Returns
15.51%
15.51%
3 Years Returns
37.96%
11.32%
5 Years Returns
79.02%
12.35%
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0.91% as on November 2024
₹5463 Cr as on November 2024
HDFC Bank Ltd(8.24%), ICICI Bank Ltd(4.73%), United Spirits Ltd(3.21%), Axis Bank Ltd(2.71%), Titan Co Ltd(2.45%) as on November 2024
Cash Equivalent(43.84%), Government(11.41%), Financial Services(11.1%) as on November 2024
AAA
83.13
AA
16.87
Srinivasan Ramamurthy, Anil Bamboli are the fund managers of HDFC Equity Savings Fund Direct Growth
The Exit load of HDFC Equity Savings Fund Direct Growth is 1%