HDFC Nifty 100 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 10.7 as on 02-06-2023
Fund Performance
704 people have invested ₹ 13.7L in HDFC Nifty 100 Equal Weight Index Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Sundaram Nifty 100 Equal Wgt Dir Gr has given 11.7% return, outperforming HDFC Nifty 100 Equal Weight Index Fund Direct Growth by 0.7%
HDFC Nifty 100 Equal Weight Index Fund Direct Growth has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.74%
HDFC Nifty 100 Equal Weight Index Fund Direct Growth with AUM at ₹71.84Cr is among the largest funds in the index funds category
Over the last 6 months, HDFC Nifty 100 Equal Weight Index Fund Direct Growth has experienced a 12.9% drop in AUM moving from 82.49 Cr to 71.85 Cr
About the Fund
HDFC Nifty 100 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 23 February, 2022. The fund is managed by Nirman Morakhia, Arun Agarwal, Krishan Daga. The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC Nifty 100 Equal Weight Index Fund Direct Growth has a NAV of ₹10.7 as on 02-06-2023.
- HDFC Nifty 100 Equal Weight Index Fund Direct Growth has ₹72 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
- The fund has an expense ratio 0.4.
HDFC Nifty 100 Equal Weight Index Fund Direct Growth Overview
 | 0.4% |
 Benchmark | NIFTY 100 Equal Weighted Index TR INR |
 | ₹72 Cr |
 | 23 February, 2022 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 22% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
93.9%
Mid cap
6%
Sector Allocation
Financial Services
21.5%
Basic Materials
14.8%
Consumer Defensive
13.8%
Consumer Cyclical
12.4%
Industrial
9.1%
Utilities
6.7%
Energy
6.1%
Health
6%
Tech
5.5%
Communication
3%
Real Estate
1.1%
Top Holdings of HDFC Nifty 100 Equal Weight Index Fund Direct Growth as on (31-May-23)
Equity Holdings100
HDFC Nifty 100 Equal Weight Index Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.30% whereas the fund’s underlying benchmark Nifty 100 Equal Weight returns stands at -0.52% as on Apr'23
- This fund outperformed Nifty 100 Equal Weight by 0.82% in Apr'23
AUM Change
- AUM of the fund stands at 71.8 Cr as of Apr'23
- AUM increased by 1.2 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in HDFC Nifty 100 Equal Weight Index Fund Direct Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 24.9% |
 DLF Ltd | 17.9% |
 Bajaj Holdings & Investment Ltd | 17.7% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.2% |
 Shree Cement Ltd | -7.3% |
 Tech Mahindra Ltd | -7.2% |
Peer Analysis
HDFC Nifty 100 Equal Weight Index Fund Direct Growth Fund Manager
Nirman Morakhia
Fund Manager of HDFC Nifty 100 Equal Weight Index Fund Direct Growth, since 28 February 2023
Top funds managed
Arun Agarwal
Fund Manager of HDFC Nifty 100 Equal Weight Index Fund Direct Growth, since 4 March 2022
Top funds managed
Krishan Daga
Fund Manager of HDFC Nifty 100 Equal Weight Index Fund Direct Growth, since 23 February 2022
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 5.89% since inception which is less than its category average return of 9%
Fund Allocations
This fund has an allocation of 99.91% in Equity, 0% in Debt and 0.09% in Cash related instruments
AUM size ₹72 Cr
This fund has AUM of ₹72 Cr which is less than its category average of ₹ 494 Cr
Expense Ratio 0.4%
This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.57%
Frequently Asked Questions
The current NAV of HDFC Nifty 100 Equal Weight Index Fund Direct Growth is ₹10.74 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
HDFC Nifty 100 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.82% | 4.82% |
6 Month Returns | -0.46% | -0.46% |
1 Year Returns | 10.99% | 10.99% |
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.
0.4% as on May 2023
₹72 Cr as on May 2023
Zomato Ltd(1.21%), DLF Ltd(1.14%), Cholamandalam Investment and Finance Co Ltd(1.14%), Tata Motors Ltd(1.1%), Bank of Baroda(1.09%) as on May 2023
Financial Services(21.45%), Basic Materials(14.83%), Consumer Defensive(13.77%) as on May 2023
The alpha ratio for the HDFC Nifty 100 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Nifty 100 Equal Weight Index Fund Direct Growth | - | - | - |
As on May 2023
The alpha for HDFC Nifty 100 Equal Weight Index Fund Direct Growth is calculated against NIFTY 100 Equal Weighted Index TR 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 Nifty 100 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Nifty 100 Equal Weight Index Fund Direct Growth | - | - | - |
As on May 2023
The Beta for HDFC Nifty 100 Equal Weight Index Fund Direct Growth is calculated with NIFTY 100 Equal Weighted Index TR 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 Nifty 100 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Nifty 100 Equal Weight Index Fund Direct Growth | 0.27 | - | - |
As on May 2023
The sharpe ratio for HDFC Nifty 100 Equal Weight Index Fund Direct Growth is calculated with NIFTY 100 Equal Weighted Index TR 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 Nifty 100 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Nifty 100 Equal Weight Index Fund Direct Growth | 17.13 | - | - |
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.
Nirman Morakhia, Arun Agarwal, Krishan Daga are the fund managers of HDFC Nifty 100 Equal Weight Index Fund Direct Growth
The Exit load of HDFC Nifty 100 Equal Weight Index Fund Direct Growth is 0%