HDFC Nifty 100 Equal Weight Index Fund Direct Growth
HDFC Nifty 100 Equal Weight Index Fund Direct Growth

HDFC Nifty 100 Equal Weight Index Fund Direct Growth

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Index Funds

NAV: ₹ 10.7 as on 02-06-2023

Fund Performance
zero opening, trading, fund transfer fee
704 people have invested ₹ 13.7L in HDFC Nifty 100 Equal Weight Index Fund Direct Growth in the last three months

Fund Insights

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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%

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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%

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HDFC Nifty 100 Equal Weight Index Fund Direct Growth with AUM at ₹71.84Cr is among the largest funds in the index funds category

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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

  1. HDFC Nifty 100 Equal Weight Index Fund Direct Growth has a NAV of ₹10.7 as on 02-06-2023.
  2. 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.
  3. The fund has an expense ratio 0.4.

HDFC Nifty 100 Equal Weight Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.4%
Benchmark
Benchmark
NIFTY 100 Equal Weighted Index TR INR
AUM
AUM
₹72 Cr
Inception Date
Inception Date
23 February, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
22%

Fund Distribution as on (30-Apr-23)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
93.9%
Mid cap
6%

Sector Allocation

Apr'23

Mar'23

Feb'23

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

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

Apr'23
Mar'23
Feb'23
Fund Returns
0.30%
0.30%
-3.47%
Nifty 100 Equal Weight
-0.52%
-0.52%
-1.77%
  • 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

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 71.8 Cr
₹ 70.6 Cr
₹ 72.7 Cr
  • 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)

HDFC Nifty 100 Equal Weight Index Fund Direct Growth Fund Manager

Nirman Morakhia

Nirman Morakhia

Fund Manager of HDFC Nifty 100 Equal Weight Index Fund Direct Growth, since 28 February 2023
Arun Agarwal

Arun Agarwal

Fund Manager of HDFC Nifty 100 Equal Weight Index Fund Direct Growth, since 4 March 2022
Krishan Daga

Krishan Daga

Fund Manager of HDFC Nifty 100 Equal Weight Index Fund Direct Growth, since 23 February 2022

Fund Highlights

Risk meter
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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 5.89% since inception which is less than its category average return of 9%
Fund Allocations

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

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%

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%
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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%