HDFC Nifty Private Bank ETF Fund Direct Growth

Equity
Direct
Sector - Financial Services
HDFC Nifty Private Bank ETF Fund Direct Growth

About the Fund

HDFC Nifty Private Bank ETF Fund Direct Growth is an equity fund. This fund was started on 14 November, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HDFC Nifty Private Bank ETF Fund Direct Growth has ₹322 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

HDFC Nifty Private Bank ETF Fund Direct Growth has given a CAGR return of 82.07% since inception. Over the last 1 year the fund has given a CAGR return of -88.39%.

Holdings

HDFC Nifty Private Bank ETF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, IndusInd Bank Ltd, Kotak Mahindra Bank 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 Nifty Private Bank ETF Fund Direct Growth

The investment objective of the Scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY Private Bank Index, subject to tracking errors.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. HDFC Nifty Private Bank ETF Fund Direct Growth has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.15%
Benchmark
S&P BSE BANKEX INR
AUM₹322 Cr
Inception Date14 November, 2022
Min Lumpsum/SIP--/--
Exit Load0%
Lock InNo Lock-in
TurnOver
10.31%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.7%

  • Debt & Cash 0.3%

Large cap
82.3%

Mid cap
13.3%

Small cap
4.1%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
100%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

HDFC Nifty Private Bank ETF Fund Direct Growth 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 82.07% since inception which is more than its category average return of 18.05%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.68% in Equity, 0% in Debt and 0.32% in Cash related instruments
AUM size ₹322 Cr

AUM size ₹322 Cr

This fund has AUM of ₹322 Cr which is less than its category average of ₹ 1523 Cr
Expense Ratio 0.15%

Expense Ratio 0.15%

This fund has an expense ratio of 0.15% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of HDFC Nifty Private Bank ETF Fund Direct Growth is ₹26.07 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
HDFC Nifty Private Bank ETF Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.97%
7.97%
6 Month Returns
-89.43%
-89.43%
1 Year Returns
-88.39%
-88.39%
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.
0.15% as on May 2024
₹322 Cr as on May 2024
HDFC Bank Ltd(26.48%), ICICI Bank Ltd(25.65%), Axis Bank Ltd(11.18%), IndusInd Bank Ltd(9.61%), Kotak Mahindra Bank Ltd(9.41%) as on May 2024
The alpha ratio for the HDFC Nifty Private Bank ETF Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC Nifty Private Bank ETF Fund Direct Growth
-92.04
-
-
As on May 2024
The alpha for HDFC Nifty Private Bank ETF 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 Nifty Private Bank ETF Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC Nifty Private Bank ETF Fund Direct Growth
2.69
-
-
As on May 2024
The Beta for HDFC Nifty Private Bank ETF 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 Nifty Private Bank ETF 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 Private Bank ETF Fund Direct Growth
-0.94
-
-
As on May 2024
The sharpe ratio for HDFC Nifty Private Bank ETF 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 Nifty Private Bank ETF 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 Private Bank ETF Fund Direct Growth
92.02
-
-
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.