Equity
Direct
Sector - Financial Services
NAV as on 06-11-2024
₹ 25.81
Inception Returns
61.4%
/yr
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.
HDFC Nifty Private Bank ETF Fund Direct Growth has given a CAGR return of 61.44% since inception. Over the last 1 year the fund has given a CAGR return of -88.69%.
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, Kotak Mahindra Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, IndusInd Bank Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.15% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹331 Cr |
Inception Date | 14 November, 2022 |
Min Lumpsum/SIP | --/-- |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 24.38% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Nov-24)
as on (30-Sep-24)
Top Sector in September was Financial Services
HDFC Nifty Private Bank ETF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.31% | -0.31% |
6 Month Returns | 5.2% | 5.2% |
1 Year Returns | -88.69% | -88.69% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | -99.09 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | 2.4 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | -0.87 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Nifty Private Bank ETF Fund Direct Growth | 92.82 | - | - |