HDFC NIFTY50 Equal Weight Index Fund Direct Growth

Equity
Direct
Index Funds
HDFC NIFTY50 Equal Weight Index Fund Direct Growth

About the Fund

HDFC NIFTY50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 20 August, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HDFC NIFTY50 Equal Weight Index Fund Direct Growth has ₹1235 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

HDFC NIFTY50 Equal Weight Index Fund Direct Growth has given a CAGR return of 20.77% since inception. Over the last 1 year the fund has given a CAGR return of 36.05%.

Holdings

HDFC NIFTY50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Energy, Consumer Defensive, Health, Utilities, Industrial, Communication. Its top holdings are Reliance Industries Ltd, UltraTech Cement Ltd, Grasim Industries Ltd, Dr Reddy's Laboratories Ltd, LTIMindtree Ltd

Taxation

As it is a index funds 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 NIFTY50 Equal Weight Index Fund Direct Growth

To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY50 Equal Weight Index TRI (Underlying Index), subject to tracking error. 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 NIFTY50 Equal Weight Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
7922 people have invested ₹ 1.7Cr in HDFC NIFTY50 Equal Weight Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.4%
Benchmark
NIFTY 50 Equal Weight Index PR INR
AUM₹1235 Cr
Inception Date20 August, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
36.8%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
97.8%
Mid cap
2%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
21.7%
Consumer Cyclical
13.8%
Basic Materials
12.2%
Tech
12.1%
Energy
10.2%
Consumer Defensive
10%
Health
10%
Utilities
4.1%
Industrial
4%
Communication
2%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
UltraTech Cement Ltd
UltraTech Cement Ltd
2.12%
-2.1%
Reliance Industries Ltd
Reliance Industries Ltd
2.12%
9.7%
Grasim Industries Ltd
Grasim Industries Ltd
2.09%
-3.1%
Dr Reddy's Laboratories Ltd
Dr Reddy's Laboratories Ltd
2.08%
11.9%
LTIMindtree Ltd
LTIMindtree Ltd
2.07%
7.1%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
HDFC NIFTY50 Equal Weight Index Fund Direct Growth
HDFC NIFTY50 Equal Weight Index Fund Direct Growth
36%
-
-
20.8%
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth
66.9%
18.5%
-
25.4%
UTI Nifty Next 50 Index Fund Direct Growth
UTI Nifty Next 50 Index Fund Direct Growth
63%
22.8%
23%
17.3%
UTI Nifty200 Momentum 30 Index Fund Direct Growth
UTI Nifty200 Momentum 30 Index Fund Direct Growth
62.7%
25.2%
-
29.8%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
LTIMindtree Ltd
LTIMindtree Ltd
11.3%
Wipro Ltd
Wipro Ltd
2%

HDFC NIFTY50 Equal Weight Index 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 20.77% since inception which is less than its category average return of 22.95%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.84% in Equity, 0% in Debt and 0.16% in Cash related instruments
AUM size ₹1235 Cr

AUM size ₹1235 Cr

This fund has AUM of ₹1235 Cr which is more than its category average of ₹ 794 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 0.54%

Frequently Asked Questions

The current NAV of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is ₹17.39 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
HDFC NIFTY50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.82%
3.82%
6 Month Returns
16.34%
16.34%
1 Year Returns
36.05%
36.05%
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 June 2024
₹1235 Cr as on June 2024
Reliance Industries Ltd(2.12%), UltraTech Cement Ltd(2.12%), Grasim Industries Ltd(2.09%), Dr Reddy's Laboratories Ltd(2.08%), LTIMindtree Ltd(2.07%) as on June 2024
Financial Services(21.66%), Consumer Cyclical(13.8%), Basic Materials(12.16%) as on June 2024
The alpha ratio for the HDFC NIFTY50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC NIFTY50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The alpha for HDFC NIFTY50 Equal Weight Index Fund Direct Growth is calculated against NIFTY 50 Equal Weight Index PR 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 NIFTY50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC NIFTY50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The Beta for HDFC NIFTY50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index PR 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 NIFTY50 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 NIFTY50 Equal Weight Index Fund Direct Growth
2.13
-
-
As on June 2024
The sharpe ratio for HDFC NIFTY50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index PR 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 NIFTY50 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 NIFTY50 Equal Weight Index Fund Direct Growth
11.58
-
-
As on June 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.
The Exit load of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is 0%