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

HDFC NIFTY50 Equal Weight Index Fund Direct Growth

Equity
Direct
Index Funds

NAV: ₹ 11.8 as on 30-11-2022

Fund Performance
zero opening, trading, fund transfer fee
2599 people have invested ₹ 55.5L in mutual fund in the last three months
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 Krishan Daga, Arun Agarwal. The fund could potentially beat inflation in the long-run.

Key parameters

1) HDFC NIFTY50 Equal Weight Index Fund Direct Growth has a NAV of 11.8292 as on 30-11-2022.

2) HDFC NIFTY50 Equal Weight Index Fund Direct Growth has 521 Cr worth of assets under management (AUM) as on 31-10-2022 and is more than category average.

3) The fund has an expense ratio 0.4 %.

Fund Overview

Expense ratio
Expense ratio
0.4%
Benchmark
Benchmark
NIFTY 50 Equal Weight Index PR INR
AUM
AUM
₹521 Cr
Inception Date
Inception Date
20 August, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
37.52%

Fund Distribution

  • Equity 99.9%
  • Debt & Cash 0.1%
Size breakup
Large cap
99.9%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

22.1%

Consumer Cyclical

14.1%

Basic Materials

13.8%

Tech

10.1%

Health

10.1%

Energy

9.9%

Consumer Defensive

9.6%

Utilities

4.2%

Industrial

4%

Communication

2.1%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings53
Equity Holdings50
Debt Holdings3

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 16.9 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 520.7 Cr
Sep'22
₹ 503.7 Cr
Aug'22
₹ 514.8 Cr

Fund Returns vs Benchmark

Oct'22
4.31%
6.66%
Sep'22
-3.15%
-2.56%
Aug'22
4.11%
2.42%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
53
53
53
Top 5 Company Concentration
11%
10.4%
11.7%
Company having highest exposure
Axis Bank Ltd (2.3%)
Sun Pharmaceuticals Industries Ltd (2.1%)
Bajaj Finserv Ltd (2.6%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
70.2%
70.2%
73.2%
Sector having highest exposure
Financial Services (22.1%)
Financial Services (22%)
Financial Services (23.2%)

Fund Manager

Krishan Daga

Krishan Daga

Managing this fund since 20 August 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
HDFC Arbitrage Fund -Direct Plan - Growth Option
4.27%
3.72%
HDFC Arbitrage Fund Wholesale Plan Growth Option Direct Plan
4.27%
3.72%
HDFC Index Fund Nifty 50 Plan-Direct Plan
16.76%
--
Arun Agarwal

Arun Agarwal

Managing this fund since 1 February 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
HDFC Arbitrage Fund Wholesale Plan Growth Option Direct Plan
4.27%
3.72%
HDFC Index Fund Nifty 50 Plan-Direct Plan
16.76%
--
HDFC Balanced Advantage Fund Direct Plan Growth Option
18.47%
11.44%

AMC details

Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Fund House
HDFC Asset Management Company Limited

Fund Highlights

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 14.13% since inception which is more than its category average return of 10.06%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.88% in Equity, 0% in Debt and 0.12% in Cash related instruments
AUM size ₹521 Cr

AUM size ₹521 Cr

This fund has AUM of ₹521 Cr which is more than its category average of ₹ 456 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 0.55%

Frequently Asked Questions

The current NAV of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is 11.68.
Existing (Absolute + CAGR)
HDFC NIFTY50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.34%
3.34%
6 Month Returns
14.71%
14.71%
1 Year Returns
11.91%
11.91%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.4 as on November 2022
521 Cr as on November 2022
Axis Bank Ltd(2.34%),Coal India Ltd(2.19%),Sun Pharmaceuticals Industries Ltd(2.16%),HCL Technologies Ltd(2.16%),Power Grid Corp Of India Ltd(2.12%) as on November 2022
Financial Services(22.05%),Consumer Cyclical(14.09%),Basic Materials(13.83%) as on November 2022
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 month end.
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 month end.
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
0.14
-
-
As on month end.
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
16.48
-
-
As on month end.
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.
Krishan Daga,Arun Agarwal are the fund managers of HDFC NIFTY50 Equal Weight Index Fund Direct Growth
The Exit load of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.