Equity
Direct
Index Funds
NAV as on 05-12-2024
₹ 17.15
▲0.8%
1D
Inception Returns
17.8%
/yr
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.
HDFC NIFTY50 Equal Weight Index Fund Direct Growth has given a CAGR return of 17.83% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 20.07% and 17.65% respectively.
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, Industrial, Utilities, Communication. Its top holdings are State Bank of India, Wipro Ltd, Grasim Industries Ltd, HDFC Life Insurance Co Ltd, Tech Mahindra Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.4% |
Benchmark | NIFTY50 Equal Weight TR INR |
AUM | ₹1402 Cr |
Inception Date | 20 August, 2021 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 31.43% |
STCG | Selling mutual fund 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 (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
HDFC NIFTY50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.4% | -0.4% |
6 Month Returns | 6.74% | 6.74% |
1 Year Returns | 20.07% | 20.07% |
3 Years Returns | 62.86% | 17.65% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC NIFTY50 Equal Weight Index Fund Direct Growth | -0.5 | -0.51 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC NIFTY50 Equal Weight Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC NIFTY50 Equal Weight Index Fund Direct Growth | 0.95 | 0.79 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC NIFTY50 Equal Weight Index Fund Direct Growth | 14.48 | 14.17 | - |