HDFC NIFTY50 Equal Weight Index Fund Direct Growth

HDFC NIFTY50 Equal Weight Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 05-12-2024

₹ 17.15

0.8%

1D

Inception Returns

17.8%

/yr

About HDFC NIFTY50 Equal Weight Index Fund Direct Growth

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 ₹1402 Cr worth of assets under management (AUM) as on Oct 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 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.

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, Industrial, Utilities, Communication. Its top holdings are State Bank of India, Wipro Ltd, Grasim Industries Ltd, HDFC Life Insurance Co Ltd, Tech Mahindra 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
11419 people have invested ₹ 2.2Cr in HDFC NIFTY50 Equal Weight Index Fund Direct Growth in the last three months

HDFC NIFTY50 Equal Weight Index Fund Direct Growth Overview

Expense ratio0.4%
Benchmark
NIFTY50 Equal Weight TR INR
AUM₹1402 Cr
Inception Date20 August, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
31.43%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

  • Debt & Cash 0%

Large cap
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
21.9%
Consumer Cyclical
15.2%
Basic Materials
12.4%
Tech
10.6%
Energy
9.8%
Consumer Defensive
9.5%
Health
8.4%
Industrial
6.2%
Utilities
3.9%
Communication
2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-8.03%
2.65%
1.85%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -8.03% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty 50 by 1.86% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.4K Cr
₹ 1.5K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.4K Cr as of Oct'24
  • AUM decreased by 76 Cr between Oct'24 and Sep'24
Top Stocks bought last month
State Bank of India's allocation increased from 1.97% to 2.24%
State Bank of India's allocation increased from 1.97% to 2.24%
Wipro Ltd's allocation increased from 2% to 2.23%
Wipro Ltd's allocation increased from 2% to 2.23%
Tech Mahindra Ltd's allocation increased from 1.95% to 2.17%
Tech Mahindra Ltd's allocation increased from 1.95% to 2.17%
Top Stocks sold last month
Hindalco Industries Ltd's allocation decreased from 2.08 % to 2.07 %
Hindalco Industries Ltd's allocation decreased from 2.08 % to 2.07 %
Britannia Industries Ltd's allocation decreased from 2.03 % to 2.01 %
Britannia Industries Ltd's allocation decreased from 2.03 % to 2.01 %
Tata Steel Ltd's allocation decreased from 5.26 % to 1.99 %
Tata Steel Ltd's allocation decreased from 5.26 % to 1.99 %
Large Cap allocation has gone up from 99.4% to 100%
Large Cap allocation has gone up from 99.4% to 100%
Cash allocation has gone down from 0.6% to 0%
Cash allocation has gone down from 0.6% to 0%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials

Oct'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
Sep'24
Financial Services
22%
Consumer Cyclical
16%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
11%
10.5%
11.5%
Company having highest exposure
State Bank of India (2.2%)
Bharat Petroleum Corp Ltd (2.2%)
SBI Life Insurance Co Ltd (2.3%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
69.9%
70.2%
69.7%
Sector having highest exposure
Financial Services (21.9%)
Financial Services (21.7%)
Financial Services (21.3%)
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Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

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 17.83% since inception which is more than its category average return of 17.44%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.96% in Equity, 0% in Debt and 0.04% in Cash related instruments
AUM size ₹1402 Cr

AUM size ₹1402 Cr

This fund has AUM of ₹1402 Cr which is more than its category average of ₹ 805 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 0.53%

Frequently Asked Questions for HDFC NIFTY50 Equal Weight Index Fund Direct Growth

The current NAV of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is ₹17.15 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
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%
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 November 2024
₹1402 Cr as on November 2024
State Bank of India(2.24%), Wipro Ltd(2.23%), Grasim Industries Ltd(2.19%), HDFC Life Insurance Co Ltd(2.18%), Tech Mahindra Ltd(2.17%) as on November 2024
Financial Services(21.91%), Consumer Cyclical(15.23%), Basic Materials(12.35%) as on November 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
-0.5
-0.51
-
As on November 2024
The alpha for HDFC NIFTY50 Equal Weight Index Fund Direct Growth is calculated against NIFTY50 Equal Weight TR 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
1
1
-
As on November 2024
The Beta for HDFC NIFTY50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight TR 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
0.95
0.79
-
As on November 2024
The sharpe ratio for HDFC NIFTY50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight TR 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
14.48
14.17
-
As on November 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.
Sortino ratio is 1.34 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is 0%