HDFC Retirement Savings Fund Equity Direct Growth
About the Fund
HDFC Retirement Savings Fund Equity Direct Growth is a hybrid fund. This fund was started on 25 February, 2016. The fund is managed by Shobhit Mehrotra, Srinivasan Ramamurthy. This fund gives you the benefit of diversification.
Key Parameters
- HDFC Retirement Savings Fund Equity Direct Growth has ₹5557 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
HDFC Retirement Savings Fund Equity Direct Growth has given a CAGR return of 22.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.36%, 23.54% and 26.32% respectively.
Holdings
HDFC Retirement Savings Fund Equity Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Securitize, Consumer Cyclical, Health, Tech, Consumer Defensive, Basic Materials, Energy, Communication, Utilities.
Taxation
As it is a retirement mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of HDFC Retirement Savings Fund Equity Direct Growth
The investment objective of the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity and debt instruments to help investors meet their retirement goals. 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. There is a lock in period for HDFC Retirement Savings Fund Equity Direct Growth of 5 Years
Fund Overview
| Expense ratio | 0.65% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹5557 Cr |
| Inception Date | 25 February, 2016 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | 5 Years |
TurnOver | 13.96% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.48% | 12% | |
 ICICI Bank Ltd | 6.48% | 0% | |
 Axis Bank Ltd | 3.64% | 0% | |
 Infosys Ltd | 3.1% | 0% | |
 Reliance Industries Ltd | 3.1% | 5.8% |
Mutual Fund Insights
HDFC Retirement Savings Fund Equity Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹5557 Cr
Expense Ratio 0.65%
Frequently Asked Questions
HDFC Retirement Savings Fund Equity Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.52% | 2.52% |
6 Month Returns | 18.12% | 18.12% |
1 Year Returns | 36.36% | 36.36% |
3 Years Returns | 88.53% | 23.54% |
5 Years Returns | 221.69% | 26.32% |
- 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.