HDFC NIFTY50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 15.88 as on 16-05-2024
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
- HDFC NIFTY50 Equal Weight Index Fund Direct Growth has ₹1118 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
7846 people have invested ₹ 1.6Cr in HDFC NIFTY50 Equal Weight Index Fund Direct Growth in the last three months
Overview
 | 0.4% |
 Benchmark | NIFTY 50 Equal Weight Index PR INR |
 | ₹1118 Cr |
 | 20 August, 2021 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 36.8% |
HDFC NIFTY50 Equal Weight Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
97.9%
Mid cap
2.1%
Sector Allocation
Financial Services
22.1%
Consumer Cyclical
14.3%
Basic Materials
12.6%
Tech
11.1%
Energy
10.1%
Health
9.7%
Consumer Defensive
9.7%
Utilities
4.3%
Industrial
4%
Communication
2.1%
Top Holdings of HDFC NIFTY50 Equal Weight Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings50
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Eicher Motors Ltd | 12.1% |
 Mahindra & Mahindra Ltd | 10.5% |
 Hindalco Industries Ltd | 5.5% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 1.04% whereas the fund’s underlying benchmark Nifty 50 Equal Weight returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty 50 Equal Weight by 0.40% in Apr'24
AUM Change
- AUM of the fund stands at 1.1K Cr as of Apr'24
- AUM increased by 29.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
HDFC NIFTY50 Equal Weight Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.09% since inception which is less than its category average return of 18.23%
Fund Allocations
This fund has an allocation of 100% in Equity, 0% in Debt and -0% in Cash related instruments
AUM size ₹1118 Cr
This fund has AUM of ₹1118 Cr which is more than its category average of ₹ 723 Cr
Expense Ratio 0.4%
This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of HDFC NIFTY50 Equal Weight Index Fund Direct Growth is ₹15.88 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
HDFC NIFTY50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.66% | -0.66% |
6 Month Returns | 19.08% | 19.08% |
1 Year Returns | 34.56% | 34.56% |
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 April 2024
₹1118 Cr as on April 2024
Hindalco Industries Ltd(2.3%), Divi's Laboratories Ltd(2.28%), Eicher Motors Ltd(2.26%), Mahindra & Mahindra Ltd(2.25%), Axis Bank Ltd(2.21%) as on April 2024
Financial Services(22.09%), Consumer Cyclical(14.28%), Basic Materials(12.64%) as on April 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 April 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 April 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 | 2.43 | - | - |
As on April 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 | 10.88 | - | - |
As on April 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%