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HDFC Equity Fund(G)

HDFC Equity Fund(G)
Dividend Yearly
NA
Category
Equity - Multi Cap
52-week NAV high
686.05  (As on 02-04-2019)
52-week NAV low
573.50  (As on 26-10-2018)
Expense
2.06%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.76 6.79 13.69 9.69 11.24 16.65 8.91 14.54 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 1995
Last Dividend
NA
Minimum Investment
5000

HDFC Asset Management Company Limited was given the approval to act as the Asset Management Company of HDFC Mutual Fund in the year 2000. The company launched their first scheme that year and has continued to strive to give the best investment options to their investors.

Investment Objective of HDFC Equity Fund - Growth Option

The main objective of this scheme is to make investments predominantly in equity and its related instruments for capital appreciation.

Key Features of HDFC Equity Fund - Growth Option

Some of the key features of HDFC Equity Fund - Growth Option have been listed in the table below:

Type of fund

Open-ended equity scheme

Plans available

Regular and Direct

Options under each plan

Growth and Dividend

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for HDFC Equity Fund - Growth Option

Minimum application amount

Rs.5,000

Minimum additional investment

Rs.1,000

Entry Load

Not Applicable

Exit Load

  • If you wish to redeem or switch the units before the completion of 365 days from the date of allotment, an exit load of 1% is applicable.
  • Exit load need not be paid if the units are switched out or redeemed after the completion of 365 days from the date of allotment.

Asset Allocation for HDFC Equity Fund - Growth Option

Type of Instruments

Minimum Allocation (% of total assets)

Maximum Allocation (% of Total Assets)

Risk Profile

Equity and Equity Related Instruments

65

100

High

Non-convertible preference shares

0

10

Low to Medium

Debt Securities (including securitised debt) and money market instruments

0

35

Low to Medium

Units issued by REITs and InvITs

0

10

Medium to High

Who can invest in HDFC Equity Fund - Growth Option

The following entities can invest in HDFC Equity Fund - Growth Option:

  • Resident Indians, either singly or jointly (not more than three)
  • Non-Resident Indians (NRIs)
  • Karta of Hindu Undivided Families (HUFs)
  • Parent or guardian investing on behalf of minors
  • Foreign Portfolio Investors registered with SEBI
  • Limited Liability Partnerships and Partnership Firms
  • Council of Scientific and Industrial Research, India
  • Foreign Portfolio Investors registered with SEBI
  • Association of person, bodies of individuals, societies registered under the Societies Registration Act, 1860
  • Army, Navy, Air Force and other paramilitary units
  • Companies and Public Sector Undertakings
  • Alternative Investment Funds and Mutual Funds registered with SEBI
  • Sponsor, Trustee, and their associates have the option to subscribe to units from time to time

NAV Disclosure and Benchmark for HDFC Equity Fund - Growth Option

The Asset Management Company will disclose the NAV of the scheme at the end of every business day and shall the send the same for publication in at least two daily newspapers. The NAV will be updated on the mutual fund website and also on the AMFI website. The NAV will be updated on the AMFI website and the mutual fund website before 9:00 p.m. every business day. Any delays in disclosing the same will have to be explained to the AMC in writing.

HDFC Equity Fund - Growth Option Fund Manager

Prashant Jain is the fund manager of the scheme and has been managing the scheme for more 14 years. Rakesh Vyas is the fund manager for overseas investments on the scheme.

Investment Restrictions of HDFC Equity Fund - Growth Option

Some of the investment restrictions of the scheme have been listed below:

  • More than 10% of the NAV of the scheme may not be invested in debt instruments that comprise both money and non-money market instruments that have been issued by a single issuer. Investments of this type can be extended to 12% provided prior approval has been provided by the Board of Directors and the Board of Trustees of the fund company.
  • Transactions that relate to Government Securities will be done by the mutual fund only in dematerialised form.
  • Investments made by the scheme in unrated debt instruments issued by a single issuer shall not exceed more than 10% of the NAV of the scheme. The total investment in such instruments should not be more than 25% of the NAV.
  • More than 10% of any company’s paid up capital carrying voting rights may not be owned by the mutual fund under any of its schemes.
  • If the investments are meant to be long term in nature, securities can be transferred or purchased by the mutual fund on account of the scheme.
  • Investments shall be made by the mutual fund in other schemes without charging any fees. This is allowed only if investments do not exceed more than 5% of the NAV of the mutual fund.
  • There is an option available to transfer investments from one scheme to another. This is however subject to certain terms and conditions.
  • Investments may be made by the scheme in another scheme under the same Asset Management Company or any other mutual fund without charging any amount. This is provided that the investments don't exceed more than 5% of the NAV of the fund.

Dividend Policy of HDFC Equity Fund - Growth Option

Other Facilities under HDFC Equity Fund - Growth Option include:

  • One Time Mandate (OTM) - This option gives the unitholders an option to make transactions in the scheme by submitting a one-time mandate registration form. This is the process in which the unitholder provides their bank the authority to debit their account up to a specified limit. The transaction can be taken care of by the unitholder without a fund transfer letter or submitting a cheque. This facility can be availed by all the unitholders who have provided a folio number by the Asset Management Company
  • HDFC FLEXINDEX Plan - This option is given to all the unitholders that have their units of liquid or debt schemes in non-demat form. Using this option, one can automatically transfer a fixed percentage of the amount registered in the source scheme to choose equity schemes on certain trigger dates that come before the completion of one year from the date of registration.
  • Automatic Trigger Facility - Unitholders that have their units in non-demat form may opt to switch or withdraw if the unit balance attains a minimum capital appreciation. Units can be redeemed when the balance reaches the desired value or after a specified amount of time.

Why should you invest in HDFC Equity Fund - Growth Option

HDFC Mutual Funds company believes in providing various products that cater to the different needs of the investors. The availability of products across various asset classes provides the investors the option to invest based on their risk taking capacity and the investment objectives they wish to achieve.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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