HDFC Growth Fund

Fund information

Fund manager(s)

Mr Rakesh Vyas has over 8 years of experience with 5 years in equity research and 3 years in application engineering. He is the dedicated fund manager for overseas investments. He is a veteran fund manager and manages several funds for HDFC Mutual Funds including HDFC Capital Builder Fund, HDFC Balanced Fund, HDFC Multiple Yield Fund Plan 2005, HDFC Mid Cap Opportunities Fund and HDFC Short Term Opportunities Fund etc. He has a B.E. Electrical degree and a PGDM from XLRI Jamshedpur. He has previously worked with Lehman Brothers and Nomura.

Mr Srinivas Rao Ravuri has over 18 years of experience in the financial sector predominantly in equity research and fund management. He manages various funds from HDFC Mutual Funds such as HDFC Infrastructure Fund, HDFC Focussed Equity Fund and HDFC Rajiv Gandhi Equity Savings Scheme, among others. He has a bachelor's degree in B.Com and an MBA. He has previously worked with Motilal Oswal Securities Ltd, Edelweiss Capital Ltd and Securities Capital Investments Ltd.

Investment philosophy

The fund invests primarily in an equity portfolio consisting of companies listed in the BSE 200 Index so as to mitigate risks and maintain steady growth. The portfolio is sufficiently diversified to further reduce risk. The companies are thoroughly researched and the option to invest in other companies apart from those listed in the BSE 200 index as per the change in compilation or constituents of the index.

Portfolio - Sector / Top 10 holdings*

 *As on 31st July 2015

Risk measures

Performance*

*As on 31st July 2015

Benchmark comparison*

*As on 31st March 2011

Expert view of the fund

HDFC Growth Fund has consistently beaten the benchmark returns as well as average returns in its category since its inception almost 15 years ago. It is an equity-intensive fund and so the risks are high. However, the portfolio is sufficiently diversified and investments made in top companies equities only to mitigate some of the risks. The fund is a good long term investment option. You should always consult with your personal financial advisors before investing in any high risk instruments such as mutual funds.

How to apply

New and existing investors can apply for this fund through both online and offline avenues.

1. OnlineOnline customers can use the HDFCMFOnline portal to apply for mutual fund investments. Once you have satisfied the KYC norms, you can fill relevant forms and submit documents as required by the bank. The process is painless and can be completed online. You can also use third party vendors providing mutual fund application services after careful consideration.
2. OfflinePeople looking to apply offline can approach any branch of HDFC that accepts mutual fund registrations. On completing the KYC norms, you will be required to fill requisite forms and submit documents in-person as required by the fund house. Alternatively, you can also approach third party dealers after due consideration.