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HDFC Top 200 Fund

Type of fund

This is an open ended growth scheme.

Investment objective

The objective here is to generate long term capital appreciation through investments in equity and equity related instruments mostly in companies listed on the BSE 200 Index.

Fund information

Inception date 11/10/1996
CRISIL rank Rank 5 in Large Cap category
Schemes
  • Direct Plan – Growth Option
  • Direct Plan – Dividend Option
  • Growth Option
  • Dividend Option
Entry load 0%. Any upfront commissions to be paid by investor directly to ARN holder.
Exit load 1% if redeemed within 1 year
Minimum investment
  • Rs.5,000 for new investors and any amount thereafter
  • Rs1,000 for existing investors and any amount thereafter
SIP
  • Minimum Rs.500 for monthly subscription
  • Min. Rs.1,500 for quarterly subscription
Product label – Risk and target investors Moderately High risk. Meant for long term investors such as retirement planners who can get over short term market volatility.
Benchmark S&P BSE Sensex. This index has been operational since 1986 and has become the face of Indian equity market performances over the years. It is among the most visible brands in equity markets in the country.
SWP Yes. Available in Fixed and Variable variants. Frequency of withdrawals are monthly, quarterly half yearly and yearly for Fixed SWP and quarterly, half yearly and yearly for Variable SWP.
STP Yes. Available in two variants namely Fixed Systematic Transfer Plan (FSTP) and Capital Appreciation Systematic Transfer Plan (CASTP). Daily, Weekly, Monthly and quarterly transfer plans are available.
Redemption Proceeds to be dispatched within 3-4 days
Taxation (on investment and on redemption) As per applicable sections under the Income Tax Act.

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 an experienced 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 Prashant Jain is a celebrated fund manager who oversees some of the best performing funds for HDFC mutual funds. He is an industry veteran with over 20 years of experience in financial markets. He is the Executive Director and Chief Investment Officer for this fund. He manages several other funds from HDFC Mutual Funds including HDFC Infrastructure Fund, HDFC Monthly Income Long Term Plan and HDFC Prudence Growth etc. He is a celebrated fund manager overseeing some of the best products from HDFC AMC. His educational qualifications are CFA – AIMR, USA; PGDM – IIM Bangalore; B. Tech – IIT Kanpur. He has previously worked with Zurich AMC and SBI Mutual Fund.

Investment philosophy

The fund philosophy is to invest only in top companies that are listed on the reputed BSE 200 Index so as to mitigate risks while generating steady growth. Companies are shortlisted after extensive research by the investment team and the strategy for investing can be modified according to favourable variables.

Portfolio – Sector / Top 10 holdings*

Name Sector Class Allocation (%)
State Bank of India Financial Equity 7.35
Infosys Ltd Tech Equity 6.97
ICICI Bank Ltd Financial Equity 6.67
Larsen & Toubro Ltd Diversified Equity 5.87
HDFC Bank Ltd Financial Equity 4.73
Maruti Suzuki India Ltd Auto Equity 4.11
Reliance Industries Ltd Energy Equity 3.68
BPCL Energy Equity 3.47
Axis Bank Ltd Financial Equity 3.12
Aurobindo Pharma Ltd Construction Equity 3.07

*As on 31st July 2015

Risk measures

Standard Deviation 18.19%
Sharpe Ratio 0.68
Alpha 2.50%
Beta 1.20

Performance*

AUM Rs.13,697.63 crores (Growth)
NAV
  • Direct Plan – Dividend Option: Rs.47.9480
  • Direct Plan – Growth option: Rs.323.4500
  • Dividend Option: Rs.47.1100
  • Dividend Plan: Rs.47.1100
  • Growth Option: Rs.318.4320
Expense Ratio
  • 2.50% on first Rs.100 crores daily net assets
  • 2.25% on next Rs.300 crores
  • 2.00% on next Rs.300 crores
  • 1.75% on remaining daily net assets

Direct Plan has lower expense ratio by 0.65%

*As on 31st July 2015

Benchmark comparison*

Compounded Annualised Returns Scheme Returns (%) Benchmark Returns (%)
Returns for last 1 year 17.15 8.15
Returns for last 3 years 17.84 7.17
Returns for last 5 years 17.45 10.98
Returns since inception 25.32 15.02

*As on 31st March 2011

Expert view of the fund

The HDFC Top 200 Fund, as the name suggests, invests in a portfolio consisting predominantly of companies in the BSE 200 index. It is aimed to provide long term capital appreciation to customers through equity and equity linked investments.

HDFC Top 200 Funds has performed well for long term investors. The fund had a below average run in FY2013-14 but when looking at the longer time frame of 5 years, it has beaten the average returns in its category and performed better than the benchmark returns. Moreover, since inception the fund has beaten the benchmark comfortably. Being managed by the acclaimed Prashant Jain, HDFC Top 200 Fund is best meant for long term investors. Mutual funds are risky investments and you should have in-depth discussions with your personal financial advisor before making any investments.

How to apply

Both online and offline means can be used to apply for HDFC Top 200 Fund.

  • Online

    Online applications can be made through the HDFCMFOnline portal. However, first you need to register with KYC or Know Your Customer norms of the fund house. Next, you will be able to generate a HPIN number which will allow you to access your profile on the portal and make investments accordingly. You can make payments through bank transfer or card payments. There are some third-party distributors and dealers who can also help you with your online mutual funds’ investments. An exhaustive background check is warranted in these cases.

  • Offline

    Offline applications can be made at any registered branch of HDFC AMC or HDFC Bank that accepts mutual fund registrations. You need to fill in a few forms which will ask for details pertaining to your investment. You may also be required to submit additional documents. You can also approach third party dealers and distributors for the application process however you should take note of verifying their credentials first.

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