April 3, 2024
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HDFC Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 66.3870
NAV IDCW: Rs 14.8740
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to provide capital appreciation by investing in Equity & equity related instruments, Arbitrage opportunities, and Debt & money market instruments.
Fund Manager:
1) Srinivasan Ramamurthy
Education: Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM – Calcutta.
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.
2) Anil Bamboli
Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.
Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
3) Arun Agarwal
Education: Mr. Agarwal is a B.Com. and Chartered Accountant
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
4) Nirman S. Morakhia
Education: Mr. Morakhia has done BMS and MBA – Financial Markets
Experience: Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 15% of the investment, 1% will be charged for redemption Within 1 month |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 10.74% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 3,900 Cr |
| (As on 29-Feb-2024) | |
| Expense | 1.01% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
| Turnover | 22.30% |
Trailing Returns (%) of HDFC Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Equity Savings Dir | 4.47 | 0.01 | 0.64 | 4.31 | 10.35 | 20.11 | 12.71 | 11.10 | 10.26 | 11.03 |
| VR MIP TRI | 3.00 | 0.20 | 0.52 | 3.16 | 8.71 | 16.75 | 9.67 | 9.38 | 9.19 | 9.42 |
| Hybrid: Equity Savings | 3.31 | 0.07 | 0.70 | 3.26 | 8.23 | 18.01 | 10.44 | 10.05 | 9.28 | 10.04 |
| Rank within category | 2 | 15 | 10 | 2 | 5 | 8 | 2 | 5 | 6 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 14 | 1 |
Peer Comparison of HDFC Equity Savings Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC Equity Savings Dir | 3 star | 20.11 | 12.71 | 11.10 | 1.01 | 3,900 | 10.74 | 1.00 (30) | 11Y 3M | 22.30 |
| ICICI Pru Equity Savings Dir | 4 star | 12.02 | 8.83 | 8.64 | 0.50 | 9,429 | 8.62 | 0.25 (7) | 9Y 3M | 50.00 |
| Kotak Equity Savings Dir | 5 star | 21.40 | 13.03 | 11.67 | 0.75 | 4,615 | 10.39 | 1.00 (90) | 9Y 5M | 499.28 |
| SBI Equity Savings Dir | 4 star | 21.79 | 11.08 | 11.01 | 0.67 | 4,183 | 10.06 | 0.10 (15) | 8Y 10M | 475.00 |
| Mirae Asset Equity Savings Dir | 4 star | 19.85 | 11.52 | 12.58 | 0.27 | 899 | 12.66 | 1.00 (365) | 5Y 3M | 469.00 |
Portfolio Analysis of HDFC Equity Savings Fund
| Number of Stocks | 63 |
| Number of Bonds | 33 |
| Average Maturity (yrs) | 3.22 |
| Top 10 Holdings | 35.60% |
| Portfolio P/B Ratio | 3.36 |
| Portfolio P/E Ratio | 21.53 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,73,422 | 2,19,266 |
| Giant (%) | 76.41 | 60.78 |
| Large (%) | 12.48 | 21.72 |
| Mid (%) | 7.30 | 12.76 |
| Small (%) | 3.80 | 5.80 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 126 | 96 |
| Macaulay Duration (yrs) | 2.63 | 2.10 |
| Average Maturity (yrs) | 3.22 | 2.95 |
| Yield to Maturity (%) | 7.46 | 7.26 |
| Avg Credit Rating | AAA | — |
How to Invest in HDFC Equity Savings Fund
Chanakya’s Mutual Fund Guidance For HDFC Equity Savings Fund
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