April 30, 2024
mayank
HDFC NIFTY Midcap 150 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 16.0415
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Fund’s Investment Strategy:
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Midcap 150 Index, subject to tracking error.
Fund Manager:
1) 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.
2) 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.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 21-Apr-23 |
| Return Since Launch | 58.60% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 112 Cr |
| (As on 31-Mar-2024) | |
| Expense | 0.30% |
| (As on 31-Mar-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of HDFC NIFTY Midcap 150 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC NIFTY Midcap 150 Index Dir | 10.34 | 0.34 | 6.04 | 6.66 | 29.73 | 57.05 | — | — | — | — |
| S&P BSE 150 MidCap TRI | 11.96 | 0.60 | 6.24 | 7.79 | 31.24 | 58.51 | — | — | — | — |
| Equity: Mid Cap | 11.29 | 0.47 | 5.92 | 8.32 | 29.27 | 55.29 | — | — | — | — |
| Rank within category | 20 | 28 | 17 | 28 | 17 | 17 | — | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 39 | 28 | 22 | 20 | 19 |
Peer Comparison of HDFC NIFTY Midcap 150 Index 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 NIFTY Midcap 150 Index Dir | Unrated | 57.05 | — | — | 0.30 | 112 | 58.60 | — | 1Y | — |
| Motilal Oswal Nifty Midcap 150 Dir | 3 star | 58.04 | 27.70 | — | 0.30 | 1,404 | 29.99 | — | 4Y 7M | 38.00 |
| Nippon India Nifty Midcap150 Dir | 3 star | 57.73 | 27.43 | — | 0.30 | 1,163 | 27.49 | — | 3Y 2M | 54.00 |
| Nippon India ETF Nifty Midcap 150 | Unrated | 58.10 | 27.77 | 24.93 | 0.21 | 1,312 | 24.90 | — | 5Y 2M | 61.00 |
| Mirae Asset Nifty Midcap 150 ETF | Unrated | 58.24 | — | — | 0.06 | 633 | 32.35 | — | 2Y 1M | — |
Portfolio Analysis of HDFC NIFTY Midcap 150 Index Fund
| No. of Stocks | 150 |
| Top 10 Stocks | 15.86% |
| Top 5 Stocks | 8.73% |
| Top 3 Sectors | 38.75% |
| Portfolio P/B Ratio | 4.28 |
| Portfolio P/E Ratio | 34.81 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 48,185 | 49,266 |
| Giant (%) | — | 5.38 |
| Large (%) | 26.47 | 27.85 |
| Mid (%) | 73.53 | 65.98 |
| Small (%) | — | 5.33 |
| Tiny (%) | — | 0.31 |
How to Invest in HDFC NIFTY Midcap 150 Index?
Chanakya’s Mutual Fund Guidance For HDFC NIFTY Midcap 150 Index Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://investor-web.hdfcfund.com/
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