March 29, 2024
mayank
HDFC Banking & Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.4950
NAV IDCW: Rs 13.7550
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services.
Fund Manager:
1) Anand Laddha
Education: Mr. Laddha has done B.Com. and CA
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Refco-Sify Securities India Pvt. Ltd. Last Position Held – AVP – FII Equity & Derivative Sales. Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held – Equity & Derivative Sales.
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) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 30 days |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 30-Jun-21 |
| Return Since Launch | 14.48% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,181 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.63% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 21.06% |
Trailing Returns (%) of HDFC Banking & Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Banking & Financial Services Dir | -1.21 | 0.72 | -0.11 | -1.21 | 9.22 | 28.24 | — | — | — | — |
| S&P BSE Bankex TRI | -2.39 | 0.46 | 1.19 | -2.39 | 5.79 | 16.28 | — | — | — | — |
| Equity: Sectoral-Banking | 0.51 | 0.87 | 0.51 | 0.51 | 10.63 | 28.96 | — | — | — | — |
| Rank within category | 17 | 21 | 19 | 17 | 12 | 9 | — | — | — | — |
| Number of funds in category | 23 | 26 | 26 | 23 | 22 | 19 | 13 | 11 | 11 | 8 |
Peer Comparison of HDFC Banking & Financial Services 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 Banking & Financial Services Dir | Unrated | 28.24 | — | — | 0.63 | 3,181 | 14.48 | 1.00 (30) | 2Y 8M | 21.06 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 34.91 | 21.86 | 13.26 | 1.14 | 5,225 | 14.31 | 1.00 (30) | 11Y 2M | 25.00 |
| Tata Banking & Financial Services Dir | 4 star | 26.97 | 15.31 | 14.39 | 0.51 | 1,944 | 17.75 | 0.25 (30) | 8Y 3M | 21.19 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 28.86 | 16.05 | — | 0.61 | 1,600 | 18.05 | 1.00 (365) | 3Y 3M | 36.00 |
| Sundaram Financial Services Opportunities Dir | 5 star | 39.92 | 20.33 | 17.87 | 0.79 | 1,150 | 14.39 | 1.00 (365) | 11Y 2M | 69.00 |
Portfolio Analysis of HDFC Banking & Financial Services Fund
| No. of Stocks | 31 |
| Top 10 Stocks | 69.46% |
| Top 5 Stocks | 54.29% |
| Top 3 Sectors | 98.14% |
| Portfolio P/B Ratio | 2.37 |
| Portfolio P/E Ratio | 15.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,98,896 | 2,82,390 |
| Giant (%) | 60.25 | 62.51 |
| Large (%) | 16.25 | 20.07 |
| Mid (%) | 11.74 | 13.32 |
| Small (%) | 11.76 | 8.19 |
| Tiny (%) | — | — |
How to Invest in HDFC Banking & Financial Services Fund?
Chanakya’s Mutual Fund Guidance For HDFC Banking & Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
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