April 26, 2024
mayank
HDFC Multi Asset Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 68.9140
NAV IDCW: Rs 19.5350
Suitable For Which Investors?
“Multi Asset Allocation funds invest your money in a mix of equity shares, bonds and commodities (usually gold) such that each has at least 10 per cent allocation at all times.
We don’t think highly of gold or other commodities as an investment. Therefore, we believe that investors can avoid these funds altogether. Instead, they might consider other varieties of hybrid funds-aggressive hybrid, balanced hybrid and conservative hybrid-which invest your money in equity shares and bonds in different proportions. You can choose from these depending upon your investment horizon, return expectations and ability to withstand volatility in the value of your investments.”
Fund’s Investment Strategy:
The Scheme seeks to generate long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold.
Fund Manager:
1) Bhagyesh Kagalkar
Education: Mr. Kagalkar is a B.E. (Production) and MMS (Finance)
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Dolat Capital Markets Ltd., India Infoline Ltd., Sun Engineering Ltd., Al Ahlia Portfolio Securities Co., IIT Investrust.
2) 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.
3) 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.
4) 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.
5) 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 365 days |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 11.98% |
| Benchmark | NIFTY 50 TRI (65), NIFTY Composite Debt Index (25), Domestic Price of Gold (10) |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 2,642 Cr |
| (As on 31-Mar-2024) | |
| Expense | 0.85% |
| (As on 31-Mar-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 16.10% |
Trailing Returns (%) of HDFC Multi Asset Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Multi Asset Dir | 6.79 | 0.36 | 2.89 | 6.35 | 16.39 | 25.20 | 16.40 | 15.72 | 12.61 | 12.24 |
| VR Balanced TRI | 3.89 | 0.67 | 1.93 | 5.41 | 16.68 | 25.74 | 16.00 | 14.17 | 13.58 | 13.04 |
| Hybrid: Multi Asset Allocation | 7.37 | 0.41 | 3.58 | 7.03 | 17.84 | 29.07 | 16.70 | 15.48 | 10.94 | 11.57 |
| Rank within category | 15 | 21 | 27 | 21 | 20 | 18 | 10 | 4 | — | — |
| Number of funds in category | 31 | 38 | 38 | 31 | 31 | 26 | 20 | 12 | 8 | 6 |
Peer Comparison of HDFC Multi Asset 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 Multi Asset Dir | 3 star | 25.20 | 16.40 | 15.72 | 0.85 | 2,642 | 11.98 | 1.00 (365) | 11Y 3M | 16.10 |
| ICICI Pru Multi Asset Dir | 4 star | 35.48 | 26.33 | 20.44 | 0.62 | 36,843 | 17.27 | 1.00 (365) | 11Y 3M | 30.00 |
| SBI Multi Asset Allocation Dir | 4 star | 30.30 | 17.14 | 15.33 | 0.58 | 4,230 | 12.44 | 1.00 (365) | 11Y 3M | — |
| Tata Multi Asset Opportunities Dir | 4 star | 30.39 | 18.60 | — | 0.37 | 2,605 | 21.63 | 1.00 (365) | 4Y 1M | 18.71 |
| Quant Multi Asset Dir | 5 star | 50.60 | 30.72 | 30.04 | 0.76 | 1,829 | 16.42 | 1.00 (15) | 11Y 3M | 248.00 |
Portfolio Analysis of HDFC Multi Asset Fund
| No. of Stocks | 61 |
| Top 10 Holdings | 39.49% |
| Top 5 Stocks | 29.41% |
| Top 3 Sectors | 24.13% |
| Portfolio P/B Ratio | 3.30 |
| Portfolio P/E Ratio | 22.02 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,44,204 | 2,02,118 |
| Giant (%) | 71.24 | 53.87 |
| Large (%) | 15.97 | 21.23 |
| Mid (%) | 6.67 | 18.37 |
| Small (%) | 6.12 | 7.49 |
| Tiny (%) | — | 0.12 |
| Fund | Category | |
| Number of Securities | 105 | 61 |
| Macaulay Duration (yrs) | 2.59 | 3.21 |
| Average Maturity (yrs) | 3.45 | 5.10 |
| Yield to Maturity (%) | 7.45 | 7.48 |
| Avg Credit Rating | AAA | — |
How to Invest in HDFC Multi Asset Fund?
Chanakya’s Mutual Fund Guidance For HDFC Multi Asset Fund
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