September 17, 2024
mayank
HDFC Nifty LargeMidcap 250 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the HDFC Nifty LargeMidcap 250 Index Fund Open Date, Close Date?
NFO opens on September 20, 2024
NFO will close on October 04, 2024
What is the Investment Strategy?
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty LargeMidcap 250 Index (TRI), subject to tracking error.
Basic Details
| Fund House | HDFC Mutual Fund |
| Issue Open | 20 September 2024 |
| Issue Close | 04 October 2024 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Large Midcap 250 TRI |
What is the Benchmark Index of HDFC Nifty LargeMidcap 250 Index Fund?
The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Index Variant: Nifty LargeMidcap 250 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.16 | 24.14 | 43.00 | 24.77 | 15.55 |
| Total Return | 5.39 | 24.97 | 44.18 | 25.96 | 17.05 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.92 | 18.53 | 20.46 |
| Beta (NIFTY 50) | 1.03 | 0.92 | 0.91 |
| Correlation (NIFTY 50) | 0.91 | 0.91 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 31.46 | 4.94 | 0.93 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.43 |
| Reliance Industries Ltd. | 3.67 |
| ICICI Bank Ltd. | 3.11 |
| Infosys Ltd. | 2.52 |
| ITC Ltd. | 1.67 |
| Tata Consultancy Services Ltd. | 1.66 |
| Larsen & Toubro Ltd. | 1.55 |
| Bharti Airtel Ltd. | 1.53 |
| Axis Bank Ltd. | 1.20 |
| Suzlon Energy Ltd. | 1.18 |
Performance Review of the Fund Managers of HDFC Nifty LargeMidcap 250 Index?
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.
Past Performance of his Schemes
| Fund | HDFC BSE 500 ETF | It’s Benchmark | HDFC NIFTY Midcap 150 ETF | It’s Benchmark |
| 1 Year | 35.89 | 36.33 | 46.41 | 50.75 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 17-09-2024
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.
Past Performance of his Schemes
| Fund | HDFC Arbitrage Fund – Wholesale Plan | It’s Benchmark | HDFC Equity Savings Fund | It’s Benchmark |
| 1 Year | 7.62 | 4.74 | 17.92 | 16.40 |
| 3 Year | 5.91 | 3.66 | 11.48 | 9.51 |
| 5 Year | 5.14 | 3.33 | 12.98 | 10.93 |
| 7 Year | 5.33 | 3.59 | 10.58 | 9.58 |
| 10 Year | 5.74 | 3.98 | 10.85 | 9.39 |
As on 17-09-2024
Which Company Owns HDFC Nifty LargeMidcap 250 Index?
HDFC Asset Management Company Ltd
Address: “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in HDFC Nifty LargeMidcap 250 NFO?
Guidance for HDFC Nifty LargeMidcap 250 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The HDFC Nifty LargeMidcap 250 Index Fund is based on the Nifty LargeMidcap 250 Fund. The Index is a combination of the Nifty 100 and Nifty Midcap 150. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis. This will give a combination of market leaders and future market leaders. While the large caps would be stable with less volatility, the mid-caps would be more volatile.
The Fund has generated Total return of 25.96% in the last five years and 44.18% in the last one year. Studying the Benchmark gains is important as this is a Passive Fund whose holdings will mirror those of its Benchmark and the returns generated will also closely reflect the returns generated by the underlying Benchmark.
Stocks such as HDFC, RIL, TCS, ITC etc are the top constituents of this Index. The Fund Managers are quite experienced and have a good track record. The Nifty LargeMidCap 250 index Fund allows investors to participate in the Indian growth story with a portfolio that is diversified across large caps and mid-caps with a more interesting selection of sectors
Can invest in this fund with long term holding period.
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