April 30, 2024
mayank
HDFC NIFTY Private Bank ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 24.6851
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 investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY Private Bank Index, subject to tracking errors.
Fund Manager:
1) Abhishek Mor
Education: Mr. Mor has done B.Com, Chartered Accountant and CFA (Level-I)
Experience: Prior to joining HDFC Mutual Fund, he has worked with ICICI Asset Management Company 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) | 500 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 16-Nov-22 |
| Return Since Launch | 9.45% |
| Benchmark | Nifty Private Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 328 Cr |
| (As on 31-Mar-2024) | |
| Expense | 0.15% |
| (As on 31-Mar-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 24.38% |
Trailing Returns (%) of HDFC NIFTY Private Bank
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC NIFTY Private Bank ETF | -1.36 | 2.16 | 4.21 | 4.86 | 10.40 | 12.73 | — | — | — | — |
| S&P BSE Bankex TRI | 3.13 | 2.70 | 4.79 | 8.96 | 16.00 | 15.37 | — | — | — | — |
| Equity: Sectoral-Banking | 6.07 | 1.97 | 4.96 | 8.28 | 19.86 | 26.63 | — | — | — | — |
| Rank within category | 43 | 23 | 36 | 38 | 41 | 35 | — | — | — | — |
| Number of funds in category | 44 | 49 | 49 | 45 | 43 | 37 | 26 | 16 | 16 | 11 |
Peer Comparison of HDFC NIFTY Private Bank ETF
| 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 Private Bank ETF | Unrated | 12.73 | — | — | 0.15 | 328 | 9.45 | — | 1Y 5M | 24.38 |
| Nippon India ETF Nifty Bank BeES | Unrated | 15.01 | 14.12 | 10.49 | 0.19 | 6,191 | 16.72 | — | 19Y 11M | 35.00 |
| Kotak Nifty Bank ETF | Unrated | 14.94 | 14.06 | 10.44 | 0.16 | 5,048 | 11.28 | — | 9Y 4M | 37.08 |
| SBI Nifty Bank ETF | Unrated | 14.99 | 14.11 | 10.51 | 0.20 | 4,218 | 11.82 | — | 9Y 1M | 27.00 |
| ICICI Pru Nifty Bank ETF | Unrated | 15.03 | 14.16 | — | 0.15 | 3,186 | 10.61 | — | 4Y 9M | 34.00 |
Portfolio Analysis of HDFC NIFTY Private Bank ETF
| No. of Stocks | 10 |
| Top 10 Stocks | 100.01% |
| Top 5 Stocks | 82.89% |
| Top 3 Sectors | 100.01% |
| Portfolio P/B Ratio | 2.23 |
| Portfolio P/E Ratio | 16.69 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,37,531 | 2,95,110 |
| Giant (%) | 72.34 | 62.02 |
| Large (%) | 10.54 | 20.89 |
| Mid (%) | 15.50 | 12.54 |
| Small (%) | 1.62 | 8.27 |
| Tiny (%) | — | — |
How to Invest in HDFC NIFTY Private Bank ETF?
Chanakya’s Mutual Fund Guidance For HDFC NIFTY Private Bank ETF
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://investor-web.hdfcfund.com/
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