March 4, 2025
mayank
HDFC Nifty Top 20 Equal Weight Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the HDFC Nifty Top 20 Equal Weight Index Fund Open Date, Close Date?
NFO opens on March 07, 2025
NFO will close on March 21, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty Top 20 Equal Weight Index (TRI), subject to tracking error.
| Fund House | HDFC Mutual Fund |
| Issue Open | 07 March 2025 |
| Issue Close | 21 March 2025 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Top 20 Equal Weight TRI |
About Benchmark Index for this NFO?
NSE Indices has developed the Nifty Top 20 Equal Weight which aims to track the performance of the top 20 stocks selected based on 6-month average free-float market capitalization from the Nifty 50.
Nifty Top 20 Equal Weight can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Top 20 Equal Weight Total Returns Index.
Portfolio Characteristics
| Methodology | Equal Weighted |
| No. of Constituents | 20 |
| Launch Date | October 22, 2024 |
| Base Date | March 02, 2006 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annual |
Fund Managers of HDFC Nifty Top 20 Equal Weight Index Fund
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.
AMC
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
Review for HDFC Nifty Top 20 Equal Weight Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty Top 20 Equal Weight TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -5.94 | -5.94 | 2.58 | 16.30 | 11.74 |
| Total Return | -5.72 | -5.72 | 3.84 | 17.60 | 13.29 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.25 | 19.20 | 21.91 |
| Beta (NIFTY 50) | 0.91 | 0.99 | 1.01 |
| Correlation (NIFTY 50) | 0.97 | 0.98 | 0.98 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 20.37 | 4.02 | 1.34 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bajaj Finance Ltd | 6.68 |
| Maruti Suzuki India Ltd. | 5.85 |
| Kotak Mahindra Bank Ltd. | 5.79 |
| Reliance Industries Ltd. | 5.26 |
| Bharti Airtel Ltd | 5.24 |
| HDFC Bank Ltd. | 5.16 |
| Asian Paints Ltd. | 5.14 |
| Axis Bank Ltd. | 5.03 |
| Hindustan Unilever Ltd. | 5.01 |
| ICICI Bank Ltd. | 4.95 |
Note on Benchmark Performance:
The scheme aims to generate returns that are in line with the performance of the Nifty Top 20 Equal Weight Index (TRI), before fees and expenses, subject to tracking error. The Nifty Top 20 Equal Weight Index tracks the performance of the top 20 stocks selected based on the 6-month average free-float market capitalization from the Nifty 50. Over the last 5 years, the benchmark index has delivered a return of 17.60% per annum.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Nirman S. Morakhia
| Fund | HDFC BSE 500 ETF | It’s Benchmark | HDFC NIFTY Midcap 150 ETF | It’s Benchmark |
| 1 Year | -1.90 | -1.86 | -0.77 | -0.29 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 04-3-2025
Past Performance of Arun Agarwal
| Fund | HDFC Equity Savings Fund | It’s Benchmark | HDFC Multi Asset Fund | It’s Benchmark |
| 1 Year | 4.22 | 3.80 | 7.75 | 5.18 |
| 3 Year | 10.26 | 8.79 | 13.44 | 12.05 |
| 5 Year | 11.95 | 10.51 | 15.58 | 13.77 |
| 7 Year | 9.52 | 8.99 | 12.23 | 11.60 |
| 10 Year | 10.05 | 8.39 | 11.12 | 10.84 |
As on 04-3-2025
Note on Fund Managers’ performance
The NFO is managed by two fund managers. Fund managers play a crucial role, much like pilots navigating both turbulent and calm conditions. Their ability to steer the fund through challenging and favorable periods is essential to its success. Therefore, evaluating the historical performance of the fund managers is critical to assessing their future potential. While the performance of one of the fund managers has been negative, the performance of Mr. Arun Agarwal, the other fund manager, has been impressive.
[ C ] Conclusion
Taking all factors into consideration, investing in this NFO is recommended as a long-term investment strategy.
Is it good to invest in HDFC Nifty Top 20 Equal Weight Index Fund NFO?
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