June 18, 2024
mayank
HDFC NIFTY100 Low Volatility 30 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 NIFTY100 Low Volatility 30 Index Fund Open Date, Close Date?
NFO opens on June 21, 2024
NFO will close on July 05, 2024
What is the Investment Strategy?
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY100 Low Volatility 30 Index (TRI), subject to tracking error.
Basic Details
| Fund House | HDFC Mutual Fund |
| Issue Open | 21 June 2024 |
| Issue Close | 05 July 2024 |
| 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 100 Low Volatility 30 TRI |
What is the Benchmark Index of HDFC NIFTY100 Low Volatility 30 Index Fund?
Nifty100 Low Volatility 30 Index aims to measure the performance of the low volatile securities in the large market capitalisation segment.
The securities are selected from Nifty 100 index and should be available for trading in derivative segment(F&O).The selection of securities and its weights in Nifty100 Low Volatility 30 are based on volatility. Volatility of the securities is calculated as the standard deviation of daily price returns (log normal) for last one year.
In order to make the index replicable for passive products, weightage of the stocks with turnover less than the stock having the lowest turnover in Nifty 50, has been capped at 3%.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -1.53 | 3.43 | 27.93 | 14.88 | 16.22 |
| Total Return | -1.39 | 3.91 | 29.41 | 16.81 | 18.15 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.56 | 15.81 | 17.30 |
| Beta (NIFTY 50) | 0.81 | 0.77 | 0.76 |
| Correlation (NIFTY 50) | 0.86 | 0.92 | 0.93 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 31.16 | 6.31 | 1.19 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Hindustan Unilever Ltd. | 4.45 |
| ICICI Bank Ltd. | 4.34 |
| Britannia Industries Ltd. | 4.14 |
| Asian Paints Ltd. | 3.99 |
| ITC Ltd. | 3.81 |
| UltraTech Cement Ltd. | 3.66 |
| Marico Ltd | 3.62 |
| HDFC Bank Ltd. | 3.61 |
| Sun Pharmaceutical Industries Ltd. | 3.60 |
| Reliance Industries Ltd. | 3.50 |
Performance Review of the Fund Managers of HDFC NIFTY100 Low Volatility 30 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.
Past Performance of his Schemes
| Fund | HDFC BSE 500 ETF | It’s Benchmark | HDFC NIFTY Midcap 150 ETF | It’s Benchmark |
| 1 Year | 38.66 | 39.07 | 58.87 | 60.48 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-06-2024
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 | 7.97 | 4.59 | 17.95 | 15.10 |
| 3 Year | 5.70 | 3.43 | 10.73 | 9.50 |
| 5 Year | 5.09 | 3.29 | 10.70 | 9.61 |
| 7 Year | 5.31 | 3.57 | 9.25 | 9.18 |
| 10 Year | 5.77 | 3.99 | 9.59 | 9.13 |
As on 18-06-2024
Which Company Owns HDFC NIFTY100 Low Volatility 30 Index Fund?
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 NIFTY100 Low Volatility 30 NFO?
Guidance for HDFC NIFTY100 Low Volatility 30 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The HDFC Nifty100 Low Volatility 30 Fund is based on the Nifty100 Low Volatility 30 Index which aims to measure the performance of the low volatile securities in the large market capitalization segment.
The securities are selected from Nifty 100 index and should be available for trading in derivative segment(F&O).The selection of securities and its weights in Nifty100 Low Volatility 30 are based on volatility. Volatility of the securities is calculated as the standard deviation of daily price returns (log normal) for last one year.
The Fund Managers for this Fund are Mr. Nirman Morakhia and Mr. Arun Agarwal. Prior to joining HDFC Mutual Fund, Mr. Nirman has worked with Mirae Asset Global Investment Management India Pvt. Ltd. Prior to joining HDFC Asset Management Company Limited, Mr. Arun has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
Hence, both the Fund Managers have good experience under their belt. A sample study of the past performance of other Funds managed by them has also been satisfactory. This is a niche type of fund and can be used to diversify your portfolio after you have already invested in good large cap, midcap, multi cap and flexi cap funds.
Can invest a small amount.
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