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HDFC Equity Direct Plan-Growth HDFC Equity Direct Plan-Growth HDFC Equity Direct Plan-Growth HDFC Equity Direct Plan-Growth - Get latest updates on NAV, Dividends, Returns, Performance, Risks & Portfolio. Invest now! Paisabazaar INR 5000 1 rating rating rating rating rating HDFC Equity Direct Plan-Growth 2 5

Equity Multi Cap

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

-13.11%

3 Yrs CAGR returns

-2.07%

5 Yrs CAGR returns

3.89%

NAV as on 31 Jul

₹ 591.54 by 3.59 ( 0.61%)

Expense ratio

1.20

Exit load

1%

Fund Size (Cr)

₹ 23737.12


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Performance Graph*
Returns Calculator
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If ₹5000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

The scheme seeks to generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 31.56
Energy 27.26
Construction 11.11
Health Care 7.71
FMCG 6.15
Technology 5.81
Metals 3.55
Engineering 2.45
Services 2.38
Communication 0.74
Top 10 Sectors %
Banking 9.1
Infrastructure 7.7
Banking 7.49
Tobacco Prod. 6.15
Computer Software 5.73
Crude Oil & Natural Gas 5.59
Electricity Generation 4.69
Electricity Distribn. 4.64
Coal & Lignite 4.27
Crude Oil & Natural Gas 3.3
Fund house details
Fund House HDFC Mutual Fund
Fund Manager Chirag Dagli
Fund Setup Date 01 Jan 2013
Address 'HDFC House'-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate
Contact 1800 3010 6767 / 1800 419 7676
More About This Fund

About HDFC Equity Fund

HDFC Equity Fund is an open ended multi-cap equity fund scheme that invests in stock equities with various market capitalizations. It invests in large cap stocks of established companies as well as emergent stocks of mid cap and small cap firms that are likely to achieve above average growth, have superior financial strength and distinct competitive advantages.

HDFC Equity Fund invests at least 70% in major companies with large capitalization, aiming for wealth creation. It invests significantly in Public and Private Banks, Construction, Refineries, IT and Software. Its major holdings include ICICI Bank, SBI, Larsen and Toubro Ltd., Reliance Industries and Infosys.

Who Should Invest?

  • Investors with long-term investment horizon as it is subjected to market fluctuations and hence it is suggested to invest money for a duration of 3-5 years
  • It is advisable to invest through SIP mode into the fund
  • You can diversify your investment portfolio by investing in this mutual fund as HDFC Multi-cap Equity Fund represents a cross-section of companies across all economic sectors, market capitalizations and major industries

Risks

If you can bear moderate market risks and aim for high returns, then you can try investing in this fund. As a multi-cap fund, it strategizes in risk-reward balance by diversifying its investments in stocks of different capitalisations and sectors.

Also Read: What are Equity Funds?

Will You Pay Tax?

If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.

Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.

It should be noted that the investment in ELSS remains locked-in for 3 years.

The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.

Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.

How to Invest in HDFC Equity Fund?

  • Sign Up/Sign In to Paisabazaar.com and go to ‘Direct Mutual Funds’
  • Click on the section of ‘Equity Funds’
  • Type and search directly by the name of HDFC Equity Fund. Once it opens up, look at the details. You can also compare similar funds as well as use Returns Calculator
  • Click on ‘Invest Now’, select either Lump sum or SIP

Why Should You Choose Paisabazaar?

  • Trusted website, no commission charges and no paperwork. Only direct plans, no regular ones
  • You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
  • Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses
  • Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund

Frequently Asked Questions (FAQs)

Q. Should you invest in HDFC Equity Fund?
A. You may invest in this fund if you can bear moderate risks, aim for high returns and you can invest for 3-5 years.

Q. What does multi cap mean?
A.
Companies are categorised by SEBI into large, mid and small cap on the basis of their capitalizations. Fund investing in various companies that fall under all these categories or at least more than one is called a Multi-Cap Fund.

Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A.
SIP (Systematic Investment Plan) is considered efficient and convenient mode of investment that is good for long term investment, especially in equity funds. It also reduces the financial burden since these can be small amounts. Benefits of rupee cost averaging and the power of compounding are also applicable.

Q. What is the entry load for this fund?
A.
There is no applicable entry load on the aforementioned fund.

Q. What is the exit load for this scheme?
A.
If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.

Q. Is there any lock-in period for investment in this scheme?
A.
No. Investors can redeem their investment as per their wish and needs.

Q. What is the fund manager’s style of investment?
A.
Mr. Prashant Jain and Mr. Chirag Dagli jointly manage HDFC Equity Fund who come with 27 and 19 years of experience respectively. They aim to create wealth through equity and equity related instruments with concentration in some of the most trusted sectors such as Banks and IT. Its major holdings include SBI, ICICI Bank Ltd., Infosys and ITC Limited among several others.