basic facts
launch date
1 January 1995
grade
equity
type
flexi cap
AUM*
Rs.27,433 crore
bottom sign
nifty 500 total
return index
What is the rate
NAV**
development options
Rs.961.01
IDCW
Rs.51.17
minimum investment
5,000
Minimum SIP Amount
500 rupees
expense ratio*** (%)
1.72
exit load
1% for redemption
within 365 days
*Till 31st May 2022
** by 28 June 2022
*** Till 31st May 2022
fund manager
PRASHANT JAIN
Tenure: 19 Years
Recent portfolio changes
new entrants: Housing Development Finance Corporation,
,
Increase allocation: Bharti Airtel, Mahindra & Mahindra, and Payment Services, UltraTech Cement.
Full Exit: CG Power And Industrial Solutions, NHP
should you buy
Earlier known as Equity, this flagship offering from HDFC MF run by veteran fund manager Prashant Jain is known to take a contrasting stance. This backs up its high conviction stakes with aggressive positions and stays with them even during prolonged periods of pain. This has historically given a high degree of volatility in fund returns, with alternate bouts of sharp underperformance followed by a sharp jump in the return profile. The fund has seen a return to top form after a brief hiatus over the past year and a half, as some of its major bets have gone in its favour. However, its risk-return profile remains weak. While its outlook tends to pay off on market cycles, long payoff horizons and oscillations may not suit everyone.
(Source: Value Research.)