To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. There is no assurance that the investment objective of the Scheme will be realized.
HDFC Equity Fund:
The renowned fund manager Prashant Jain is managing the fund. He has 22 years of profound experience in financial markets. The fund follows multicap strategy. Multicap strategy has an advantage that it provides flexibility to the fund manger to switch the portfolio across different market caps based on market conditions. However, this fund has more weightage towards large cap companies with around 80% of total AUM.
The Fund has second highest AUM of 20,465 crores as on 28 Feb 2018 in its category. The fund corpus has been well diversified across various sectors; highest allocation given to financial sector (37.35%) and energy sector (19.6%). Fund has invested in 44 companies but around 60% of the portfolio concentrated in 10 blue chip companies. The fund has given CAGR of 21.06% as against the benchmark Nifty 500 TRI has given CAGR of 18.44%. The fund has outperformed the benchmark and its category average in 1 year, 3 year, 5 year, 10 years terms. The investment of Rs. 1 lakh, would have appreciated to Rs. 6.76 Lakhs in 10 years and 2.08 lakhs in 5 Years.
Investor can start Investing in this fund with minimum one time investment of Rs. 5000 or Monthly SIP Rs. 500 with minimum 12 installments. This fund is suitable for investors who want to park their money for long term goals with investment horizon of more than 5 years.
Investor can also look into below funds in the same category.
HDFC Equity Fund Vs Its Category Peers (as on 14 March 2019)