Name of the Fund: HDFC long term advantage (G)
Ranked #3 by CRISIL
Expense Ratio: 2.57%
Risk Level: Average
Benchmark: S&P BSE Sensex
Objective: The primary objective of the Scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
HDFC long term advantage fund has made its inception in the year 2001. Since launch, it has delivered a phenomenal return of 23.53% annualized. It has also consistently beaten its benchmark as well as category average.
Top holdings of the fund include Infosys, TCS, ICICI bank, ITC and L&T. This is an ELSS fund that provides returns as well as tax benefits. The returns since inception have been phenomenal. HDFC is also a fund house with good reputation. This will also add value to this fund.