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Yogi Zone

Useful articles for your finance management by our team of experts

Top HDFC Mutual Funds

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Introduction of HDFC Mutual Fund:

InvestmentYogi: Provides you a detailed review of best/top HDFC mutual funds for investments.

HDFC Mutual funds

HDFC mutual fund was incorporated on December, 10th 1999. It was setup on June 30th, 2000. In 2003 HDFC Asset Management Company had entered into an agreement with Zurich Insurance Company to acquire the asset management business. Consequently, all the schemes of Zurich Mutual Fund in India had been transferred to HDFC Mutual Fund. The HDFC AMC now offers Equity Funds, Balanced Funds and Debt Funds. They have been the best performing mutual funds in the last several years.

The assets under management are Rs 86,648.10 crores as of June 30, 2010.

InvestmentYogi analyses the top HDFC mutual funds in the Balanced Fund, Equity Fund and Equity Linked Savings Scheme (ELSS) categories.

 

Best performing “Balanced Funds” are:

  • HDFC Prudence Fund: The objective is to provide periodic returns and capital appreciation over a long period of time, by investing in equity and debt investments, with an aim to minimize any capital erosion. This scheme was launched on December 16, 1993. The top sector allocations for this fund are BFSI, Pharmaceuticals, Oil and Gas. The fund manager is Prashant Jain.
  • HDFC Balanced Fund: The objective is to generate capital appreciation along with current income from a combined portfolio of equity, debt and money market instruments. This scheme was launched on September 11, 2000. The top sector allocation for this fund is Pharmaceuticals. The fund manager is Chirag Setalvad.

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Mutual funds

Source: Morningstar Direct    Data as of June 30, 2010

The annualized return for both the funds during the last three years is equivalent to 16% (approx). This shows both funds performed equally well during the recession period. When markets were recovering in the last one year the returns for HDFC Prudence showed 4% higher returns while comparing to its peer fund HDFC Balanced. Also, in the last five years HDFC Prudence has managed to outperform HDFC Balanced fund.

Best performing “Equity Funds” are:

  • HDFC Equity Fund: The objective of this fund is to provide capital appreciation through investments in equity oriented securities. This scheme was launched on December 8, 1994. The benchmark index is S&P CNX 500. The top sector allocations for this fund are BFSI, Pharmaceuticals, Oil and Gas. The fund manager is Prashant Jain.
  • HDFC Top 200: The objective of this fund is to generate long term capital appreciation by investing in a portfolio of equities and equity linked instruments drawn from the BSE 200 Index. This scheme was launched on August 19, 1996. The benchmark index is BSE 200. The top sector allocations for this fund are BFSI, Oil and Gas. The fund manager is Prashant Jain.

hdfc equity funds

 

 

 

Source: Morningstar Direct    Data as of June 30, 2010

The annualized return for HDFC Equity Fund was 46.5% in the last one year. These returns are much higher by comparing it with its peer fund HDFC Top 200. This shows when markets were recovering, the fund manager made the right investment decisions and managed to generate better returns for their investors in HDFC Equity Fund. Whereas, when you compare the returns for the last three years (i.e during the global slowdown) its HDFC Top 200 fund generated 2% higher returns by comparing it to HDFC Equity Fund. In the last five years both funds have given equivalent returns of 28% (approx)

Best performing “Tax Saving Funds” are:

  • HDFC Long Term Advantage Fund: The objective is to generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments and providing tax benefits to investors. This scheme was launched on January 2, 2001. The benchmark index is BSE Sensitive Index. The top sector allocations for this fund are Information Technology and Pharmaceuticals. The fund manager is Chirag Setalvad.
  • HDFC Taxsaver: The objective is to provide tax benefits along with capital appreciation. This scheme was launched on December 18, 1995. The benchmark index is S&P CNX 500. The top sector allocations for this fund are Information Technology, Pharmaceuticals and BFSI. The fund manager is Vinay Kulkarni.

hdfc fund schemes

Source: Morningstar Direct    Data as of June 30, 2010

The annualized return for HDFC Taxsaver is much better while comparing to its peer fund HDFC Long Term Advantage Fund. As, you can analyze HDFC Taxsaver fund has outperformed in the 1st and 3rd year, as well as in the 5th year returns. In the last three years of global slowdown, which had impacted Indian stock market, HDFC Taxsaver fund managed to deliver 11.7% returns. This is quite appreciable. Also, during the recovery phase in the last one year, HDFC Taxsaver has managed to generate 48.7% returns for their investors.

There are many HDFC Mutual Funds in each category other than the schemes discussed above. An investor needs to identify their own risk taking ability, time-frame of investments and goals while taking a decision to invest in any particular mutual funds.

You may use financial calculators and planners to help achieve your financial goals for the future:

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Written by InvestmentYogi by Hiral Thanawala

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