HDFC Banking & Financial Services Fund-Dir Growth

100
Min SIP
100
Min Lumpsum
0.63 %
Expense Ratio
Rating
3,157
Fund Size (in Cr)
3 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 1 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 27 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 31.1% - - 15.4%
Category Average 15.3% 8.7% 13.6% -

Scheme Allocation

By Holding
By Sector
By Asset
20.52%
16.79%
7.27%
Others
45.67%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 20.52%
ICICI Bank Banks Equity 16.79%
Axis Bank Banks Equity 7.27%
St Bk of India Banks Equity 5.68%
Power Fin.Corpn. Finance Equity 4.07%
IndusInd Bank Banks Equity 3.74%
Five-Star Bus.Fi Finance Equity 3.42%
Bajaj Finance Finance Equity 3.13%
SBI Life Insuran Insurance Equity 2.77%
Equitas Sma. Fin Banks Equity 2.54%
Can Fin Homes Finance Equity 2.27%
C D S L Miscellaneous Equity 2.2%
Shriram Finance Finance Equity 2.14%
LIC Housing Fin. Finance Equity 1.96%
ICICI Lombard Insurance Equity 1.93%
Karur Vysya Bank Banks Equity 1.76%
Bank of Baroda Banks Equity 1.73%
Fusion Microfin. Finance Equity 1.69%
SBI Cards Finance Equity 1.35%
PB Fintech. IT - Software Equity 1.27%
Sundaram Finance Finance Equity 1.21%
IIFL Finance Finance Equity 1.09%
Repco Home Fin Finance Equity 0.96%
SBFC Finance Finance Equity 0.95%
Max Financial Finance Equity 0.85%
AU Small Finance Banks Equity 0.81%
FEDBANK FIN. SER Finance Equity 0.74%
Indian Bank Banks Equity 0.63%
Medi Assist Ser. Insurance Equity 0.6%
Kotak Mah. Bank Banks Equity 0.58%
Canara Bank Banks Equity 0.53%
AAVAS Financiers Finance Equity 0.41%
Banks
62.58%
Finance
26.74%
Insurance
6.15%
Capital Markets
2.2%
Financial Technology (Fin
1.27%
Others
1.06%
View all Sectors
Sectors Asset
Banks 62.58%
Finance 26.74%
Insurance 6.15%
Capital Markets 2.2%
Financial Technology (Fin 1.27%
Debt 1.24%
Cash & Others -0.18%
Equity
98.94%
Reverse Repos
1.24%
Net Curr Ass/Net Receivables
-0.18%
Others
0%

Advance Ratio

5.2
Alpha
4.44
SD
0.92
Beta
0.56
Sharpe

Exit Load

Exit Load 1.00% - If Units are redeemed / switched-out within 30 days from the date of allotment. Nil - If Units are redeemed / switched-out after 30 days from the date of allotment.

Fund Objective

The HDFC Banking & Financial Services Fund is a sectoral equity scheme launched on 1st July 2021 by HDFC Mutual Fund.

The HDFC Banking & Financial Services Fund invests in a diverse range of companies within the banking and financial services sector, including banks, NBFCs, life insurance companies, non-life insurance companies, housing finance companies, and capital market players. It is managed by Anand Laddha and Priya Ranjan.

The scheme’s objective is to achieve long-term capital appreciation by investing in equity and related securities of companies engaged in banking and financial services. It aims to achieve its objective by investing in companies that are market leaders or growing their market share through superior execution, scale, and better adoption of technology.

The HDFC Banking & Financial Services Fund invests at least 80% of its assets in equity and related instruments. It has the flexibility to invest up to 20% of its assets in debt, money market instruments, non-convertible preference shares, fixed-income derivatives, REITs, and InvITs.

Pros & Cons

Pros

Cons

The 1-year annualised return for HDFC Banking & Financial Services Fund is higher than the average for its category and its benchmark, the NIFTY Financial Services TRI. Since its inception, the returns generated by the HDFC Banking & Financial Services Fund have been lower than the average for its category and benchmark.
It has a lower expense ratio than the average for its category, indicating that it is relatively inexpensive to operate and, therefore, may generate higher returns for investors. The HDFC Banking & Financial Services Fund invests in the banking and financial services sector, which makes it more susceptible to sector-specific risks.
Being a sectoral fund, it offers the opportunity to benefit from sector-specific trends and events. As the scheme is designed for a long-term strategy, investors must be prepared to commit their capital for several years, potentially limiting their ability to respond to short-term market changes or financial needs.

 

How to invest in HDFC Banking & Financial Services Fund?

5paisa makes it simple and convenient for users to invest in the HDFC Banking & Financial Services Fund Direct-Growth. The procedure is straightforward, can be finished quickly, and does not include any paperwork at any point. Invest a few minutes in carrying out the steps listed below:

Step 1: Log in to your 5Paisa Account. In case you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can also download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the HDFC Mutual Fund scheme that you wish to invest in

Step 3: Select the suitable option as per your specific requirement and risk appetite

Step 4: Select the investment type from SIP (Systematic Investment Plan) or Lumpsum investment

Step 5: Put the amount that you’d like to invest and proceed with the payment option by clicking on the ‘Invest Now’ button

This completes the investment process on the 5Paisa platform. Once your payment is successfully debited, you can see the HDFC Mutual Fund reflected in your 5Paisa account In approximately 3-4 working days. If you selected the SIP option, the amount chosen will get deducted every month starting from the date you made the initial payment.

What is the expense ratio of the HDFC Banking & Financial Services Fund?

When referring to the HDFC Banking & Financial Services Fund Direct-Growth or any other mutual fund, the word “Expense Ratio” refers to the fund’s annual operating expenses as a percentage of its total assets, which can impact a scheme’s returns for investors. A lower expense ratio usually means the fund is less costly and may generate higher returns for the investors.

Who should invest in HDFC Banking & Financial Services Fund?

The HDFC Banking & Financial Services Fund is suitable for investors seeking long-term capital appreciation through investment in equity and equity-related instruments. The scheme is specifically designed for investors interested in the banking and financial services sector and looking to invest in companies operating in this sector.

The scheme has outperformed the NIFTY Financial Services TRI in the past year. Since its inception, it has had a historical annualised growth rate of 7.8% as measured by its Compound Annual Growth Rate (CAGR).

The HDFC Banking & Financial Services Fund is appropriate for investors with a long-term investment horizon of at least 3 years. Investors seeking to invest in the scheme should not be risk-averse as the performance of the fund is heavily influenced by the performance of the banking and financial services sector, which can be more volatile than the overall market.

What are the benefits of investing in the HDFC Banking & Financial Services Fund?

● One benefit of investing in HDFC Banking & Financial Services Fund is the favourable growth trend of India’s banking and financial services sector. The sector has grown faster than the country’s nominal GDP over the last two decades, providing an attractive investment opportunity for those interested in this sector.
● The scheme has outperformed its benchmark and category average in the last year.
● Investing in HDFC Banking & Financial Services Fund provides the opportunity to benefit from the low penetration and increasing adoption of financial services in India.
● It is managed by one of India’s largest asset management companies, HDFC Asset Management Company, with a strong track record, extensive resources, and a deep pool of investment expertise.
● The HDFC Banking & Financial Services Fund has a suggested investment period of 3 years compared to the typical 5 years for most other funds. This shorter suggested investment horizon can provide greater flexibility for investors who may need to access their funds sooner or with a shorter investment horizon.

Fund Managers

Anand Laddha

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

HDFC Mutual Fund
AUM:
5,56,006 Cr
Address:
HDFC House, 2nd Flr, H.T.Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020.
Contact:
022 - 6631 6333
Email ID:
cliser@hdfcfund.com

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Frequently Asked Questions

How to invest in HDFC Banking & Financial Services Fund-Dir Growth ?

You can invest in HDFC Banking & Financial Services Fund-Dir Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for HDFC Banking & Financial Services Fund-Dir Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of HDFC Banking & Financial Services Fund-Dir Growth ?

The NAV of HDFC Banking & Financial Services Fund-Dir Growth is ₹14.6 as of 27 February 2024.

How to redeem HDFC Banking & Financial Services Fund-Dir Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of HDFC Banking & Financial Services Fund-Dir Growth?

The minimum SIP amount of HDFC Banking & Financial Services Fund-Dir Growth is ₹100

What are the top sectors HDFC Banking & Financial Services Fund-Dir Growth has invested in?

The top sectors HDFC Banking & Financial Services Fund-Dir Growth has invested in are
  1. Banks - 62.58%
  2. Finance - 26.74%
  3. Insurance - 6.15%
  4. Capital Markets - 2.2%
  5. Financial Technology (Fin - 1.27%

Can I make investments in both the SIP and Lump Sum schemes of HDFC Banking & Financial Services Fund-Dir Growth?

Yes, You can select both SIP or Lumpsum investment of HDFC Banking & Financial Services Fund-Dir Growth based on your investment objective and risk tolerance.

How much returns have HDFC Banking & Financial Services Fund-Dir Growth generated ?

The HDFC Banking & Financial Services Fund-Dir Growth has delivered 15.4% since inception

What is the expense ratio of HDFC Banking & Financial Services Fund-Dir Growth ?

The expense ratio of HDFC Banking & Financial Services Fund-Dir Growth is 0.63 % as of 27 February 2024.

What is the AUM of HDFC Banking & Financial Services Fund-Dir Growth?

The AUM of HDFC Banking & Financial Services Fund-Dir Growth is ₹5,56,006 Cr as of 27 February 2024

What are the top stock holdings of HDFC Banking & Financial Services Fund-Dir Growth?

The top stock holdings of HDFC Banking & Financial Services Fund-Dir Growth are
  1. HDFC Bank - 20.52%
  2. ICICI Bank - 16.79%
  3. Axis Bank - 7.27%
  4. St Bk of India - 5.68%
  5. Power Fin.Corpn. - 4.07%

How can I redeem my investments in HDFC Banking & Financial Services Fund-Dir Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select HDFC Banking & Financial Services Fund-Dir Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now