Tag: HDFC Mutual Fund

Business

HDFC Mutual Fund launches HDFC NIFTY200 Momentum 30 Index Fund

Feb 10, 2024 by Sujata Muguda 0 Comments #HDFC Asset Management Company, #HDFC Mutual Fund, #HDFC NIFTY200 Momentum 30 Index Fund, #Mr. Navneet Munot

Mumbai, February 10, 2024: HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses announces the launch of the HDFC NIFTY200 Momentum 30 Index Fund. The captioned NFO opens on Feb 9th and closes on Feb 23rd 2024.

The HDFC NIFTY200 Momentum 30 Index Fund allows investors to participate in the growth potential of Momentum stocks. It is an open-ended scheme that aims to replicate the NIFTY200 Momentum 30 Index. The NIFTY200 Momentum 30 Index selects top 30 stocks from the NIFTY 200 based on their Normalized Momentum Score. The index offers potential exposure to both largecap and midcap stocks through a single product, as its parent index is the NIFTY 200 Index.

The fund adapts dynamically to changing market conditions, ensuring responsiveness to evolving trends. Historical data demonstrates the index’s ability to outperform traditional market indices, hence investors seeking long-term growth opportunities could consider this as an option. With lower expense ratio and a focus on capturing market momentum, HDFC NIFTY200 Momentum 30 Index Fund is an investment option for investors looking to capitalize on prevailing market trends and secure potentially better returns over time.

Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company, stated, “At HDFC Mutual Fund, our mission to be the wealth creator for every Indian continues to drive us to offer best in class investment solutions to our investors. We remain committed to delivering excellence in Index Solutions, leveraging our 20+ years of expertise in this space. We are excited to introduce the HDFC NIFTY200 Momentum 30 Index Fund, allowing investors to participate in the growth potential of Momentum stocks.”

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*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.

# The product labeling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

Business

HDFC Flexi Cap Fund – Growth of nearly 150 times in over 29 years

Jan 17, 2024 by Sujata Muguda 0 Comments #HDFC Flexi Cap Fund, #HDFC Mutual Fund, #Roshi Jain

Bengaluru, 17 Jan 2024: HDFC Flexi Cap Fund, an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks, has successfully completed 29 years of operation in 2024. Over the past 29 years, the Fund has delivered a Compound Annual Growth Rate (CAGR) of 18.87%.

Further, an SIP of Rs 10,000 invested since inception systematically on the first business day of every month (total investment Rs 34.8 Lacs) in HDFC Flexi Cap Fund would have grown to Rs. 16.5 crores by December 31, 2023. Such performance is a testament to the fund’s ability to navigate market fluctuations and deliver steady growth to investors.

The Fund’s investment strategy revolves around bottom-up approach to stock selection with focus on quality companies at reasonable valuations. The idea is to select strong companies with growth drivers in the medium to long term. After a considered evaluation of the industry and business cycle and the positioning of a company within that sector, risk-adjusted position is taken in the portfolio.

HDFC Flexi Cap Fund follows a research-driven investment process ably supported by an extremely experienced in-house research team covering over 400 stocks. Diversification across sectors and themes, coupled with a sharp focus on valuations, underscores the fund’s commitment to sustainably create alpha through a disciplined and scalable process.

Roshi Jain, Senior Fund Manager, HDFC Mutual Fund, said “As HDFC Flexi Cap Fund marks its 29th anniversary, our unwavering commitment to fundamental research and long-term oriented approach to stock selection stands as the cornerstone for wealth creation strategy. Through meticulously crafted portfolios, thorough research, and a dedication to enduring value, we hope to continue to navigate the financial landscape with discipline, for sustained growth for our investors over the long term.”

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Business World

HDFC Mutual Fund’s socially responsible Initiative #NurtureNature on World Environment Day

May 31, 2021 by Neel Achary 0 Comments #HDFC Mutual Fund

Mumbai, 31 May 2021: HDFC Mutual Fund (HDFC MF) has initiated a socially responsible campaign #NurtureNature to plant a tree on behalf of investors who register for a Systematic Investment Plan (SIP) between 31 May – 4 June 2021. HDFC MF has associated with Grow-Trees.com dedicated to the cause of planting trees, for this innovative social cause.

A Systematic Investment Plan is a great way to invest in mutual funds, wherein a fixed amount is invested at regular intervals in a disciplined manner without having to worry about market ups and downs and timing of entry. With a SIP, an investor can aim to build a corpus for his/her long-term goals like retirement, children’s education, and wealth creation, etc.

HDFC MF will have a sapling planted on the investor’s behalf, for registering a SIP through digital/online modes only with a minimum of Rs. 1000 per month, for a tenure of at least 3-years in an equity-oriented scheme (excluding arbitrage and index funds) in both regular and direct plans. After a period of 3-months post the date of registration, a tree will be planted on behalf of the investor, and the investor will receive an eCertificate from HDFC MF.

Commenting on this socially responsible initiative, Mr. Navneet Munot, MD & CEO, HDFC Asset Management Co. Ltd. said, “Our #NurtureNature initiative of planting trees on behalf of investors commencing SIPs is aimed at helping investors create wealth while contributing to a greener future. We also want to encourage digital onboarding which brings convenience to investors while supporting the environment.”

Commenting on this socially responsible initiative Mr. Bikrant Tiwary, CEO Grow-Trees.com said “Grow-Trees is delighted to be associated with HDFC MF for planting trees in India. It’s time that we realise our responsibilities and give back to nature what we took. We hope that with this initiative, we are able to bridge the gap a little.”