3 Year return

0
Launched on June 2021 (3 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹3294.6 Cr.

Expense Ratio

0.56% (inclusive of GST)

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.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

HDFC Mutual Fund Managers

There are no records found for Fund Manager

Fund House Details

HDFC Mutual Fund

HDFC Mutual Fund Asset management company

AUM ₹617,677.76 Cr.
No. of Schemes 168
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by HDFC Mutual Fund

List of mutual fund schemes by AMC

About HDFC Banking and Financial Services Fund Growth Direct Plan

HDFC Banking and Financial Services Fund Growth Direct Plan is an open-ended equity mutual fund plan offered by HDFC Mutual Fund. This fund falls within the thematic/sectoral category and predominantly invests in a majority of large-cap stocks of companies in the banking and financial services sector. The remaining investment is in small and mid-cap stocks in the same sector.

Investment Objective of the Scheme

The investment objective of the HDFC Banking and Financial Services Fund Growth Direct Plan is to offer long-term capital appreciation through the investment in the equity of companies involved in the banking/financial services sector. The scheme aims at capitalising on investment in growth opportunities that may be driven by variables like financial inclusion, economic growth, and digitalisation. The fund aims at wealth creation by concentrating on a targeted portfolio.

Key Features of The Fund

5-year return NA
Expense Ratio 0.56%
Fund Manager NA
Fund Size ₹3294.6 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are an investor who believes in the growth prospects of the banking and financial services sector and seeks exposure to this particular theme, the HDFC Banking and Financial Services Fund Growth Direct Plan may be considered. Experienced investors with knowledge about macro trends may be interested in such a scheme too. As such, you should have a high risk appetite. As with any investment, before you take the plunge, you may consider evaluating your own financial needs and goals for the future.

AMC Contact Details

Name HDFC Mutual Fund
Launch Date July 2000
Addresss "HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400020
Contact 1800 3010 6767 1800 419 7676
Email hello@hdfcfund.com
Website https://www.hdfcfund.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

SIP or Lump Sum? We Can Help You Decide!

Simplify the decision-making process between SIP and lump sum investments using our user-friendly systematic investment plan calculator. Armed with accurate insights, effortlessly make informed decisions to maximise your returns. By optimising your investment strategy, you can effectively leverage your funds for optimal gains, setting the stage for financial success.

FAQs

What is today's NAV of HDFC Banking and Financial Services Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of HDFC Banking and Financial Services Fund Jun 20 2024 is 16.247

What is the AUM of HDFC Banking and Financial Services Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of HDFC Banking and Financial Services Fund is 3294.6 crore.

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

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of HDFC Banking and Financial Services Fund is 0.56%

What are the returns of HDFC Banking and Financial Services Fund since inception?

The HDFC Banking and Financial Services Fund was launched on Jun 11 2021. The fund has delivered a CAGR of 17.61 since inception.

What is the minimum SIP amount to invest in HDFC Banking and Financial Services Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for HDFC Banking and Financial Services Fund is 100.

How do I invest in HDFC Banking and Financial Services Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in HDFC Banking and Financial Services Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in HDFC Banking and Financial Services Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in HDFC Banking and Financial Services Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.