3 Year return
15.4%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹3618.22 Cr.
Expense Ratio
0.63% (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.
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
HDFC Mutual Fund Managers
AL
Anand Laddha
Fund Manager since Apr 2022
Fund House Details
HDFC Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Invesco India Infrastructure Fund |
31.78% |
0 |
Quant Infrastructure Fund |
29.97% |
0 |
DSP Healthcare Fund |
22.82% |
0 |
Schemes by HDFC Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Growth Direct Plan
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Wholesale IDCW Direct Plan Payout
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Quarterly IDCW Direct Plan Reinvestment
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Wholesale Growth Direct Plan
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Wholesale Monthly IDCW Direct Plan Payout
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 | 0.63% |
Fund Manager | Anand Laddha |
Fund Size | ₹3618.22 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 |
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!
FAQs
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What is the minimum SIP amount to invest in HDFC Banking and Financial Services Fund?
How do I invest in HDFC Banking and Financial Services Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- 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?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in HDFC Banking and Financial Services Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- 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?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.