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Unrated

HDFC Banking ETF - Regular Plan


Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- 3.11 2.33 10.12 -- -- -- -- -- -- --
S&P BSE Bankex TRI -- 3.35 2.72 10.14 -- -- -- -- -- -- --
Equity: Sectoral-Banking -- 2.88 1.82 7.51 -- -- -- -- -- -- --
Rank within category -- 9 7 7 -- -- -- -- -- -- --
Number of funds in category 23 25 25 25 23 23 22 17 15 10 8

As on 19-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Banking ETF - Regular Plan  | Invest Online
Unrated
Aug-20 -- -- -- 0.16 33
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -8.04 4.61 12.27 2.15 1,495
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -9.40 0.50 -- 2.59 449
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -17.84 -0.39 6.25 0.18 5,307
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -17.93 -0.44 6.32 0.18 4,392

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.96 (21-Aug-2020 - 28-Aug-2020) -8.35 (17-Sep-2020 - 24-Sep-2020)
Month 8.00 (14-Sep-2020 - 14-Oct-2020) -12.70 (28-Aug-2020 - 29-Sep-2020)
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 1.64 29.75 -0.12 -0.12 -- --
Equity: Sectoral-Banking* -1.75 30.55 -0.20 -0.25 0.98 -3.47
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.63
Top 5 Stocks (%) 88.04
Top 3 Sectors (%) 99.90
Portfolio P/B Ratio 1.58
Portfolio P/E Ratio 20.31

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,13,119 1,61,701
Giant (%) 88.13 75.19
Large (%) 7.11 9.77
Mid (%) 4.76 13.17
Small (%) -- 5.12
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 22.78 28.80 25.96 28.80
down ICICI Bank Financial 28.11 19.59 19.56 19.59
down Kotak Mahindra Bank Financial 31.82 14.87 14.75 14.87
down Axis Bank Financial 89.33 16.27 14.35 14.35
down State Bank of India Financial 8.39 11.23 10.43 10.43
down Indusind Bank Financial 13.37 5.25 4.39 4.39
up Bandhan Bank Financial 18.55 2.71 1.70 2.71
down Federal Bank Financial 7.53 1.52 1.42 1.42
down RBL Bank Financial 23.47 1.25 1.15 1.15
down IDFC First Bank Financial -- 0.93 0.92 0.92
down Bank of Baroda Financial -- 0.81 0.72 0.72
down Punjab National Bank Financial -- 0.64 0.55 0.55

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Arun Agarwal since 24-Aug-2020

Education: Mr. Agarwal is an A.C.A

Experience: He has nearly 7 years experience in Equities and has also dealt in Money Market. Prior to this, he was in Treasury Back Office with ICICI Bank.

Funds Managed:

— Krishan Kumar Daga since 10-Aug-2020

Education: Mr. Daga is a B.Com (H).

Experience: Prior to joining HDFC AMC he has worked with Reliance Mutual Fund, Reliance Capital Ltd., Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities and HSBC Securities.

Funds Managed:


3.11%

Change from previous, NAV as on 19-Oct-2020

Growth: ₹ 242.6800


Investment Strategy

The scheme seekes to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the NIFTY Bank Index subject to tracking errors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 21-Aug-2020
Return Since Launch: 8.78%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 33 Cr (As on 30-Sep-2020)
Expense: 0.16% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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