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Unrated

HDFC Banking ETF


1 Lakh

Investment Grown to
₹ 1.85 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.45 Lakh

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 21.17 0.16 0.05 5.91 8.82 13.82 85.07 -- -- -- --
S&P BSE Bankex TRI 20.90 -0.06 -0.04 6.82 9.92 15.74 86.50 -- -- -- --
Equity: Sectoral-Banking 22.40 -0.02 -0.22 5.90 8.19 14.89 80.66 -- -- -- --
Rank within category 18 7 10 18 18 21 11 -- -- -- --
Number of funds in category 28 30 30 30 28 28 25 18 17 11 8

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Banking ETF  | Invest Online
Unrated
Aug-20 85.07 -- -- 0.16 170
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 72.32 18.02 16.22 1.97 2,889
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 69.18 18.59 15.11 2.26 810
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 79.77 19.67 13.47 2.58 430
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 85.21 14.41 13.57 0.18 9,359

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.64 29-Jan-2021 - 05-Feb-2021 -8.35 17-Sep-2020 - 24-Sep-2020
Month 24.73 30-Oct-2020 - 01-Dec-2020 -13.33 12-Mar-2021 - 12-Apr-2021
Quarter 48.53 24-Sep-2020 - 24-Dec-2020 -11.01 12-Feb-2021 - 14-May-2021
Year 85.07 24-Sep-2020 - 24-Sep-2021 48.35 28-Aug-2020 - 30-Aug-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 15.12 33.61 0.33 0.40 -- --
Equity: Sectoral-Banking* 12.89 33.81 0.28 0.32 0.96 -1.83
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 31-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 97.99
Top 5 Stocks (%) 85.88
Top 3 Sectors (%) 99.70
Portfolio P/B Ratio 2.43
Portfolio P/E Ratio 23.54

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,59,529 2,72,908
Giant (%) 86.14 75.38
Large (%) 7.31 9.16
Mid (%) 5.84 13.20
Small (%) 0.71 2.97
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
up HDFC Bank Financial 27.44 30.10 25.96 30.10
down ICICI Bank Financial 25.14 22.84 18.63 22.00
down Axis Bank Financial 29.13 16.59 11.46 11.84
down Kotak Mahindra Bank Financial 40.94 16.29 11.37 11.37
down State Bank of India Financial 15.92 13.27 9.55 10.57
up Indusind Bank Financial 26.34 5.51 4.37 5.51
up AU Small Finance Bank Financial 28.68 2.34 0.00 2.28
up Bandhan Bank Financial 22.91 2.75 1.70 1.78
up The Federal Bank Financial 10.63 1.54 1.30 1.49
up IDFC First Bank Financial -- 1.37 0.77 1.05
up Punjab National Bank Financial 13.24 1.11 0.46 1.00
up RBL Bank Financial -- 1.25 0.71 0.71

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 31-Aug-2021

Fund Manager

— Arun Agarwal since 24-Aug-2020

Education: Mr. Agarwal is a B.Com., Chartered Accountant

Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.

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:


0.16%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 378.7100


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 21-Aug-2020
Return Since Launch: 62.26%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 170 Cr (As on 31-Aug-2021)
Expense: 0.16% (As on 31-Aug-2021)
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

Upcoming Video

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DateThursday, 30-Sep-2021
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