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Unrated

HDFC Banking & Financial Services Fund - 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 -- 1.49 1.61 4.85 -- -- -- -- -- -- --
S&P BSE Bankex TRI -- 2.12 2.75 4.69 -- -- -- -- -- -- --
Equity: Sectoral-Banking -- 2.09 2.65 4.98 -- -- -- -- -- -- --
Rank within category -- 20 24 15 -- -- -- -- -- -- --
Number of funds in category 28 30 30 30 28 28 25 18 17 11 8

As on 16-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Banking & Financial Services Fund - Regular Plan  | Invest Online
Unrated
Jun-21 -- -- -- 2.18 2,129
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 58.27 14.46 16.18 2.12 2,889
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 57.99 14.60 15.66 2.49 810
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 63.06 15.39 13.38 2.58 430
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 67.12 11.07 13.53 0.18 9,359

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.22 28-Jul-2021 - 04-Aug-2021 -2.73 13-Jul-2021 - 20-Jul-2021
Month 6.71 30-Jul-2021 - 31-Aug-2021 0.12 02-Jul-2021 - 02-Aug-2021
Quarter -- - -- -
Year -- - -- -

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 28
Top 10 Stocks (%) 79.41
Top 5 Stocks (%) 65.33
Top 3 Sectors (%) 97.92
Portfolio P/B Ratio 2.56
Portfolio P/E Ratio 21.62

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,65,056 2,72,908
Giant (%) 74.13 75.38
Large (%) 13.63 9.16
Mid (%) 11.44 13.20
Small (%) 0.81 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
new HDFC Bank Financial 26.70 18.84 18.84 18.84
new ICICI Bank Financial 24.94 16.73 16.73 16.73
new HDFC Financial 25.32 11.08 11.08 11.08
new State Bank of India Financial 16.20 9.03 9.03 9.03
new Axis Bank Financial 29.30 7.94 7.94 7.94
new Kotak Mahindra Bank Financial 40.00 3.55 3.55 3.55
new SBI Life Insurance Company Insurance 93.05 2.73 2.73 2.73
new ICICI Lombard General Insurance Company Insurance 64.37 2.44 2.44 2.44
new SBI Cards & Payments Services Financial 113.26 2.26 2.26 2.26
new Indusind Bank Financial 25.46 2.25 2.25 2.25
new Bajaj Finance Financial 100.52 1.57 1.57 1.57
new Muthoot Finance Financial 15.46 1.45 1.45 1.45
new The Federal Bank Financial 10.86 1.39 1.39 1.39
new UTI Asset Management Co. Financial 27.22 1.37 1.37 1.37
new Bank of Baroda Financial 12.47 1.21 1.21 1.21
new Shriram Transport Finance Company Financial 15.57 1.20 1.20 1.20
new Power Finance Corporation Financial 2.90 1.18 1.18 1.18
new REC Financial 3.51 1.16 1.16 1.16
new ICICI Prudential Life Insurance Co. Ltd. Insurance 208.83 1.08 1.08 1.08
new Cholamandalam Financial Holdings Financial 18.51 1.04 1.04 1.04
new LIC Housing Fin. Financial 11.22 1.03 1.03 1.03
new HDFC Life Insurance Insurance 127.91 0.92 0.92 0.92
new Equitas Small Finance Bank Financial 20.37 0.78 0.78 0.78
new IIFL Wealth Management Financial 36.06 0.72 0.72 0.72
new Bajaj Finserv Financial 65.55 0.72 0.72 0.72

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-Jul-2021

Fund Manager

— Anand Laddha since 11-Jun-2021

Education: Mr. Laddha has done B.Com. and CA

Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Refco-Sify Securities India Pvt. Ltd. Last Position Held - AVP - FII Equity & Derivative Sales. Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held - Equity & Derivative Sales.


1.49%

Change from previous, NAV as on 16-Sep-2021

Growth: ₹ 10.7970

IDCW: ₹ 10.7970


Investment Strategy

The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 30-Jun-2021
Return Since Launch: 7.97%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,129 Cr (As on 31-Aug-2021)
Expense: 2.18% (As on 31-Jul-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

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