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Outlook on HDFC Capital Builder

It is not an outperformer and investors should shift their investments elsewhere

I have invested in HDFC Capital Builder through SIPs since June 2006. When a new fund manager took over in 2007, it did seem to be doing well, for a little while. However, I would like to find out whether I should swap my HDFC Capital Builder units with HDFC Equity?
- Shaanto

More than the fund manager pushing up the returns, it was the market rally that helped HDFC Capital Builder Fund gain in 2007. Its returns in 2009 have been 58.77 per cent, ranked 88th among 213 funds, compared to the category average of 56.80 per cent. In 2008, its fall was similar to the category average and was ranked 99th among 193 funds.

The returns of this fund do not put it in the top ranks. You may consider other top-rated large-cap funds such as Birla Sun Life Frontline Equity, DSPBR Equity, DWS Alpha Equity, HDFC Top 200 and Magnum Contra.

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