As a prolific reader of Value Research I know that you only rate funds with over three-year record. Why is HDFC Equity Savings Fund, which has been in vogue from September 2004, still unrated? How is this fund? It would be great if your analyst looks at this fund.
- Ashish Mohan
HDFC Mutual Fund has changed the fundamental attributes of HDFC Multiple Yield Fund on December 16, 2015, and renamed the scheme HDFC Equity Savings Fund.The type of scheme was changed to open-ended equity scheme from open-ended income scheme. The Investment objective was changed to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity/equity related instruments and debt/money market instruments. The asset allocation was also changed to 65-90 percent in equity and equity-related Instruments of which derivatives, including Index Futures, Stock Future, Index Options , etc will be 25-75 per cent. In short, with all those changes in the fundamental attributes, HDFC Equity Savings Fund has a history of only a little over a year. That is why it is not rated.
This article was originally published on January 20, 2016.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
