Hdfc Top 100 Fund Growth

HDFC Top 100 Fund – Growth is a large-cap equity mutual fund managed by HDFC Asset Management Company, one of India’s leading asset management companies. As the name suggests, this fund primarily invests in the top 100 companies — based on the market capitalisation — listed on the Indian stock exchanges. The fund’s main objective is to provide long-term capital appreciation with minimal risk, as it invests in diversified and growth-oriented entities.

However, it does not mean HDFC Top 100 Fund – Growth is completely risk-free. Similar to any other mutual fund scheme, there are certain things that an ideal investor should be aware of before embarking on their investment journey. These include factors such as fund returns, holdings, expense ratio, exit load, taxation, fund manager, fund house, and more.

To make your investment journey easier, Urban Money presents this comprehensive guide that covers everything you need to know about HDFC Top 100 Fund – Growth. Let’s dive in.

Key Parameters

Following are the key parameters of HDFC Top 100 Fund – Growth.

• Fund Type: Open Ended

• Fund Category: Equity – Large Cap

• Fund Launch Date: September 03, 1996

• Fund Manager: Mr Prashant Jain

• NAV (Net Asset Value) as of August 29, 2023: Rs 845.428

• Assets Under Management (AUM): Rs 5.3L Cr

• Expense Ratio as of July 31, 2023: 1.69%

• Exit Load: 1% if redeemed within 1 year

• Benchmark: NIFTY 100 Total Return Index

• Risk-o-metre: Very High

• Risk Grade: Above Average

• Return Grade: High

Taxation

The taxation of HDFC Top 100 Fund – Growth depends on the duration and amount of your investment.

• If you sell or redeem your units before one year of investing, you will be subject to the short-term capital gain tax, which amounts to 15% of your profits.

• If you sell or redeem your units after one year of investing, you’ll be subject to long-term capital gain tax, which amounts to 10% of your profits. Notably, if your profits are below ₹1 lakh, you will be exempted from this tax.

Holdings

The holdings of HDFC Top 100 Fund – Growth refers to the stocks or investments that the fund owns. Scrutinizing a list of holdings assists investors in understanding the strategies and style the fund manager follows and the risk and returns(profit) the fund aims for. Notably, these holdings can change every so often based on the market conditions and the fund manager’s decision.

As of July 31, 2023, the top 10 holdings of HDFC Top 100 Fund – Growth are as follows:

Returns

Mutual fund returns represent the difference between how much your investment has grown and the initial amount you invested. Hence, scrutinising a list of returns helps you understand how well the fund has done in the past and the market condition.

Let’s take a look at the list of returns of HDFC Top 100 Fund – Growth:

Let’s take a look at the list of SIP returns of HDFC Top 100 Fund – Growth as of 29th August 2023:

The Investment Objective of HDFC Top 100 Fund – Growth

The investment objective of HDFC Top 100 Fund – Growth is to generate long-term capital appreciation by investing in a diversified portfolio of predominantly equity and equity-related instruments of large-cap companies. To achieve this, the fund mainly focuses on well-established companies with strong growth potential and aims to benefit from their performance over the long term. Hence, this fund is a good fit for people planning to invest for a long time horizon and are comfortable accepting a certain level of risk associated with equity investments.

Minimum Investment and Lock-in Period

The minimum investment and lock-in period of HDFC Top 100 Fund – Growth are as follows:

Minimum Investment

The minimum amount required to invest in HDFC Top 100 Fund – Growth via lump sum is Rs 100, and via SIP is also Rs 100. Thus, you can start investing in this fund with a small amount of money and increase it gradually as per your convenience and financial goals.

Lock-in Period

The lock-in period of HDFC Top 100 Fund – Growth is 1 year. I.e., if you redeem or sell your units within 1 year from the purchase date, you will have to pay an exit load of 1% of the sell value. However, if you hold your units for more than 1 year, you can redeem or sell them without any exit load.

AMC Information

The AMC of HDFC Top 100 Fund – Growth is a company that co-partnership between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI). Started in 1999 in Churchgate, Mumbai. Today, the company stands as India’s largest and most profitable mutual fund manager, with Rs 3.7 trillion in assets.

Take a look at some important information about the AMC of HDFC Top 100 Fund – Growth:

• Name: HDFC Asset Management Company Limited
• Setup Date: 30-Jun-2000
• Incorporation Date: 10-Dec-1999
• Website: https://www.hdfcfund.com/
• Address: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai – 400020
• Phone: 022 – 66316333
• Email: cliser@hdfcfund.com
• CEO: Mr Navneet Munot
• CIO: Mr Prashant Jain
• AUM: Rs 5.3L Cr
• Total Schemes: 133 across equity, debt, hybrid, solution-oriented, and other categories.