Hdfc Top 100 Fund Idcw

HDFC Top 100 Fund – IDCW is a mutual fund scheme that primarily invests in large-cap companies in India. The scheme has been operational since 1996 and has a track record of delivering consistent returns over the years. The major objective of this scheme is to provide long-term capital appreciation and income to its investors.

Moreover, ‘IDCW’ stands for Income Distribution cum Capital Withdrawal, which means that the scheme pays dividends to its investors from time to time. Whereas, ‘HDFC Top 100 Fund’ refers HDFC mutual fund, which puts money into the stocks of the 100 biggest companies in India — these companies are ranked based on their market capitalization.

Hereunder, we present the key aspects of HDFC Top 100 Fund – IDCW, shedding light on what makes it a preferred choice for many investors. Let’s scroll down.

Key Parameters

Following are the key parameters of HDFC Top 100 Fund – IDCW

• Fund Type: Open Ended
• Fund Category: Equity – Large Cap
• Fund Launch Date: September 04, 1996
• Fund Manager: Rahul Baijal
• NAV (Net Asset Value) as of August 29, 2023: Rs 51.813
• Assets Under Management (AUM) as of July 31, 2023: ₹ 25,775.56 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 – IDCW depends on the duration and amount of your investment.

• If you sell or redeem your units before one year of investing, you’ll 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 will be subject to long-term capital gain tax, which amounts to 10% of the profits you earn. Notably, if your profits are below ₹1 lakh, you will be exempted from this tax.
• The dividends you receive from the scheme are also subject to tax deduction at the source (TDS). For Indian resident investors, this tax is 10%, and for non-resident investors, it’s 20%.

Holdings

The holdings of HDFC Top 100 Fund – IDCW refers to the stocks or investments that the fund owns. These assist investors in understanding the strategies and style the fund manager follows and the risk and returns (profit) the fund aims for. Moreover, these holdings can change every so often based on the market conditions and the fund manager’s decision. However, the fund currently has 51 total holdings, with a total portfolio value of ₹ 25,775.56 Cr.

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

Returns

The returns of HDFC Top 100 Fund – IDCW show how much the scheme’s value has changed as a percentage over different time periods. In other words, these returns indicate how well the fund has done in the past and how the market has been. Nonetheless, the returns can differ from month to month and from year to year, influenced by market shifts and the fund manager’s approach.

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

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

The Investment Objective of HDFC Top 100 Fund – IDCW

This fund mainly aims to help investors grow their money over a long time period. To achieve this, the fund mostly puts money into well-established and high-capitalized companies in India. Hence, this fund is a good fit for people planning to invest for a long time horizon and are comfortable with taking higher risks.

HDFC Top 100 Fund – IDCW is well-suited for a range of investors as follows:

• Long-Term Wealth Creation: Investors who want to create wealth over the long term can consider this fund as a good option, as the fund comes under a large-cap category.
• Conservative Investors: Investors seeking regular income can benefit from the IDCW option, as it provides a consistent stream of dividends.
• Retirement Planning: The fund’s stable performance and income distribution could be valuable to retirement portfolios.
• Risk-Averse Individuals: Investors who are looking for a stable and risk-free investing option find this appealing, as the fund focuses more on well-established companies.

Minimum Investment and Lock-in Period

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

Minimum Investment

The minimum SIP amount for HDFC Top 100 Fund – IDCW is ₹100 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000.

Lock-in Period

The lock-in period of HDFC Top 100 Fund – IDCW is 1 year. I.e., if you redeem or sell your units within one year of investment, you will have to pay an exit load of 1% on the profits you make. However, if you hold your units for more than 1 year, you can redeem or sell them without any charges.

AMC Information

The AMC of HDFC Top 100 Fund – IDCW is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI). The company was founded in Mumbai on December 10, 1999, named HDFC Asset Management Company Limited. Currently, the company is India’s largest and most profitable mutual fund manager, with Rs 3.7 trillion in assets.

Here is the AMC information for HDFC Top 100 Fund – IDCW:

• 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.