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HDFC Banking & Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
13.78%
1M return
+0.96% 1D
1M
6M
1Y
All
NAV: 16 Aug 2022₹10.99
Min. SIP amount₹300
RatingNA
Fund size₹2,485.82Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Absolute returns
3M6M1YAll
Fund returns18.3%5.4%6.5%9.9%
Category averageNANA56.1%NA
Rank with in category5410NA
Understand terms

Holdings (28)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity18.9%
HDFC Bank Ltd.FinancialEquity18.2%
Housing Development Finance Corpn. Ltd.FinancialEquity11.0%
State Bank of IndiaFinancialEquity8.9%
Axis Bank Ltd.FinancialEquity8.8%
SBI Life Insurance Company Ltd.InsuranceEquity4.2%
Indusind Bank Ltd.FinancialEquity3.0%
SBI Cards & Payments Services Ltd.FinancialEquity2.2%
Bajaj Finance Ltd.FinancialEquity2.1%
ICICI Lombard General Insurance Company Ltd.InsuranceEquity2.0%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 0.54%
1Y annualised returns lower than category average by 49.61%

Expense ratio, exit load and tax

Expense ratio: 0.54%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹300

Fund management

Anand Laddha
Jun 2021 - Present
View details

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.
Also manages these schemes

Priya Ranjan
May 2022 - Present
View details

Education
Mr. Ranjan is B.E(Computer Science) and PGDBM (Finance).
Experience
He has over 14 years of experience in equity research.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
"HDFC House"-2nd Floor,H.T. Parekh Marg - 165-166, Backbay Reclamation,Churchgate Mumbai 400020
Phone
1800-3010-6767 / 1800-419-7676
Launch Date
10 Dec 1999
E-mail
NA
Website
NA
HDFC Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in HDFC Banking & Financial Services Fund Direct Growth?

You can easily invest in HDFC Banking & Financial Services Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for HDFC Banking & Financial Services Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in HDFC Banking & Financial Services Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does HDFC Banking & Financial Services Fund Direct Growth provide?

The HDFC Banking & Financial Services Fund Direct Growth has been there from 30 Jun 2021 and the average annual returns provided by this fund is 6.50% since its inception.

How much expense ratio is charged by HDFC Banking & Financial Services Fund Direct Growth?

The term Expense Ratio used for HDFC Banking & Financial Services Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of HDFC Banking & Financial Services Fund Direct Growth is 0.54% as of 17 Aug 2022...

What is the AUM of HDFC Banking & Financial Services Fund Direct Growth?

The AUM, short for Assets Under Management of HDFC Banking & Financial Services Fund Direct Growth is ₹2,485.82Cr as of 17 Aug 2022.

How to Redeem HDFC Banking & Financial Services Fund Direct Growth?

If you want to sell your HDFC Banking & Financial Services Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of HDFC Banking & Financial Services Fund Direct Growth?

You can select either SIP or Lumpsum investment of HDFC Banking & Financial Services Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of HDFC Banking & Financial Services Fund Direct Growth?

The NAV of HDFC Banking & Financial Services Fund Direct Growth is ₹10.99 as of 16 Aug 2022.

What is the PE and PB ratio of HDFC Banking & Financial Services Fund Direct Growth?

The PE ratio ratio of HDFC Banking & Financial Services Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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