HDFC Equity Savings Direct Plan Growth is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Anil Bamboli, Vinay Kulkarni, Krishan Daga is the Current Fund Manager of HDFC Equity Savings Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹4,503 Cr and the Latest NAV as of 11 Dec 2019 is ₹39.58.
The HDFC Equity Savings Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days.
The investment objective of the scheme is to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days