Fund Details
HDFC Monthly Income Plan Short term Plan Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.49% |
| NAV | ₹30.94 (25 May 2018) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹299 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | CGL | 11.2% |
| GOI | Sovereign | CGL | 10.7% |
| Hindalco Industries Ltd. | Metals | Bonds/NCD | 3.8% |
| State Bank of India | Financial | Bonds | 3.6% |
| National Highways Authority of India Ltd. | Services | Bonds | 3.6% |
| GOI | Sovereign | CGL | 3.5% |
| GOI | Sovereign | GOI Sec | 2.0% |
| Tata Steel Ltd. | Metals | Debenture | 1.9% |
| KEC International Ltd. | Engineering | Equity | 1.9% |
| Syndicate Bank | Financial | Debenture | 1.9% |
Fund Managers
HDFC Monthly Income Plan Short term Plan Direct Growth Details
HDFC Monthly Income Plan Short term Plan Direct Growth is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Shobhit Mehrotra, Vinay Kulkarni is the Current Fund Manager of HDFC Monthly Income Plan Short term Plan Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹299 Cr and the Latest NAV as of 25 May 2018 is ₹30.94.
The HDFC Monthly Income Plan Short term Plan Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Exit load of 1% if redeemed within 1 year
Investment Objective
The scheme aims to generate regular returns through investment primarily in debt and money market instruments. It will also invest in equity and equity related securities to generate long-term capital appreciation.
Tax Implications
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.
