| Launch date | 11 Jun 2021 |
| Allotment date | 30 Jun 2021 |
| End date | 25 Jun 2021 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.82%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Anand LaddhaJun 2021 - PresentView details
Dhruv MuchhalJun 2023 - PresentView details
Fund house & investment objective
| Rank (total assets) | #2 in India |
|---|---|
| Total AUM | ₹9,52,319.77Cr |
| Date of Incorporation | 10 Dec 1999 |
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HDFC Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999. Anand Laddha is the Current Fund Manager of HDFC Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹9,52,320 Cr and the Latest NAV as of 09 Apr 2026 is ₹18.09. The HDFC Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 1%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services. ;
| Fund benchmark | NIFTY Financial Services Total Return Index |
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