HDFC Growth Opportunities Fund is an open-ended equity scheme that invests in large cap and mid cap stocks. It aims to generate long-term capital appreciation/income from a portfolio constituting equity and equity related securities of primarily large cap and midcap companies. The scheme would mainly park money in businesses spanning entire market capitalization which:
a) are likely to have above average growth
b) have superior financial strength
c) enjoy distinct competitive advantages
d) are trading at relatively attractive valuations; and/or
e) have value unlocking potential.
About HDFC Mutual Fund: HDFC Mutual Fund is one of the India’s leading mutual fund managers, with AUM of Rs. 3.7 trillion. It offers a range of savings and investment products across different asset classes. HDFC Mutual Fund holds a dominant position in equity investments, with the highest market share in actively managed equity-oriented funds.
(Note - All the information contained in this page has been sourced from the official website of HDFC Mutual Fund and HDFC Securities.)
The features of HDFC Growth Opportunities Fund are as under:
| Expense Ratio (%) | 2.40 |
| 1373.73 (Rs. in crore) as on November 30, 2019 | Open Ended |
| Exit Load (%) | 1 |
| Min Investment | 5,000 |
| Fund Category | Equity |
| Benchmark | NIFTY Large Midcap 250 (Total Returns Index) |
Source: HDFC Securities website
The below is the asset allocation in case of equity fund:
| Statistic | Fund (%) | Index (%) |
|---|---|---|
| Return | 0.00 | 8.84 |
| Alpha | 0.00 | 0.00 |
| Volatility | 171.98 | 11.37 |
| Beta | 0.00 | 8.84 |
| Sharpe Ratio | 0.02 | 0.00 |
| Treynor Ratio | 0.00 | 0.00 |
| Sortino Ratio | -0.45 | -0.49 |
Source: HDFC Securities website
| Sector | Allocation |
|---|---|
| Refineries | 24.6% |
| Banks - Private Sector | 22.62% |
| Power Generation and Supply | 19.44% |
| Banks - Public Sector | 17.23% |
| Miscellaneous | 16.11% |
Source: HDFC Securities website
| Plan Name | NAV Date | NAV Amount (Rs.) |
|---|---|---|
| HDFC Growth Opportunities Fund - Growth Option - Direct Plan | 04 Dec, 2019 | 117.0630 |
| HDFC Growth Opportunities Fund - Growth Option | 04 Dec, 2019 | 115.7140 |
| HDFC Growth Opportunities Fund - Dividend Option - Direct Plan | 04 Dec, 2019 | 22.6290 |
| HDFC Growth Opportunities Fund - Dividend Option | 04 Dec, 2019 | 19.4370 |
Source: HDFC Mutual Fund website
| Top Holdings | Value (Rs. Cr) | Hold % |
|---|---|---|
| ICICI Bank | 110.1731 | 8.15 |
| St Bk of India | 109.1916 | 8.07 |
| NTPC | 95.2012 | 7.04 |
| Reliance Inds. | 87.8194 | 6.49 |
| Infosys | 73.1113 | 5.41 |
Source: HDFC Securities website
To invest in HDFC mutual funds online, users will first need to create a mutual fund account. The steps to open a Digify Mutual Fund account online are:
1 - Enter details on the Registration page
2 - Fill in the OTP received on registered mobile number and email ID
3 - Enter PAN and select Proceed
4 - Put in Bank details and PAN to check KYC compliance
5 - Check auto-populated FATCA and Compliance Questionnaire fields and press on Proceed
There is also the facility to invest in mutual fund scheme through the offline route. The individual will need to visit a branch office, fill up the application form and submit the necessary documents to invest in schemes of his or her choice.
The documents that are generally required to invest in a mutual fund include:
