This mid-and large-cap fund gave 26.6% returns in 5 years: Should you invest?
HDFC large and mid cap fund: Earlier known as the HDFC Growth Opportunities, this fund shed its large-cap bias when it shifted to the large- and mid-cap mandate in 2018. It is currently evenly balanced betweeen large caps and mid/small caps. The f...
By ET Bureau |
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HDFC large and mid cap fund: The fund portfolio has bloated further, now featuring nearly 200 individual bets with a very long tail of tiny positions
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
HDFC LARGE AND MID CAP BASIC FACTS DATE OF LAUNCH 18 FEBRUARY 1994
CATEGORY EQUITY TYPE LARGE & MIDCAP AUM* Rs.23,712 crore BENCHMARK NIFTY LARGE MIDCAP 250 TOTAL RETURN INDEX
WHAT IT COSTS NAV** GROWTH OPTION Rs.346.76 IDCW Rs.41.17 MINIMUM INVESTMENT
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Rs.100 MINIMUM SIP AMOUNT Rs.100
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EXPENSE RATIO# (%) 1.67 EXIT LOAD 1% for redemption within 365 days
*AS ON 31 AUG 2024 **AS ON 10 SEP 2024 #AS ON 31 JUL 2024
Should You Buy? Earlier known as the HDFC Growth Opportunities, this fund shed its large-cap bias when it shifted to the large- and mid-cap mandate in 2018. It is currently evenly balanced betweeen large caps and mid/small caps. The fund’s preference is for businesses with distinct competitive advantages, superior financial strength and the potential for unlocking value. The fund portfolio has bloated further, now featuring nearly 200 individual bets with a very long tail of tiny positions. The fund’s track record prior to 2021 was poor, with prolonged bouts of underperformance. However, the fund has turned the corner impressively under its current manager to show sustained outperformance.
