What makes HDFC Mid-Cap Opportunities Fund a superlative performer

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 Mid-Cap Opportunities Fund

How has the fund performed?
The fund has far outperformed both the index and peers over the past decade. With a 10-year return of 17.97%, the fund has outperformed the category (average return: 13.42%) and the benchmark (11.58%) by a wide margin.

As on 8 Aug 2017

Annualised performance (%)
The fund has outperformed across most time periods.

As on 8 Aug 2017

Yearly performance (%)
Not counting the ongoing year, the fund has underperformed in just one calendar year in the past.

As on 8 Aug 2017

Basic Facts
Date of launch: 25 Jun 2007
Category: Equity
Type: Mid Cap
Average AUM: Rs 17,841.14 cr
Benchmark: Nifty Free Float Midcap 100 Index

What it costs
NAV's
Growth option: Rs 54
Dividend option: Rs 33
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio (%):2.26

Exit load: 1% for redemption
within 365 days
*As on 8 Aug 2017
^As on 30 Jun 2017

Fund manager : Chirag Setalvad
Tenure: 10 Years and 2 months
Education: B.Sc and MBA

Where does the fund invest?
The fund is hugely diversified and takes modest exposure in its top bets.

How risky is it?
The fund has a better risk-reward profile than many of its peers.

Wherever not specified, data as on 31 Jul 2017. Source: Value Research

Should you buy?
The fund has delivered superlative results over the past few years. A much lower portfolio average market capitalisation than its peers indicates that the fund is more focused on the mid-cap space. Its approach remains consistent under a skilled fund manager who has managed it since inception.

The focus on bottom-up stock selection and emphasis on quality continues to be the mainstay for the fund. With increased corpus, the portfolio has become large and the diversification allows modest exposure to its top bets and a longer tail. While its performance has dipped slightly this year, its track record over many years shows the fund is adept at delivering superior returns over market cycles.