HDFC Manufacturing Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the HDFC Manufacturing Fund Open Date, Close Date?
NFO opens on April 26, 2024
NFO will close on May 10, 2024
What is the Investment Strategy?
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the manufacturing activity.
Basic Details
Fund House | HDFC Mutual Fund |
Issue Open | 26 April 2024 |
Issue Close | 10 May 2024 |
Type | Open-ended |
Category | Equity: Thematic |
Min. Investment(Rs) | 100 |
Plans | Growth, IDCW |
Lock-in Period | NA |
Exit Load | |
Riskometer | Very High |
Benchmark | NIFTY India Manufacturing |
What is the Benchmark Index of HDFC Manufacturing Fund?
The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India. The stocks are selected from a combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index. A stock’s weight in the Nifty India Manufacturing index is based on its free-float market capitalisation subject to maximum weight of each stock at 5%. The index also has a minimum weight of 20% to certain manufacturing sectors.
Index Variant: Nifty India Manufacturing Total Returns Index.
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 10.89 | 10.89 | 54.00 | 19.79 | 14.09 |
Total Return | 11.02 | 11.02 | 55.04 | 21.21 | 15.62 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 11.06 | 19.03 | 21.43 |
Beta (NIFTY 50) | 0.87 | 0.88 | 0.92 |
Correlation (NIFTY 50) | 0.78 | 0.88 | 0.92 |
Fundamentals
P/E | P/B | Dividend Yield |
27.65 | 4.63 | 1.12 |
Top constituents by weightage
Company’s Name | Weight(%) |
Mahindra & Mahindra Ltd. | 5.02 |
Maruti Suzuki India Ltd. | 5.02 |
Reliance Industries Ltd. | 5.01 |
Tata Motors Ltd | 4.98 |
Sun Pharmaceutical Industries Ltd. | 4.95 |
Tata Steel Ltd. | 4.11 |
Bajaj Auto Ltd. | 3.32 |
Bharat Electronics Ltd. | 2.66 |
Hindalco Industries Ltd. | 2.62 |
JSW Steel Ltd. | 2.54 |
Performance Review of the Fund Manager of HDFC Manufacturing Fund?
Which Company Owns HDFC Manufacturing Fund?
HDFC Asset Management Company Ltd.
Address: “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in HDFC Manufacturing Fund NFO?
Guidance for HDFC Manufacturing Fund by Paresh Gordhandas, C.A., Research Analyst.
HDFC is the third AMC in recent times to launch a manufacturing fund. Quant Manufacturing Fund and Axis India Manufacturing Fund are the two other funds which have been launched in the past few months. ICICI Prudential Manufacturing Fund, Canara Robeco Manufacturing Fund are the few other funds in this space.
Of these , the ICICI Prudential Manufacturing Fund has given 70.25% return in one year, 40.02% return in six months and 15.07% return in three months. Manufacturing is the cornerstone on which the Indian economy is looking to establish itself and move from a developing country to a developed country over the coming decades.
HDFC is a strong AMC and investing some amount in this fund can be considered advisable.
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