HDFC S&P BSE 500 Index Fund NFO
NFO opens on April 06, 2023
NFO will close on April 18, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the S&P BSE 500 Index, subject to tracking error.
Basic Details
Fund House | HDFC Mutual Fund |
Issue Open | 06 April 2023 |
Issue Close | 18 April 2023 |
Type | Open-ended |
Category | Equity: Flexi Cap |
Min. Investment(₹) | 100 |
Plans | Growth |
Lock-in Period | NA |
Exit Load | 0 |
Riskometer | Very High |
Benchmark | S&P BSE 500 TRI |
About Benchmark Index
The S&P BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index covers all major industries in the Indian economy.
Index Attributes:
The index consists of 500 constituents listed at BSE Ltd. It is calculated using a float-adjusted, market-cap-weighted methodology. Regarded as a proxy for the Indian economy, the S&P BSE 500 captures more than 95% of the market cap of the listed universe at BSE Ltd.
Methodology Construction:
• Universe. Constituents must be members of the S&P BSE AllCap.
• Market Cap. Index market cap is based on float-adjusted market cap.
• Liquidity. This is measured by using average three-month value traded in the rank value traded in the ranking calculation. In addition, eligible companies must have traded for at least 80% of the trading days at the BSE during the three-month reference period.
• Constituent Selection. Eligible stocks are considered for index inclusion based on their final ranking standing. Rankings are calculated assuming a combination of average total market cap, average float-adjusted market cap, and average value traded, over a period of six months prior to the rebalancing. The top 500 ranked stocks form the index. In order to keep turnover at a minimum, new eligible securities will only be considered for index inclusion if current index stocks fail to remain among the top 550 securities. Between rebalancing dates, an index addition generally is made only if a vacancy is created by an index deletion. Deletions may occur at any time due to acquisitions, mergers, spin-offs, suspension or bankruptcies.
Quick Facts | |
WEIGHTING METHOD | Float-adjusted market cap weighted |
REBALANCING FREQUENCY | Semiannually in June and December |
CALCULATION FREQUENCY | Real time |
CALCULATION CURRENCIES | INR, USD |
LAUNCH DATE | August 9, 1999 |
FIRST VALUE DATE | February 1, 1999 |
Performance
INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
TOTAL RETURNS | 28,738.22 | -2.75% | -8.96% | -5.99% | 2.92% | 17.97% | 10.89% | 13.92% |
PRICE RETURNS | 23,084.79 | -2.92% | -9.14% | -6.18% | 1.51% | 16.43% | 9.49% | 12.41% |
Calendar Year Performance
2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
TOTAL RETURNS | 4.77% | 31.63% | 18.41% | 8.98% | -1.81% | 37.60% | 5.15% | 0.45% | 38.93% | 4.93% |
PRICE RETURNS | 3.34% | 30.11% | 16.80% | 7.75% | -3.08% | 35.94% | 3.78% | -0.82% | 36.96% | 3.25% |
Risk
ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
STD DEV | 22.62% | 19.75% | 17.07% | 0.79 | 0.55 | 0.82 |
Fundamentals
P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
22.26 | 22.66 | 3.17 | 0.01 | 2.45 | -49.43 |
Index Characteristics
NUMBER OF CONSTITUENTS | 501 |
CONSTITUENT MARKET CAP [INR CRORE] | |
MEAN TOTAL MARKET CAP | 47,484.63 |
LARGEST TOTAL MARKET CAP | 15,70,838.65 |
SMALLEST TOTAL MARKET CAP | 2,231.25 |
MEDIAN TOTAL MARKET CAP | 15,366.93 |
WEIGHT LARGEST CONSTITUENT [%] | 7.1 |
WEIGHT TOP 10 CONSTITUENTS [%] | 40.3 |
Study about Benchmark Index in details
Fund Manager
1) Nirman Morakhia
Education: Mr. Morakhia has done B.M.S and M.B.A- Financial Markets
Experience: Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
Past Performance of his Schemes
Fund | HDFC Balanced Advantage Fund | It’s Benchmark | HDFC Equity Savings Fund | It’s Benchmark |
1 Year | 11.69 | 0.26 | 3.70 | 2.78 |
3 Year | 28.96 | 22.41 | 14.95 | 10.88 |
5 Year | 12.03 | 11.21 | 7.62 | 7.92 |
7 Year | 13.80 | 12.27 | 9.73 | 8.43 |
10 Year | 14.42 | 11.83 | 9.13 | 8.58 |
2) Arun Agarwal
Education: Mr. Agarwal is a B.Com. and Chartered Accountant
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
Past Performance of his Schemes
Fund | HDFC Index Fund Nifty 50 Plan | It’s Benchmark | HDFC Index Fund – S&P BSE Sensex Plan | It’s Benchmark |
1 Year | -0.85 | -0.28 | 0.89 | -0.28 |
3 Year | 25.82 | 27.05 | 25.33 | 27.05 |
5 Year | 11.60 | 11.77 | 12.50 | 11.77 |
7 Year | 12.89 | 13.61 | 13.49 | 13.61 |
10 Year | 12.38 | 13.24 | 12.73 | 13.24 |
AMC:
HDFC Asset Management Company Ltd
Address: Ground Floor, Mafatlal House, H.T Parekh Marg 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
Guidance for HDFC S&P BSE 500 Index Fund NFO
by Paresh Gordhandas, C.A., Research Analyst.
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