HDFC Index Nifty 50 fund (Growth) is recommended for investment within index funds mutual funds.
Index funds funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
No single fund can achieve what a plan can. Learn why
Historical NAV
₹ 162.3308
NAV (Jan 21)
Fund Returns
Last 1Y
21.6%
Last 3Y
17.8%
Last 5Y
16.9%
Last 10Y
14%
Since Inception
15.2%
6 Month CAGR
12.9%
Scheme Information
Investment Objective
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the NIFTY 50 Index,subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realized.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
HDFC Asset Management Company Limited manages assets worth 475,338 crores and was set up on 3 July 2000. It's current offering of mutual fund schemes includes 38 equity,111 debt and 29 hybrid funds.
HDFC Index Nifty 50 Fund – Growth is an open-ended index mutual fund scheme. Being an index mutual fund, the fund replicates the Nifty 50 Index. It replicates by investing in the stocks of companies that are listed under the Nifty 50 Index. It buys the same number of stocks and in the same proportion as they exist in the index. Since the funds replicate and track the Nifty 50, it is not biased towards any specific sector or industry that’s different from the chosen index. The index’s composition comprises companies across different sectors, market capitalization, and growth potential. HDFC Index Nifty 50 Fund- Growth has the added advantage of the lowest cost of operations as it is a passively managed fund. This means the fund manager does not actively monitor the fund as it is a passively managed fund.
The scheme is suitable for a long-term investment duration of a minimum of 5 years. An investor who is looking for market exposure in the equity asset class at a relatively cheaper cost should invest in the scheme. The fund aims to achieve its objective by investing in stocks of companies comprising the Nifty 50 Index. It achieves a return equivalent to the Nifty 50 index by adopting the strategy of passive investment and fund management.
The fund provides inflation-beating growth over the long term. HDFC Mutual Fund manages the HDFC Index Nifty 50 Fund- Growth. The fund manager is Mr. Krishan Daga. HDFC Index Nifty 50 Fund- Growth was previously known as HDFC Index Nifty.
HDFC Index Nifty 50 Fund – Growth Investment Objective
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realized.
The fund is suitable for an investor who seeks to eliminate unsystematic risk in relation to a specific sector, industry, or company. With exposure to equities of top companies, an investor may invest at a relatively lower cost for foreseeable returns. Since the value of the stock index is directly related to the value of the underlying securities, any change in the stock value has a direct and huge impact on the value of the index. HDFC Index Nifty 50 Fund- Growth has a broader equity market exposure and lower expense ratio.
HDFC Index Nifty 50 Fund – Growth Scheme Details
On 17th July 2002, HDFC Asset Management Company Limited had launched the scheme. The scheme has been in existence for the past 21 years. It attempts to benchmark the Nifty 50 index with passive management of the fund and provides inflation-beating growth of capital over the investment duration.
NAV and Returns – As of 1st July 2021, the NAV of the fund is Rs 144.15. The risk-o-meter of the fund is very high risk. With this risk level, the investor must understand that their principal amount invested is at very high risk. With the existence of 21 years, HDFC Index Nifty 50 Fund- Growth has delivered a return of 14.9% since its inception.
Minimum Investment – The fund requires a minimum SIP investment of Rs 1000 and a minimum lump sum investment of Rs 5000
Expense Ratio and Exit Load – The expense ratio charged by the fund is 0.40%. This expense ratio is similar to the expense ratio charged by other AMCs for similar funds. Since the fund is not actively managed the expense ratio is less in comparison to actively managed funds. The fund charges an exit load of 0.25% if the units are redeemed with 3 days from the date of allotment of units.
Fund Manager – The fund is being managed by Mr. Krishan Daga and Mr. Arun Agarwal. Mr. Krishan Daga has been managing the fund since its inception. He has an experience of over 21 years in equity research, Indian Equity Market, and portfolio management.
Mr. Arun Agarwal has been managing the fund since 24th August 2020. Before joining HDFC mutual fund, he has worked with other AMCs like SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd. He is a Qualified Chartered Accountant and holds a graduation degree in Bachelor of Commerce
Other Details – There’s no lock-in period for the scheme and hence you can redeem your investment anytime. As of 1st July 2021, HDFC Index Nifty 50 Fund- Growth has an asset under management AUM of Rs 3,211 cr. The fund benchmarks to IISL Nifty 50 TR INR. This fund is suitable for an investment horizon of 10-15 years and preferably a minimum duration of 5 years. The fund invests 99.48% of its corpus in equity and equity-related securities. It invests o.52% of its assets in debt instruments. The top 3 stock holdings are Reliance Industries Limited SHS dematerialized, Hdfc Bank Limited, and Infosys Limited. As of 1st July 2021, the fund holds an investment of 66.80% in Financial Services, Technology, and Energy.
1 Year Return
51.60%
3 Years Return
14.20%
5 Years Return
14.30%
10 Years Return
11.40%
Returns Updated as of 1st July 2021
HDFC Index Nifty 50 Fund – Growth Top Stock Holdings
The HDFC Index Nifty 50 Fund- Growth has invested its assets majorly in the stocks of the following companies:
Company
Percentage of Holding (As of 1st July 2021)
Reliance Industries Limited SHS Dematerialized
10.40%
Hdfc Bank Limited
9.80%
Infosys Limited
7.70%
ICICI Bank Limited
6.80%
Housing Development Finance Corp Limited
6.80%
Tata Consultancy Services Limited
4.80%
Kotak Mahindra Bank Limited
3.90%
Hindustan Unilever Limited
3.10%
Axis Bank Limited
2.80%
ITC Limited
2.80%
Larsen & Toubro Limited SHS Dematerialised
2.60%
Asset Allocation of HDFC Index Nifty 50 Fund – Growth
The HDFC Index Nifty 50 Fund- Growth has invested in the following sectors:
Sector
Percentage of Holding (As of 1st July 2021)
Financial Services
38.1%
Technology
16.20%
Energy
12.50%
Basic Materials
8.40%
Consumer Defensive
8%
Consumer Cyclical
6.30%
Healthcare
3.50%
Industrials
3.50%
Communication Services
1.90%
Utilities
1.60%
HDFC Index Nifty 50 Fund – Growth Review
Scripbox recommends HDFC Index Nifty 50 Fund – Growth for investment within the index mutual fund category. Index funds construct a portfolio such that it matches with the stock market and benchmarks to such a stock index. Index mutual funds provide returns similar to their benchmark and inflation-beating growth and capital appreciation. Index funds are suitable for investors seeking a long-term investment with wealth creation goals like retirement planning. Moreover, the recommended investment duration is 10-15 years or longer (minimum 5 years).
The fund has an extended history of 19 years for analysis. Track record is excellent.
With an AUM or relative size of Rs 3,211 cr, the fund is a large-size scheme within its category of index funds.
The category has a superior investment outlook
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Once we select an asset class, our algorithm goes to work to select the best financial products.
The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:
Track record of the product – how long has it been around?
Assets under management – how big is it – for example, the size of a mutual fund
Liquidity – how easy is it to move in or out of the product?
Consistency of performance – how much have the returns fluctuated?
The risk associated with the product – what risks impact the product?
Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds
With such a scientific and detailed approach Scripbox ensures:
