top of page
Search

HDFC Banking and Financial Services Fund NFO Review

Updated: Jul 14, 2021

HDFC Mutual Fund has launched a new Fund Offer (NFO) of HDFC Banking and Financial Services Fund for retail investors. NFO will be open for investors from 11 June 2021 to 25 June 2021.



Objective of Scheme

To generate long-term capital appreciation by investing primarily in equity and equity related instruments selected based on a quantitative model. However, there can be no assurance that the investment objective of the Scheme will be achieved.


Scheme will follow NIFTY Financial Services TRI (Total Returns Index)



HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

Under normal circumstances, the asset allocation (% of Net Assets) of the Scheme's portfolio will be as follows:


This fund will manage by two fund managers one is Mr. Anand Laddha which experience is Collectively over 16 years of experience in Equity & Derivative Research and Sales. second fund manager is Mr. Sankalp Baid which experience is Collectively around 13 years of experience in Macro economics, credit analysis, trading and audit.


Fund Details


Key Feature

The fund will invest in companies that are leading and gaining market share due to better performance, scale and better adoption of technology.

The fund will also focus on opportunities in new listings that include pre-IPO participation in lending, insurance, capital markets businesses and fintechs.

Some AMC`s scheme in this category already is exist


Applicable Tax on Redemption or Switch of Scheme

Capital gains :-

1. If the mutual fund units are sold after 1 year from the date of investment, gains up to Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.

2. If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.

3. No tax is to be paid as long as you continue to hold the units.

Dividends :- Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.


Suitability

  1. To generate long-term capital appreciation/income.

  2. Investment predominantly in equity & equity related instruments of banking and financial services companies.

  3. Investor should invest in this scheme fore five year and more

 

 




Comments

Subscribe to our Blogs & Newsletter

Phone : +91-9837346090​

©2021 by vasundhrainvestments.com

Disclaimer

​

The author of this Blog is a AMFI registered Distributor. None of his blog or articles to be treated as advice of investments. These are just educational in nature.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

​

While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in our Blog Page

bottom of page