HDFC Nifty Large Midcap 250 Index Fund Review – HDFC Nifty Large Midcap 250 Index Fund Review Direct NFO Open on 20 September 2024 and Close on 04 October 2024. HDFC Nifty Large Midcap 250 Index Fund Direct NFO Allotment Date is 30 September 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is 100.
Type of the Scheme
An open ended scheme replicating/tracking Nifty LargeMidcap 250 Index (TRI).
Scheme Benchmark : Nifty LargeMidcap 250 Index (TRI). The benchmark is also referred to as “Underlying Index” in this document. The above Index has been chosen as the benchmark since the Scheme will invest in stocks which are constituents of Nifty LargeMidcap 250 Index (TRI). Thus, the aforesaid benchmark is such that it is most suited for comparing the performance of the Scheme.
HDFC Nifty Large Midcap 250 Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 4.43 |
| Reliance Industries Ltd. | 3.67 |
| ICICI Bank Ltd. | 3.11 |
| Infosys Ltd. | 2.52 |
| ITC Ltd. | 1.67 |
| Tata Consultancy Services Ltd. | 1.66 |
| Larsen & Toubro Ltd. | 1.55 |
| Bharti Airtel Ltd. | 1.53 |
| Axis Bank Ltd. | 1.20 |
| Suzlon Energy Ltd. | 1.18 |
HDFC Nifty Large Midcap 250 Index Fund Important Date
| Scheme Offer | HDFC Nifty LargeMidcap 250 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 20 Sep 2024 |
| Close Date | 04 Oct 2024 |
| Allotment Date | [.] 2024 |
| Category | Index Fund |
| Min Inv ₹ | 100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty LargeMidcap 250 Index (TRI) |
Investment Objective of the Scheme ?
To generate returns that are commensurate (before fees and expenses) with the performance of the Nifty LargeMidcap 250 Index (TRI), subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.
HDFC Nifty Large Midcap 250 Index Fund Other Details
| Exit Load | Nil |
|---|---|
| Exit Load Details | Nil |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
HDFC Nifty Large Midcap 250 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities covered by Nifty LargeMidcap 250 Index (TRI) | 95% | 100% |
| Debt Securities & Money Market Instruments, Units of Debt Schemes of Mutual Funds | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Nirman Morakhia
Qualification : M.B.A – Financial Markets (Institute of Technology and Management, Navi Mumbai) • B.M.S (Mumbai University).
Experience : Collectively over 16 years of experience in equity dealing. March 15, 2018 till date HDFC Asset Management Company Limited November 19, 2007- March 14, 2018
Mirae Asset Global Investment Management India Pvt. Ltd. Last Position held: Equity Dealer.
Fund Manger : Arun Agarwal
Qualification : B.Com, Chartered Accountant
Experience : Collectively over 25 years of experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations. September 16, 2010 till Date
HDFC Asset Management Company Limited.
HDFC Nifty Large Midcap 250 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 24.52 |
| Information Technology | 9.05 |
| Capital Goods | 8.81 |
| Automobile and Auto Components | 7.64 |
| Healthcare | 7.61 |
| Oil, Gas & Consumable Fuels | 7.37 |
| Fast Moving Consumer Goods | 5.49 |
| Consumer Services | 3.67 |
| Power | 3.66 |
| Chemicals | 3.41 |
| Consumer Durables | 3.31 |
| Metals & Mining | 3.18 |
| Telecommunication | 2.91 |
| Realty | 2.39 |
| Construction | 2.06 |
| Construction Materials | 1.96 |
| Services | 1.95 |
| Textiles | 0.49 |
| Media, Entertainment & Publication | 0.29 |
| Diversified | 0.24 |
HDFC Nifty Large Midcap 250 Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 5.16 | 24.14 | 43.00 | 24.77 | 15.55 |
| Total Return | 5.39 | 24.97 | 44.18 | 26.96 | 17.05 |
Where Will the Scheme Invest ?
- Equity and equity related instruments.
- Debt and Money Market Instruments.
- Short Term Deposits.
- Units of mutual funds.
- Derivatives – Equity.
- Any other instruments as may be permitted by RBI / SEBI from time to time, subject to necessary regulatory approvals.
Also Read: SBI Nifty 500 Index Fund Review
HDFC Nifty Large Midcap 250 Index Fund Registrar
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Anna Salai, Chennai – 600002
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