MySIPonline provides the important information about HDFC Top 100 Fund to help investors in their investment decision. HDFC Top 100 Fund was launched on 3rd Sept 2018 with an investment objective to invest significantly in large-cap companies to generate long-term capital appreciation. The asset under management of HDFC Top 100 Fund is Rs 14,699 crore as on 31st Oct 2018. Mr Prashant Jain is the fund manager of the scheme since Jan 2002. Before joining HDFC Mutual Fund, he has worked with SBI Mutual Fund and Zurich AMC. Here is the detailed information about HDFC Top 100 Fund.
Detailed Portfolio
HDFC Top 100 Fund is a pure equity fund which invests purely in equity instruments. There is a total of 49 stocks in the portfolio of the fund as noted on 29th Nov 2018. The top 10 stocks consist 60.66% assets. Coming to the asset allocation based on the market capitalisation, HDFC Top 100 Fund invests majorly (approximately 88.92%) in stocks of large-cap companies, and the remaining around 11.07% in mid-cap companies.
The portfolio of HDFC Top 100 Fund suggests that a strong large-cap exposure will help the fund to sustain in the market volatility and generate long-term capital appreciation for investors.
When it comes to sector allocation, HDFC Top 100 Fund G invests majorly in the financial sector which consists around 36.39%. The top 3 sectors in the portfolio measure for 74.40%.
Performance
The fund has generated exceptional returns at 19.87% annualised rate for investors since inception as noted on 29th Nov 2018. Since last one year, the fund is not performing well, but for long-term investment goal, this underperformance is not to worry about as our experts at MySIPonline suggest.
The fund has generated 11.60% returns in 3-years and outperformed the category’s average, although benchmark return has not been touched. Considering long-term returns, HDFC Top 100 Fund has produced 15.06% trailing returns which are higher than the category’s average (13.34%) and benchmark (14.22%). In the last 10-years, the fund has generated returns at 18.14% and outperformed the category’s average (15.51%) and benchmark (17.20%).
During unfavourable market conditions in 2008 and 2011, the fund was able to maintain the losses below the benchmark and category.
Risk-Appetite
As HDFC Top 100 Fund G invests in equity instruments, we could suggest that the portfolio of the fund will be risky. Apart from this, the equity exposure to large-cap companies implies that HDFC Top 100 Fund will be stable during unfavourable market conditions than small-cap and mid-cap funds. Experts at MySIPonline recommend investing in this fund for a long-term horizon to mitigate overall risk in the portfolio and get risk-adjusted returns.
Overall, HDFC Top 100 Fund is for investors who want to invest in for a long-term horizon in equity instruments of large-cap companies with moderate to high risk and return expectation. If you have any query regarding SBI Dynamic Bond Fund and any other regular plan, you can mention in the below-provided link where our experts are ready to provide related suggestion to your queries. https://goo.gl/WofRJm
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