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It’s a new series!‘Fund of the Week’ is a new series of weekly articles from Sqrrl’s Blog. This series aims to familiarize the readers with the top performing mutual funds in the industry, covering aspects like returns, past performance, details about the fund manager, etc.. These articles are written after extremely detailed and enthusiastic research by Sqrrl’s team of writers. We hope you’ll find these articles, and can truly understand the reason why ‘Mutual Funds Sahi Hai’.
HDFC Hybrid Equity Fund
Fund ManagerChirag Setalvad manages the fund. Based in Mumbai, Chirag Setalvad is a senior fund manager at HDFC Mutual Fund and primarily invests mainly in Indian equities. Setalvad re-joined HDFC Mutual Fund on March 19, 2007. Prior to this between October 2004 to February 2007, he was associated with New Vernon Advisory Services Pvt. Ltd. Setalvad Bachelor in Science degree and MBA from University of North Carolina, Chapel Hill.
Type of FundOpen Ended Aggressive Allocation Scheme The investment objective of the scheme is to generate capital appreciation / income from a portfolio, predominantly of equity & equity related instruments. The Scheme will also invest in debt and money market instruments.
Details about the Fund Minimum Investment Rs 5,000, and in multiples of Re 1 thereafter Load Details Entry load: Not Applicable Exit Load: In respect of each purchase/switch-in of Units, up to 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the exit load of 1.00% if units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Suitable For Investors who would like:
- to generate long-term capital appreciation / income
- to invest predominantly in equity & equity related instruments.
- the Scheme will also invest in debt and money market instruments.
Here are the Top 3 Features of this week’s fund1. Long-term capital appreciation The fund seeks to invest in securities that are fundamentally sound and are trading at a substantial discount to its intrinsic value. The fund is likely to outperform over the long when a business goes through a complete cycle. 2. SIPs Investors can opt in for weekly, fortnightly, monthly, quarterly & even annual SIP. Minimum amounts for this range between Rs. 300 – Rs 5000. 3. Returns The scheme has been giving constant returns of over 21% in the five-year horizon, and hence has been in favor with new and old investors alike.
Sqrrl‘s ReviewThis HDFC Hybrid Equity Mutual Fund has a well-balanced portfolio with equity to debt ratio at 2:1. The fund seeks to remain fully invest at all times and tends to avoid cash calls and does not make any drastic changes in allocation with market swings. The fund seeks to invest in quality businesses that has the ability to deliver growth and with good Return on Equity, quality management and business dynamics at reasonable valuation. While the equity allocation is aggressively managed, the debt market is conservatively managed. The fund has returned healthy gains over and above benchmark and peers over multi-trailing time period.
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