Background: Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment Ltd sponsor HDFC Assets Management Company Ltd. HDFC incorporated in 1977 as the first specialized housing finance institution in India. HDFC AMC was incorporated on 10 December 1999, and today manages assets worth Rs 57956.45 crore in March 2009.
HDFC Premier Multi-Cap Fund (G) an open-ended scheme launched in February 2005. The objective of the scheme is to seek to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap 'Blue Chip' companies. The minimum investment amount is Rs 5000 and in multiples of Rs 100 thereafter. The unit NAV of the scheme was 12.57 as on 6 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.60 crore to Rs 288.21 crore in March 2009.
HDFC Premier Multi-Cap Fund (G) took fresh exposure to one new stock in February 2009. The scheme has purchased 3.00 lakh units (2.01%) of ITC.
The scheme exited completely from Rural Electrification Corporation by selling 6.00 lakh units (1.67%) in February 2009.
Sector-wise, the scheme took fresh exposure to Cigarettes at 2.01% in February 2009.
Sector-wise, the scheme exited completely from Finance - Term-Lending Institutions at 1.67% in February 2009.
The scheme had highest exposure to State Bank of India with 1.80 lakh units (6.75% of portfolio) followed by ICICI Bank with 5.00 lakh units (5.99%) and Cropmton Greaves with 11.88 lakh units (5.39%) and United Phosphorus with 14.50 lakh units (4.69%) among others in February 2009.
It reduced its exposure to Hindustan Petroleum Corporation by selling 1.77 lakh units to 4.00 lakh units (by 1.64%), ICICI Bank to 5.00 lakh units (by 1.24%), K E C International to 4.83 lakh units (by 0.46%) and State Bank of India to 1.80 lakh units (0.45%) among others in February 2009.
Sector-wise, the scheme had highest exposure to Banks - Private Sector at 10.24% (from 11.71% in January 2009), Banks - Public Sector at 9.57% (10.26%), Refineries at 8.71% (10.22%) and Entertainment / Electronic Media Software at 8.51% (8.35%) among others in February 2009.
Sector wise, the scheme had reduced exposure to Refineries to 8.71% (by 1.51%), Banks - Private Sector to 10.24% (by 1.47%), Banks - Public Sector to 9.57% (by 0.69%) and Transmission Line Towers / Equipment to 2.24% (0.46%) among others in February 2009.
Performance: The scheme underperformed the category average over all time periods. It has underperformed the Sensex over all time periods.
Over three-month period ended as on 6 April 2009, the scheme posted negative returns of 6.45% underperforming the category average the fell 2.41%. It underperformed the Sensex that rose 1.92% during the same period.
Since inception, the scheme posted returns of 28.35% underperforming the category average of 79.57%.
HDFC Premier Multi-Cap Fund (G) an open-ended scheme launched in February 2005. The objective of the scheme is to seek to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap 'Blue Chip' companies. The minimum investment amount is Rs 5000 and in multiples of Rs 100 thereafter. The unit NAV of the scheme was 12.57 as on 6 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.60 crore to Rs 288.21 crore in March 2009.
HDFC Premier Multi-Cap Fund (G) took fresh exposure to one new stock in February 2009. The scheme has purchased 3.00 lakh units (2.01%) of ITC.
The scheme exited completely from Rural Electrification Corporation by selling 6.00 lakh units (1.67%) in February 2009.
Sector-wise, the scheme took fresh exposure to Cigarettes at 2.01% in February 2009.
Sector-wise, the scheme exited completely from Finance - Term-Lending Institutions at 1.67% in February 2009.
The scheme had highest exposure to State Bank of India with 1.80 lakh units (6.75% of portfolio) followed by ICICI Bank with 5.00 lakh units (5.99%) and Cropmton Greaves with 11.88 lakh units (5.39%) and United Phosphorus with 14.50 lakh units (4.69%) among others in February 2009.
It reduced its exposure to Hindustan Petroleum Corporation by selling 1.77 lakh units to 4.00 lakh units (by 1.64%), ICICI Bank to 5.00 lakh units (by 1.24%), K E C International to 4.83 lakh units (by 0.46%) and State Bank of India to 1.80 lakh units (0.45%) among others in February 2009.
Sector-wise, the scheme had highest exposure to Banks - Private Sector at 10.24% (from 11.71% in January 2009), Banks - Public Sector at 9.57% (10.26%), Refineries at 8.71% (10.22%) and Entertainment / Electronic Media Software at 8.51% (8.35%) among others in February 2009.
Sector wise, the scheme had reduced exposure to Refineries to 8.71% (by 1.51%), Banks - Private Sector to 10.24% (by 1.47%), Banks - Public Sector to 9.57% (by 0.69%) and Transmission Line Towers / Equipment to 2.24% (0.46%) among others in February 2009.
Performance: The scheme underperformed the category average over all time periods. It has underperformed the Sensex over all time periods.
Over three-month period ended as on 6 April 2009, the scheme posted negative returns of 6.45% underperforming the category average the fell 2.41%. It underperformed the Sensex that rose 1.92% during the same period.
Since inception, the scheme posted returns of 28.35% underperforming the category average of 79.57%.
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