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 63880.63 crore in April 2009.
HDFC Capital Builder Fund (G) an open-ended scheme launched in December 1993.
The investment objective of the scheme is to achieve long term capital appreciation by investing predominantly in equity oriented securities. The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was 54.72 as on 08 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 46.49 crore to Rs 401.39 crore in April 2009.
HDFC Capital Builder Fund (G) took fresh exposure to three stocks in April 2009. The scheme has purchased 2.50 lakh units (2.04%) of Bank of Baroda, 6.00 lakh units (1.73%) of Punj Lloyd and 3.89 lakh units (1.57%) of Patni Computer Systems.
The scheme exited completely from Sintex Industries by selling 4.00 lakh units (1.10%) in April 2009.
Sector-wise, the scheme took fresh exposure in Construction at 1.73% in April 2009. Sector-wise, the scheme exited completely from Diversified-Large at 1.10% in April 2009.
The scheme had highest exposure to Hero Honda Motors with 2.31 lakh units (6.83% of portfolio size) followed by State Bank of India with 1.70 lakh units (5.42%), ICICI Bank with 4.50 lakh units (5.37%) and Reliance Industries with 1.00 lakh units (4.50%) among others in April 2009.
It reduced its exposure from Pidilite Industries by selling 9.00 lakh units to 5.20 lakh units (by 2.23%), SKF India by selling 1.33 lakh units to 2.75 lakh units (0.49%), Biocon to 8.20 lakh units (0.41%) and ITC to 8.00 lakh units (0.41%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Pharmaceuticals-Indian-Bulk Drugs & Formulation at 12.65% (from 12.84% in March 2009), followed by Banks-Private Sector at 8.15% (7.03%), Refineries at 7.63% (7.73%) and Banks-Public Sector at 7.46% (5.11%) among others in April 2009.
Sector wise, the scheme had reduced exposure from Chemicals to 1.16% (by 2.23%), Bearings to 1.23% (by 0.49%), Cigarettes to 3.76% (by 0.41%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation to 12.65% (by 0.19%) among others in April 2009.
Performance: The scheme underperformed the Sensex over most of the time periods.
Over three-month period ended as on 08 May 2009, the scheme posted returns of 20.99% underperforming the Sensex that posted returns of 27.69%. Over 6 month period, the scheme's returns surged 9.97% underperforming the Sensex that rose 19.19%.
The returns of the scheme over one year period fell 29.81% outperforming the Sensex that plunged by 30.47%.
HDFC Capital Builder Fund (G) an open-ended scheme launched in December 1993.
The investment objective of the scheme is to achieve long term capital appreciation by investing predominantly in equity oriented securities. The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was 54.72 as on 08 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 46.49 crore to Rs 401.39 crore in April 2009.
HDFC Capital Builder Fund (G) took fresh exposure to three stocks in April 2009. The scheme has purchased 2.50 lakh units (2.04%) of Bank of Baroda, 6.00 lakh units (1.73%) of Punj Lloyd and 3.89 lakh units (1.57%) of Patni Computer Systems.
The scheme exited completely from Sintex Industries by selling 4.00 lakh units (1.10%) in April 2009.
Sector-wise, the scheme took fresh exposure in Construction at 1.73% in April 2009. Sector-wise, the scheme exited completely from Diversified-Large at 1.10% in April 2009.
The scheme had highest exposure to Hero Honda Motors with 2.31 lakh units (6.83% of portfolio size) followed by State Bank of India with 1.70 lakh units (5.42%), ICICI Bank with 4.50 lakh units (5.37%) and Reliance Industries with 1.00 lakh units (4.50%) among others in April 2009.
It reduced its exposure from Pidilite Industries by selling 9.00 lakh units to 5.20 lakh units (by 2.23%), SKF India by selling 1.33 lakh units to 2.75 lakh units (0.49%), Biocon to 8.20 lakh units (0.41%) and ITC to 8.00 lakh units (0.41%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Pharmaceuticals-Indian-Bulk Drugs & Formulation at 12.65% (from 12.84% in March 2009), followed by Banks-Private Sector at 8.15% (7.03%), Refineries at 7.63% (7.73%) and Banks-Public Sector at 7.46% (5.11%) among others in April 2009.
Sector wise, the scheme had reduced exposure from Chemicals to 1.16% (by 2.23%), Bearings to 1.23% (by 0.49%), Cigarettes to 3.76% (by 0.41%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation to 12.65% (by 0.19%) among others in April 2009.
Performance: The scheme underperformed the Sensex over most of the time periods.
Over three-month period ended as on 08 May 2009, the scheme posted returns of 20.99% underperforming the Sensex that posted returns of 27.69%. Over 6 month period, the scheme's returns surged 9.97% underperforming the Sensex that rose 19.19%.
The returns of the scheme over one year period fell 29.81% outperforming the Sensex that plunged by 30.47%.
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