Background: HDFC Assets Management Company is sponsored by Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment 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 at the end of April 2009.
HDFC Equity Fund (G) an open-ended equity-diversified scheme launched in December 1994.The scheme aims at providing capital appreciation through investments predominantly in equity-oriented securities. The minimum investment amount for new investors is Rs.5000 and any amount thereafter while for existing investors it is Rs 1000 and any amount thereafter. The unit NAV of the scheme was Rs. 159.75 as on 21 May 2009.
Portfolio: The total net assets of the scheme increased by Rs.435.98 crore to Rs.2908.35 crore in April 2009.
HDFC Equity Fund (G) took fresh exposure to three stocks in April 2009. It has purchased 50.00 lakh units (1.99%) of Punj Lloyd, 5.00 lakh units (1.20%) of Reliance Infrastructure and 12.50 lakh units (0.45%) of Dabur India among others.
The scheme did not exit completely from any stock among others in April 2009.
Sector-wise, the scheme took fresh exposure to Power Generation and Supply at 1.20% and Personal Care – Indian at 0.45% in April 2009.
Sector-wise, the scheme did not exit completely from any sector in April 2009.
The scheme had highest exposure to State Bank of India with 13.50 lakh units (5.94% of portfolio size) followed by Bank of Baroda with 45.25 lakh units (5.09%), ICICI Bank with 30.00 lakh units (4.94%) and Crompton Greaves with 75.78 lakh units (4.17%) among others in April 2009.
It reduced its exposure to Oil & Natural Gas Corporation of India by selling 8.15 lakh units to 1.85 lakh units (by 2.61%), Reliance Industries by selling 3.22 lakh units to 3.75 lakh units (by 1.97%), Hero Honda Motors by selling 1.86 lakh units to 7.70 lakh units (by 1.02%) and Tata Steel by selling 9.00 lakh units to 5.00 lakh units (by 0.76%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Banks - Public Sector at 12.02% (from 11.12% in March 2009), followed by Banks-Private Sector at 8.76% (5.41%), Pharmaceuticals-Indian-Bulk Drugs & Formulation at 8.41% (8.71%) and Food-Processing-MNC at 7.01% (7.57%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Oil Drilling/Allied Services to 0.55% (by 2.61%), Refineries to 4.09% (by 2.22%), Automobiles-Motorcycles/Mopeds to 3.13% (by 1.02%) and Steel-Large to 0.87% (by 0.78%) among others in April 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500 Index. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 29.95% outperforming the S&P CNX 500 Index that gained 27.37% over 1 month period ended 21 May 2009. Over 3 months period, the scheme advanced by 61.91% outperforming the benchmark index that gained 58.00%. Return of the scheme fell 9.31% less than benchmark index that plunged by 20.29% over 1 year period.
HDFC Equity Fund (G) an open-ended equity-diversified scheme launched in December 1994.The scheme aims at providing capital appreciation through investments predominantly in equity-oriented securities. The minimum investment amount for new investors is Rs.5000 and any amount thereafter while for existing investors it is Rs 1000 and any amount thereafter. The unit NAV of the scheme was Rs. 159.75 as on 21 May 2009.
Portfolio: The total net assets of the scheme increased by Rs.435.98 crore to Rs.2908.35 crore in April 2009.
HDFC Equity Fund (G) took fresh exposure to three stocks in April 2009. It has purchased 50.00 lakh units (1.99%) of Punj Lloyd, 5.00 lakh units (1.20%) of Reliance Infrastructure and 12.50 lakh units (0.45%) of Dabur India among others.
The scheme did not exit completely from any stock among others in April 2009.
Sector-wise, the scheme took fresh exposure to Power Generation and Supply at 1.20% and Personal Care – Indian at 0.45% in April 2009.
Sector-wise, the scheme did not exit completely from any sector in April 2009.
The scheme had highest exposure to State Bank of India with 13.50 lakh units (5.94% of portfolio size) followed by Bank of Baroda with 45.25 lakh units (5.09%), ICICI Bank with 30.00 lakh units (4.94%) and Crompton Greaves with 75.78 lakh units (4.17%) among others in April 2009.
It reduced its exposure to Oil & Natural Gas Corporation of India by selling 8.15 lakh units to 1.85 lakh units (by 2.61%), Reliance Industries by selling 3.22 lakh units to 3.75 lakh units (by 1.97%), Hero Honda Motors by selling 1.86 lakh units to 7.70 lakh units (by 1.02%) and Tata Steel by selling 9.00 lakh units to 5.00 lakh units (by 0.76%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Banks - Public Sector at 12.02% (from 11.12% in March 2009), followed by Banks-Private Sector at 8.76% (5.41%), Pharmaceuticals-Indian-Bulk Drugs & Formulation at 8.41% (8.71%) and Food-Processing-MNC at 7.01% (7.57%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Oil Drilling/Allied Services to 0.55% (by 2.61%), Refineries to 4.09% (by 2.22%), Automobiles-Motorcycles/Mopeds to 3.13% (by 1.02%) and Steel-Large to 0.87% (by 0.78%) among others in April 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500 Index. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 29.95% outperforming the S&P CNX 500 Index that gained 27.37% over 1 month period ended 21 May 2009. Over 3 months period, the scheme advanced by 61.91% outperforming the benchmark index that gained 58.00%. Return of the scheme fell 9.31% less than benchmark index that plunged by 20.29% over 1 year period.
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