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 75406.10 crore in May 2009.
HDFC Capital Builder Fund (G) an open-ended growth 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 any amount thereafter. The unit NAV of the scheme was 68.26 as on 15 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 105.02 crore to Rs 506.42 crore in May 2009.
HDFC Capital Builder Fund (G) took fresh exposure to one stock in May 2009. The scheme has purchased 4.00 lakh units (0.69%) of Balrampur Chini Mills.
The scheme exited completely from SKF India by selling 2.75 lakh units (1.23%) and Motilal Oswal Financial Services by selling 25000 units (0.06%) in May 2009.
Sector-wise, the scheme took fresh exposure in Sugar at 0.69% in May 2009. Sector-wise, the scheme exited completely from Bearings at 1.23% and Finance & Investments at 0.06% in May 2009.
The scheme had highest exposure to ICICI Bank with 4.50 lakh units (6.58% of portfolio size) followed by State Bank of India with 1.70 lakh units (6.27%), Hero Honda Motors with 1.86 lakh units (4.93%) and Exide Industries with 29.67 lakh units (4.15%) among others in May 2009.
It reduced its exposure from Hero Honda Motors by selling 45000 units to 1.86 lakh units (by 1.90%), Reliance Industries by selling 20000 units to 80000 units (0.91%), ITC to 8.00 lakh units (0.86%) and Crompton Greaves by selling 3.90 lakh units to 7.00 lakh units (0.72%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Pharmaceuticals-Indian-Bulk Drugs & Formulation at 12.39% (from 12.65% in April 2009), followed by Banks-Private Sector at 9.66% (8.15%), Banks-Public Sector at 9.30% (7.46%) and Refineries at 6.56% (7.63%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Automobiles-Motorcycles/Mopeds to 4.93% (by 1.90%), Food-Processing-MNC to 5.75% (by 1.17%), Refineries to 6.56% (by 1.07%) and Cigarettes to 2.90% (by 0.86%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500. The scheme has underperformed the benchmark index over all the time periods.
The scheme has posted returns of 20.99% underperforming the S&P CNX 500 Index that gained 26.84% over 1 month period ended 15 June 2009.
Over 3 months period, the scheme advanced by 62.15% underperforming the S&P CNX 500 Index that gained 74.09%. It fell 5.30% more than the benchmark index that declined by 1.12% over 1 year period.
HDFC Capital Builder Fund (G) an open-ended growth 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 any amount thereafter. The unit NAV of the scheme was 68.26 as on 15 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 105.02 crore to Rs 506.42 crore in May 2009.
HDFC Capital Builder Fund (G) took fresh exposure to one stock in May 2009. The scheme has purchased 4.00 lakh units (0.69%) of Balrampur Chini Mills.
The scheme exited completely from SKF India by selling 2.75 lakh units (1.23%) and Motilal Oswal Financial Services by selling 25000 units (0.06%) in May 2009.
Sector-wise, the scheme took fresh exposure in Sugar at 0.69% in May 2009. Sector-wise, the scheme exited completely from Bearings at 1.23% and Finance & Investments at 0.06% in May 2009.
The scheme had highest exposure to ICICI Bank with 4.50 lakh units (6.58% of portfolio size) followed by State Bank of India with 1.70 lakh units (6.27%), Hero Honda Motors with 1.86 lakh units (4.93%) and Exide Industries with 29.67 lakh units (4.15%) among others in May 2009.
It reduced its exposure from Hero Honda Motors by selling 45000 units to 1.86 lakh units (by 1.90%), Reliance Industries by selling 20000 units to 80000 units (0.91%), ITC to 8.00 lakh units (0.86%) and Crompton Greaves by selling 3.90 lakh units to 7.00 lakh units (0.72%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Pharmaceuticals-Indian-Bulk Drugs & Formulation at 12.39% (from 12.65% in April 2009), followed by Banks-Private Sector at 9.66% (8.15%), Banks-Public Sector at 9.30% (7.46%) and Refineries at 6.56% (7.63%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Automobiles-Motorcycles/Mopeds to 4.93% (by 1.90%), Food-Processing-MNC to 5.75% (by 1.17%), Refineries to 6.56% (by 1.07%) and Cigarettes to 2.90% (by 0.86%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500. The scheme has underperformed the benchmark index over all the time periods.
The scheme has posted returns of 20.99% underperforming the S&P CNX 500 Index that gained 26.84% over 1 month period ended 15 June 2009.
Over 3 months period, the scheme advanced by 62.15% underperforming the S&P CNX 500 Index that gained 74.09%. It fell 5.30% more than the benchmark index that declined by 1.12% over 1 year period.
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