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. 75406.10 crore at the end of May 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. 171.27 per unit as on 25 June 2009.
Portfolio: The total net assets of the scheme increased by Rs.872.50 crore to Rs. 3780.85 crore in May 2009.
HDFC Equity Fund (G) took fresh exposure to two new stocks in May 2009. The scheme has purchased 15.00 lakh units (3.26%) of Bharti Airtel and 8.50 lakh units (1.88%) of Lupin.
The scheme exited completely from Reliance Industries by selling 3.75 lakh shares (2.33%), Reliance Infrastructure by selling 5.00 lakh shares (1.20%) and Tata Steel by selling 5.00 lakh (0.41%) in May 2009.
Sector-wise, the scheme took fresh exposure in Telecommunications-Service Provider at 3.26% in May 2009.
Sector-wise, the scheme exited completely from Power Generation and Supply at 1.20% in May 2009.
The scheme had highest exposure to ICICI Bank with 25.50 lakh units (4.99% of portfolio size) followed by Bank of Baroda with 41.22 lakh units (4.78%), State Bank of India with 9.25 lakh units (4.57%) and Crompton Greaves with 55.53 lakh units (3.86%) among others in May 2009.
It reduced its exposure from State Bank of India by selling 4.25 lakh units to 9.25 lakh units (by 1.37%), Sun Pharmaceuticals Industries by selling 98877 units to 7.50 lakh units (1.32%), United Phosphorus by selling 36.00 lakh units to 45.50 lakh units (1.25%) and Hero Honda Motors by selling 2.20 lakh units to 5.50 lakh units (1.18%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 10.41% (from 12.02% in April 2009), followed by Banks-Private Sector at 8.93% (8.76%), Entertainment/Electronic Media Software at 8.27% (6.93%) and Computers-Software-Large at 6.89% (6.99%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 1.62% (by 2.47%), Banks-Public Sector to 10.41% (by 1.61%), Pharmaceuticals-Indian-Bulk Drugs & Formulation to 6.86% (by 1.55%) and Food-Processing-MNC to 5.72% (by 1.29%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500 Index. The scheme has outperformed the benchmark index over all time periods.
The scheme has posted returns of 6.02% outperforming the S&P CNX 500 Index that gained 3.73% over 1 month period ended 25 June 2009.
Over 3 months period, the scheme advanced by 58.80% outperforming the benchmark index that gained 48.35%.
Return of the scheme rose 14.02% outperforming the benchmark index that inched up by 0.06% 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. 171.27 per unit as on 25 June 2009.
Portfolio: The total net assets of the scheme increased by Rs.872.50 crore to Rs. 3780.85 crore in May 2009.
HDFC Equity Fund (G) took fresh exposure to two new stocks in May 2009. The scheme has purchased 15.00 lakh units (3.26%) of Bharti Airtel and 8.50 lakh units (1.88%) of Lupin.
The scheme exited completely from Reliance Industries by selling 3.75 lakh shares (2.33%), Reliance Infrastructure by selling 5.00 lakh shares (1.20%) and Tata Steel by selling 5.00 lakh (0.41%) in May 2009.
Sector-wise, the scheme took fresh exposure in Telecommunications-Service Provider at 3.26% in May 2009.
Sector-wise, the scheme exited completely from Power Generation and Supply at 1.20% in May 2009.
The scheme had highest exposure to ICICI Bank with 25.50 lakh units (4.99% of portfolio size) followed by Bank of Baroda with 41.22 lakh units (4.78%), State Bank of India with 9.25 lakh units (4.57%) and Crompton Greaves with 55.53 lakh units (3.86%) among others in May 2009.
It reduced its exposure from State Bank of India by selling 4.25 lakh units to 9.25 lakh units (by 1.37%), Sun Pharmaceuticals Industries by selling 98877 units to 7.50 lakh units (1.32%), United Phosphorus by selling 36.00 lakh units to 45.50 lakh units (1.25%) and Hero Honda Motors by selling 2.20 lakh units to 5.50 lakh units (1.18%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 10.41% (from 12.02% in April 2009), followed by Banks-Private Sector at 8.93% (8.76%), Entertainment/Electronic Media Software at 8.27% (6.93%) and Computers-Software-Large at 6.89% (6.99%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 1.62% (by 2.47%), Banks-Public Sector to 10.41% (by 1.61%), Pharmaceuticals-Indian-Bulk Drugs & Formulation to 6.86% (by 1.55%) and Food-Processing-MNC to 5.72% (by 1.29%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500 Index. The scheme has outperformed the benchmark index over all time periods.
The scheme has posted returns of 6.02% outperforming the S&P CNX 500 Index that gained 3.73% over 1 month period ended 25 June 2009.
Over 3 months period, the scheme advanced by 58.80% outperforming the benchmark index that gained 48.35%.
Return of the scheme rose 14.02% outperforming the benchmark index that inched up by 0.06% over 1 year period.
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