HDFC MUTUAL FUND

HDFC Asset Management Company Ltd. or HDFC Mutual Fund is currently the largest mutual fund and actively
managed equity mutual fund in India. It is one of the most profitable asset management companies (AMC) in the
country. The company manages assets worth Rs. 432084.97 crores as of Mar 31 2022. The company serviced
more than 75000 empanelled distribution partners through 210 branches spread across more than 200 cities in
India. HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June
2000 under the registration number MF/044/00/6. It also offers portfolio management/non-binding investment
advisory services since 18 September 2016 under the registration code PM /INP000000506 from SEBI.
The fund has 98.7% investment in domestic equities of which 56.75% is in Large Cap stocks, 7.39% is in Mid
Cap stocks, 16.63% in Small Cap stocks.

HDFC HOUSING OPPORTUNITIES FUND

An open-ended thematic equity scheme with an endeavour to generate capital appreciation by
investing in entities belonging to businesses that are engaged in and/or expected to benefit out of
the demand for housing in India.

OBJECTIVE: To provide long-term capital appreciation by investing predominantly in equity and

equity related instruments of entities engaged in and/or expected to benefit from the growth in
housing and its allied business activities. There is no assurance that the investment objective of the
Scheme will be realized.

HDFC Housing Opportunities Fund Direct - Growth Fund Key Highlights:

Current NAV: The Current Net Asset Value of the HDFC Housing Opportunities Fund - Direct Plan as of Dec 26,
2022 is Rs 14.63 for Growth option of its Direct plan.
Returns: Its trailing returns over different time periods are: -3.64% (1yr), 14.22% (3yr) and 6.32% (since launch).
Whereas, Category returns for the same time duration are: -3.93% (1yr), 18.12% (3yr) and 9.66% (5yr).
Fund Size: The HDFC Housing Opportunities Fund - Direct Plan currently holds Assets under Management
worth of Rs 1188.44 crore as on Sep 30, 2022.
Expense ratio: The expense ratio of the fund is 1.22% for Direct plan as on Aug 31, 2022.
Exit Load: HDFC Housing Opportunities Fund - Direct Plan shall attract an Exit Load, "Exit load of 1% if
redeemed within one year."
Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 0.
Minimum SIP investment is Rs 100.

SCHEME DETAILS:
Fund manager(s) – Rakesh Vyas
Launch date – 06-Dec-2017
Expense ratio – 2.23% as declared on 30-Nov-2022 (category average is 2.26%)
Benchmark - Nifty 50

 
Min SIP amount - ₹100
Min investment amount (one time- first time) - ₹100
Min investment amount (additional purchase) - ₹100
Type: Open Ended Fund. You can invest any time in this fund .
PORTFOLIO SUMMARY (as on 30th Nov,2022):
Particulars This Scheme Category

No. of Stocks 37 34.7

Top 5 Stock Weight 43.78% 38.05%

Top 10 Stock Weight 68.74% 55.99%

Top 3 Sector Weight 54.76% 48.51%

SECTORAL WEIGHTAGE:
Particulars This Scheme Category

Average mcap (Cr) 115215.21 107141.59

Holdings in large cap stocks 56.75% (13) 51.14%

Holdings in mid cap stocks 7.39% (4) 16.41%

Holdings in small cap stocks 16.63% (14) 12.47%

TOP 10 STOCKS HOLDING IN PORTFOLIO 

 (as on 30th Nov,2022):
% of 1M
1M 1Y
Stock Value(M Total 1Y Highest Quantit Chang
Sector Chang Lowest
Invested in n) Holding Holding y e in
e Holding
s Qty

 HDFC 10.36% (N 8.8% (Jan

Banks 1270.4 10.36% 0.77% 7.90 L 0.00
Bank Ltd. ov 2022) 2022)

 Larsen & Engineering, designing, 10.67% (O 9.55% (A

1182.9 9.65% -1.02% 5.70 L -0.80 L
Toubro Ltd. construction ct 2022) pr 2022)

 Housing
Developme
8.23% (Oct 7.35% (A
nt Finance Housing finance 985.7 8.04% -0.19% 3.66 L -0.45 L
2022) pr 2022)
Corporatio
n Ltd.

 Ambuja
7.98% (No 4.75% (F
Cements Cement 978.4 7.98% 0.46% 17.14 L -0.25 L
v 2022) eb 2022)
Ltd.
 % of 1M
1M 1Y
Stock Value(M Total 1Y Highest Quantit Chang
Sector Chang Lowest
Invested in n) Holding Holding y e in
e Holding
s Qty

 ICICI Bank 9.36% (Au 7.75% (N

Banks 950.5 7.75% -0.74% 9.98 L -1.55 L
Ltd. g 2022) ov 2022)

 State
9.37% (Jan 7.15% (N
Bank Of Banks 877.1 7.15% -0.60% 14.56 L -2.10 L
2022) ov 2022)
India

 National
Thermal
9.25% (Apr 6.77% (N
Power Power 830 6.77% -0.42% 48.20 L -3.00 L
2022) ov 2022)
Corporatio
n Ltd.

 Prestige
Estates Residential/ 4.56% (Ma 3.98% (D
551.9 4.50% 0.33% 11.63 L 0.00
Projects commercial/sez project r 2022) ec 2021)
Ltd.

 Ashoka
Engineering, designing, 3.84% (Fe 3.18% (O
Buildcon 420.1 3.43% 0.25% 52.94 L 0.00
construction b 2022) ct 2022)
Ltd.

 Tata Steel 3.68% (Ma 2.74% (Ja

Steel 381.4 3.11% 0.19% 35.43 L 0.00
Ltd. r 2022) n 2022)

RETURNS (NAV as on 23rd December, 2022):

Period ₹10000 Latest Absolute Annualised Category Rank within
Invested for Invested on Value Returns Returns Average Category

1 Week 16-Dec-22 9525.20 -4.75% - -3.31% 114/136

1 Month 23-Nov-22 9747.00 -2.53% - -2.70% 99/134

3 Month 23-Sep-22 10303.90 3.04% - 0.60% 98/131

6 Month 23-Jun-22 12335.80 23.36% - 14.69% 21/129

YTD 31-Dec-21 10883.60 8.84% - 0.95% 52/126

1 Year 23-Dec-21 10938.90 9.39% 9.39% 2.53% 56/126

2 Year 23-Dec-20 14514.10 45.14% 20.47% 17.36% 37/112

3 Year 23-Dec-19 14710.90 47.11% 13.72% 17.03% 74/103

5 Year 22-Dec-17 13344.50 33.45% 5.93% 9.77% 70/85

Since
06-Dec-17 13562.00 35.62% 6.22% 11.08% 122/145
Inception
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value
indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the
same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value
is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns
in future also whereas Fund B returns may vary.
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market.
Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if
you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given
9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher
chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been
able to give better returns for the amount of risk taken. . It is calculated by subtracting the risk-free return, defined
as an Indian Government Bond, from the fund’s returns, and then dividing by the standard deviation of returns.
For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and
fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.
Treynor’s ratio indicates how much excess return was generated for each unit of risk taken. Higher the value
means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the
risk-free return, defined as an Indian Government Bond, from the fund’s returns, and then dividing by the beta of
returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor’s ratio of
1.40 and fund B has a Treynor’s ratio of 1.25, then you can choose fund A, as it has given higher risk-adjusted
return.
Alpha indicates how fund generated additional returns compared to a benchmark. Let’s say if a fund A
benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns
by 1%, so the higher the alpha, the better.

RISK RATIOS:
Ratios calculated on daily returns for last 3 years (Updated as on 30th November, 2022)

 Standard Deviation
High volatility
21.88vs19.17
Category Average
 Beta
Low volatility
0.92vs0.94
 Category Average
 Sharpe Ratio
Poor risk adjusted returns
0.49vs0.57
Category Average
 Treynor's Ratio
Poor risk adjusted returns
0.12vs0.14
Category Average
 Jension's Alpha
Poor risk adjusted returns
0.08vs2.89
Category Average

CAGR: