HDFC Mutual Fund launched HDFC Top 100 Fund on September 03, 1996 with an objective to invest in equity and equity related instruments of companies whose benchmark is BSE 200 to generate long-term capital appreciation. It was formerly known as HDFC Top 200 Fund.
Who Should Invest in HDFC Top 100 Fund?
- If you are an investor who wishes to invest in a scheme with equity portfolio of top 100 companies with BSE 200 as benchmark, then you can invest in this scheme.
- The risk involved is moderately high which means you should only invest in HDFC Top 100 Fund in case you can digest such risk.
- You must be ready to invest your idle money for a long-term in order to receive the required long-term capital appreciation.
Who Manages HDFC Top 100 Fund?
HDFC Top 100 Fund is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain. Mr. Rakesh Vyas is a fund manager for overseas investments with HDFC AMC. He has a total of fourteen years of experience out of which three years, he has worked as an application engineer and for the rest eleven years, he has worked as an equity researcher. Mr. Prashant Jain is the Chief Investment Officer and the Executive Director with a total of twenty seven years of experience in mutual fund industry as a fund manager and researcher.
Key Points
HDFC Top 100 Fund Growth’s assets under management is Rs. 14789 crore as on June 14th, 2018 and the per unit price at which you can purchase HDFC Top 100 Fund’s units is Rs. 448.696 as on May 31st, 2018.
There is no entry load that an investor has to pay. In case due to some reason an investor has to redeem within one year of investment from the date of allotment, then he is liable to pay 1% as exit load. To invest in HDFC Top 100 Fund, the minimum investment amount is Rs. 5000 in lump sum. HDFC Top 100 Fund also provides an investor to invest through SIP mode of investment. The minimum investment amount in SIP mode is Rs. 500 only.
The top three companies in which it has invested majorly are HDFC Bank, Infosys, and Larsen & Toubro with 7.55, 7.33, and 6.57 being the asset allocation percentage, respectively.
This was all about HDFC Top 100 Fund. In case you wish to know more, you can browse through its official website. If you have doubt and are not able to be certain about the investment decision, then you can make use of the free financial advise that you can receive on MySIPonline. On this platform, you can also compare it with the other options available and avail many other benefits that it has to offer.
Once you are sure, simply open a free account and log in to MySIPonline to invest in the scheme in a hassle-free and paperless manner. Applying online will help you save time, money, and energy.
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