HDFC Mutual Fund, a prominent player in the Indian asset management industry, has undergone a remarkable transformation in recent months. In this article, we explore the key factors behind HDFC Mutual Fund’s resurgence, as well as the insights shared by Navneet Munot, the Chief Investment Officer, regarding the company’s future direction. We also delve into the impressive performance of select HDFC funds and analyze the strategies employed to achieve such outstanding results.
In my initial spotlight, I reviewed Parag Parikh and how well it has done giving double digit growth (50%) since April 2020 and 31% since YTD . You would think that it would be quite difficult to keep giving double digit growth. However, since my last review, Parag Parikh Long Term Equity Fund has given a growth of 12% How Parag Parikh LTEF has shifted its sectors ? Parag Parikh - Sector Exposure How has the portfolio performed ?
HDFC Tax Saver Fund is an Equity Linked Savings Scheme . It has kept its benchmark as the Nifty 500. It’s performance has not been upto the mark in the recent years. Expense ratio is on the higher side. It has been ranked a 1 star fund in Valueresearch and Moneycontrol It seems that HDFC AMC has had a closer look at this and has made major changes to this fund and is keen to turn this ship around.
Parag Parikh Long Term Equity Fund is unique in many ways and is quite interesting as well. PPFAS was established in 2012. PPFAS has only three funds , unlike , many AMC’s. Shri Parag Parikh who pioneered Value Investing is the founder of PPFAS. There are multiple reasons why I find PPFAS quite intriguing and you get a feeling of comfort when investing in their funds. Let us start with the concepts: