HDFC Index Sensex Plus

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

 

It invests 80-90 per cent of its net assets in Sensex stocks. It does not replicate Sensex weightage. Only 10-20 per cent is invested in stocks which are not Sensex constituents. which ensures its large-cap orientation at all times. The fund has always been part of Value Research's Large Cap Category. The fund has generally held less than 5 per cent in cash. However, in 2008, cash allocation did exceed 10 per cent which was soon invested back in equity without any opportunity loss in a recovering market.

 

Performance

The fund has posted a decent return of nearly 21 per cent since its launch, beating its benchmark and peers. In 9 of its 10-year history, the fund has delivered above average returns among large cap funds. In the frothy market of 2007 the fund slipped to the bottom quartile.

 

Despite its limited and defined stock universe tied to the Sensex, the fund managed the lean years better than the Sensex. In 2008 it fell 47 per cent vs 52 fall in Sensex and again in 2001 when it fell 21 per cent while Sensex was down 25 per cent.

 

Understandably, the fund carries a top-heavy portfolio. Currently, the top-10 holdings account for 56 per cent of net assets. Earlier, the top holding of the fund had attained a 15 per cent weight occasionally. However, since 2010 the fund has not let its top holding exceed 10 per cent of its net assets. Despite its selectivity and discretion, the top sector weights of the fund have deviated from benchmark sector weights. Currently, it is underweight in financials and technology while overweight in FMCG as well as chemicals.

 

The portfolio has 19 per cent allocation to non-Sensex stocks as on March 2013. Prominent among those are Solar Industries, Federal Bank, P&G, BPCL, India Glycols, Navneet Publications, Kirloskar Pneumatic and Ultratech Cement. This component has significantly boosted its returns over time.

 

Why invest?

A good choice for risk averse investors looking for stable returns. The fund also holds promise in a rising market for a dominantly large cap portfolio.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund