How the fund has performed
Where the fund invests
Basic facts
- Date of launch: 18 February 1994
- Category: Equity
- Type: Large & Midcap
- AUM (As on 31 July 2021): Rs 2,736 cr
- Benchmark: NIFTY Large Midcap 250 Total Return Index
What it costs
NAV (As on 31 August 2021)
- Growth option: Rs 174.889
- IDCW: Rs 23.31
- Minimum Investment: Rs 5,000
- Minimum SIP amount: Rs 500
- Expense ratio (As on 31 July 2021) (%): 2.34
- Exit load: 1% for redemption within 365 days
Fund Manager: Gopal Agrawal
Tenure: 1 year
Top 5 sectors in portfolio (%)
Top 5 stocks in portfolio (%)
Recent portfolio changes
- New Entrants: Clean Science And Technology, United Spirits, Zomato.
- Increasing allocation: Power Grid Corporation of India, Lupin.
How risky is it?
Source: Value Research
Should You Buy
Earlier known as HDFC Large Cap, this fund was renamed HDFC Growth Opportunities when it adopted the large and mid cap mandate in 2018. Now known as HDFC Large & Mid Cap, the fund maintains 35% in each segment, but retains a tilt towards large caps. It has taken modest positions in small-caps in the past year. The fund favours growth businesses with distinct competitive advantages and scalability, apart from selective exposure to value and turnaround plays. In the past, it has seen frequent bouts of underperformance. An experienced hand has taken reins of the fund recently. His emphasis on limiting drawdowns can put the fund on a stronger footing, but needs to prove execution capabilities to turn its performance around sustainably.
