HDFC Top 100 mutual fund needs to sustain recovery; what should investors do now?

ET Wealth collaborates with Value Research to analyze the main mutual fundsWe analyse the key fundamentals of the fund, its portfolio and its performance to help you make an informed decision. investment decision.

BASIC DATA
RELEASE DATE

April 9, 1996
CATEGORY
EQUITY
GUY
BIG HOOD
AUM*
37,081 crores
BENCHMARK
NIFTY 100 IN TOTAL
RETURN INDEXHOW MUCH DOES IT COST?
NAV**
GROWTH OPTION
1,136.07 rupees
IDCW
63.50 rupees
MINIMUM INVESTMENT
100 rupees

MINIMUM SIP amount
100 rupees

EXPENSE RATIO# (%)
1.60
LOAD OUTPUT
1% for redemption within 365 days

*AS OF JULY 31, 2024
**AS OF AUGUST 12, 2024
#AS JULY 31, 2024

FUND MANAGER
Raul Baijal
2 YEARS

Recent changes in the portfolio
New participants
Cummins India (May).
DLF, Zomato (June).
Full outputs
Wipro (May).

Should you buy?
The fund has been going through a transition phase following the departure of its previous veteran manager, Prashant Jain. While the fund was run with a distinctly contrarian stance at the time, the new manager embraces a mix of growth and value. He prefers companies with strong competitive advantages, robust processes and systems, and a long track record of weathering economic cycles, complemented by proven corporate governance. After a prolonged run of struggles until 2020, the fund has seen a turnaround in recent years as it has benefited from the market’s preference for value stocks. It has been able to comfortably outperform the index, but investors should let the new captain build a track record of consistent results.