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HDFC Mid-Cap Opportunites Fund managing belongings price ₹20,544 crore is the largest scheme within the mid cap mutual fund class. The scheme is the fourth largest among the many actively managed fairness mutual fund schemes. The scheme was launched in June 2007. It has been managed by Chirag Stelvad for the reason that launch. The scheme invests over 33% of the AUM in high 10 holdings.
HDFC Mid-Cap Opportunities Fund’s high 5 holdings embrace Balkrishna Industries (5.24%), Aarti Industries (4.31%), Ipca Laboratories (3.40%), Cholamandalam Investment & Finance (3.15%) and Trent (3.15%). The information is as on July 31.
The largest mid cap mutual fund scheme has 13.67% of its portfolio invested in auto ancilliaries, 12% in pharma sector, 10.65% in finance corporations, 10.52% in client durables and 9.62% in chemical compounds.
Sebi defines a mid cap mutual fund as an open-ended scheme that invests at the very least 65% of its belongings in fairness and fairness associated devices of mid cap corporations. Mid cap corporations are outlined as 101st-250th corporations by way of full market capitalization.
Performance of HDFC Mid-Cap Opportunities Fund
HDFC Mid-Cap Opportunities Fund fell within the third quartile in three out of final six years on the premise of returns within the class. Year-to date, the scheme has given -4.50% returns and stood within the third quartile.
The scheme has given 3.54% within the final one yr, -0.77% within the final three years and 6.10% within the final 5 years. The scheme has generated 13.28% annualised returns since its inception.
According to Morningstar, the scheme has below carried out its class common with decrease alpha era within the final three years. In final 5 years, the scheme has generated an alpha greater than its class.
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