My comments are as under:-
(a) HDFC Equity Fund-Direct (Growth) is a trusted and very old scheme. Present asset value of this scheme (as on 30.06.2018) is Rs. 20352 crore.
(b) Return since launch of Direct scheme is 14.49% p.a.(w.e.f 1.1.2013).
(c) It is an equity multi-cap fund. This means that this fund invests in large-cap, mid-cap and small-cap stocks. The investment percentage depends upon the market condition.
(d) The fund manager is Prashant Jain, a very well-known and respected personality in the mutual fund industry.
(e) Of late, the fund is lagging behind its competitors. The YTD return is minus 7.57%. But the standard deviation is very satisfactory. Other parameters are also good.
(f) The negative return is due to current market volatility and huge corpus of the fund. The SIP investors must take this opportunity to invest in this fund.
(g) Under no circumstances, SIP must be discontinued at this stage. If your time horizon is five years or more, be patient and continue investing via SIP route. But avoid lump-sum investment. You will accumulate a substantive corpus after 5-7 years.
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