Investment Focus
The investment objective of the HDFC Top 200 Fund is to generate long term capital appreciation from a portfolio of equity and equity-linked instruments primarily drawn from the companies in BSE 200 index.
Basic Scheme Information
| Nature of Scheme |
Open Ended Growth Scheme |
| Inception Date. |
11 October, 1996 |
Entry Load.
(any amount) |
- In respect of each purchase / switch-in of Units less than Rs. 5 crore in value, an Entry Load of 2.25% is payable.
- In respect of each purchase / switch-in of Units equal to or greater than Rs. 5 crore in value, no Entry Load is payable.
|
Exit Load.
(any amount) |
In respect of each purchase/ switch-in of Units, an Exit load of 1% is payable if Units are redeemed / switched out within 1 year from the date of allotment. |
| Minimum Application Amount. |
For new investors :Rs.5000 and in multiples of Rs.100 thereafter .
For existing investors : Rs. 1000 and in multiples of Rs. 100 thereafter. |
| Systematic Investment Plan |
Rs.500/month - 12 months Rs.1000/month - 6 months |
| Systematic Withdrawal Plan |
A minimum of Rs. 500 can be withdrawn every month or quarter by issuing advance instructions to the Registrars at any time. |
| Net Asset Value Periodicity. |
Every Day. |
| Option/Plan |
Dividend Plan, Growth Plan, The Dividend Plan offers Dividend Payout and Reinvestment Facility |
| Net Asset |
1,572.48 Cr. (31 October, 2006) |
| Benchmark |
BSE 200 |
Stated Asset Allocation
| Equities and equity related instruments including derivatives |
90%-100% |
| Debt & Money Market Instruments |
10% |
Scheme Highlights
he Scheme may also invest upto 25% of net assets of the Scheme in derivatives such as Futures & Options and such other derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and and other uses as may be permitted under the regulations and guidelines.
The Scheme may also invest a part of its corpus, not exceeding 40% of its net assets, in overseas markets in Global Depository Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and such other instruments as may be allowed under the Regulations from time to time.
Subject to the Regulations and the applicable guidelines, the Scheme may, engage in Stock Lending activities. Also refer to Section on Stock Lending by the Fund.
If the investment in equities and related instruments falls below 65% of the portfolio of the Scheme at any point in time, it would be endeavoured to review and rebalance the composition.
Notwithstanding anything stated above, subject to the regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It may be clearly understood that the percentages stated above are only indicative and are not absolute and that they can vary substantially depending upon the perception of the AMC, the intention being at all times to seek to protect the NAV of the scheme. Such changes will be for short term and defensive considerations.
The Trustee may from time to time at their absolute discretion review and modify the strategy, provided such modification is in accordance with the Regulations or in the event of a discontinuation of or change in the compilation or the constituents of the BSE 200 Index.
Provided further and subject to the above, any change in the asset allocation affecting the investment profile of the Scheme and amounting to a change in the Fundamental Attributes of the Scheme shall be effected in accordance with sub-regulation (15A) of regulation 18 of SEBI regulations.
Investment Strategy & Risk Control
The investment strategy of primarily restricting the equity portfolio to the BSE 200 Index scrips is intended to reduce risks while maintaining steady growth. Stock specific risk will be minimised by investing only in those companies / industries that have been thoroughly researched by the investment manager's research team. Risk will also be reduced through a diversification of the portfolio.
Fund Manager
Mr. Prashant Jain
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