HDFC CHILDREN'S GIFT FUND |
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- Initial offer opens:January 25,2001
- Closing Date:
February 02,2001
- Nature of Scheme: Open Ended
- AMC: HDFC Asset Management Company
Limited
- Load: 1% entry load.
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- Continuous Offer opens: Within 30
days from the closure of intial offer period
- Sponsor: Housing Development Finace
Corporation Limited
- Trustee: HDFC Trustee Company Ltd
- Minimum subscription:Rs.3000 and in
multiples of Rs.1000. NRIs can apply on repatriable basis.
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Objective of
the present fund: The primary objective of the schemes is to generate long term
capital appreciation.. |
- This scheme offers dividend option and Growth option.
- Unit holders have switching facility from one scheme to
other.
- Tax Free dividend in the hands of investors
- Personal Accident Insurance cover for domestic resident
unit holders.
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Strategy of investment |
| .Under normal circumstances 40-60 percent of the investible funds would be
invested in equity and equity linked instruments and the balance in Debt and Money market
instruments.
| Some of the Schemes launched by HDFC |
| HDFC
Growth Fund |
| HDFC
Balanced Fund |
| HDFC
Income Fund |
| HDFC Liquid Fund |
| HDFC Tax Plan - 2000
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Performance
overview of the HDFC |
| Name of the Fund |
NAV as on
25.01.2001 |
NAV as on
29.12.2000 |
NAV as on
30.11.2000 |
NAV as on
31.10.2000 |
NAV as on
29.09.2000 |
| HDFC Growth Fund |
9.37 |
9.39 |
9.74 |
9.52 |
9.72 |
| HDFC Balanced
Fund |
10.24 |
9.81 |
10.01 |
9.79 |
9.83 |
| HDFC Income Fund
(Gr) |
10.64 |
10.48 |
10.33 |
10.24 |
10.16 |
| HDFC Liquid Fund
(Gr) |
10.25 |
10.18 |
10.11 |
10.03 |
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Comparative Analysis of similar other funds |
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| Name of the Fund |
NAV as on 25.01.2001 |
NAV as on29.12.200
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NAV as on
30.11.2000 |
NAV as on
31.10.2000 |
NAV as on
29.09.2000 |
| Birla
Balanced |
10.32 |
9.96 |
10.57 |
10.64 |
11.25 |
| DSPML
Balanced |
10.98 |
10.41 |
10.49 |
10.12 |
10.42 |
| ING Balanced Portfolio |
8.65 |
8.13 |
8.71 |
8.50 |
9.53 |
| Kothari Poineer Children Asset Plan |
13.84 |
13.22 |
13.10 |
13.02 |
12.92 |
.
The above table shows that there is a mixed trend in
the NAVs.
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Risk Perception |
.
HDFC Children's Gift fund is one more Balanced Fund launched by HDFC Mutual Fund. When
stock markets are reeling under high volatility, one cannot expect the funds to perform
very well. Compared to sector oriented funds, balanced funds fared better in this
volatile market. Investors ready to take reasonable risk can investe in this fund. . |
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