(A) About the HDFC Retirement Savings Fund Equity Plan
HDFC Retirement Savings Fund Equity is a Regular Plan mandated to invest at least 65 per cent of its assets in equity stocks at all times. Note that it carries a lock-in period of 5 years or till the investor attains retirement age, whichever is earlier.
(B) Basic Details of HDFC Retirement Savings Fund Equity Plan
| Fund House HDFC Retirement Equity Funds | |
| Category Retirement Savings Fund Equity Plan | |
| Launch & Start Date 25-Feb-2016 | |
| Type Open-ended | |
| AUM ₹4,378 Cr (As on 31-Dec-2023) | |
| Available at NAV of ₹42.5530 (as on 29-Jan-2024) |
(C) Classification Portfolio of the HDFC Retirement Savings Fund Equity Plan
(i) Portfolio Mix by Market Cap Size
(ii) Top 10 Holdings of the HDFC Retirement Savings Fund Equity Plan
(iii) Top 10 Sectors Exposures
(D) Fund Managers & Tenure of managing the Scheme
(E) HDFC Retirement Savings Fund Equity Plan – Investment Details
| HDFC Retirement Equity Funds | |
| Application Amount for fresh Subscription (Lumpsum) | (₹) 100 |
| Min Additional Investment (SIP) | (₹) 100 |
| Exit load | 0% |
| Lock In | 5 Years |
(F) Returns Generated By The Fund
(G) Risk Factors
This chart shows the ups and downs of a fund’s value from 2022 to now. When the fund’s value drops from its peak, it’s called a drawdown. Consequently, The shaded area shows how long the fund stayed in a drawdown.
This chart helps investors understand how the fund has reacted to big events in the economy.
(H) Investment Objective
The investment objective of the HDFC Retirement Equity Fund Scheme is to gain long-term capital regard for your retirement by investing in a diversified portfolio of equity & equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.
(I) Taxability of earnings
Capital Gains Taxation
If the mutual fund units are sold after 1 year from the date of investment, gains up to Rs 1 lakh in a financial year are exempt from tax. Furthermore, gains over Rs 1 lakh are taxed at the rate of 10%.
However, if the mutual fund units are sold within 1 year from the date of investment, the entire amount of gain is taxed at the rate of 15%. Importantly, no tax is to be paid as long as you continue to hold the units.
Dividend Taxation
- Addition, Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor’s dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.
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References: valueresearchonline.com, Industry’s Publications, News Publications, Mutual Fund Company.
Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.
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