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ImageHDFC Equity is over-weight on banking, public sector banks in specific. It is also over-weight on oil companies. The fund is under-weight on global cyclical.

Investment in securitised debt, if undertaken, will not exceed 20 per cent of the net assets of the scheme.

The scheme may also invest upto 25 per cent 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 other uses as may be permitted under the regulations.

Having been a part of the mutual fund industry for more than one and a half decade, HDFC Equity definitely boasts a long experience having faced both the bullish and the bearish phases in its 16-year-long journey.

The fund has not only successfully beaten its benchmark indices and cushioned its fall during the dotcom bubble of year 2000-01, but also made a steadfast recovery in the immediate following years of 2002-03.

From June 19, 2003, this fund has been managed by Prashant Jain and since then it has managed to be in the top league. Jain's enduring association with this fund has ensured stability and consistency in investment style and performance.