NAV as on 30 Aug 202146.42300.32 (0.70%)
Fund Key Highlights
1. The Current Net Asset Value of the HDFC Multi Asset Fund as of 30 Aug 2021 is Rs 46.4230 for Growth option of its Regular plan.
2. Its trailing returns over different time periods are: 31.05% (1yr), 12.7% (3yr), 10.53% (5yr) and 9.83% (since launch). Whereas, Category returns for the same time duration are: 32.29% (1yr), 10.9% (3yr) and 9.21% (5yr).
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Things you should consider
Investors understand that their principal will be at Very High risk.
Annualized return for the last 3 years
Suggested Investment Horizon
Average time taken to double the money since inception
Fund NAV Range
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1. HDFC Multi Asset Fund is Open-ended Multi Asset Allocation Hybrid scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Aug 17, 2005.
Investment objective & Benchmark
1. The investment objective of the fund is that The Scheme seeks to generate long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold.
2. It is benchmarked against NIFTY 50 Hybrid Composite Debt 15:85 Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 68.54% in equities, 16.4% in debts and 4.93% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 42.67% of the assets, the top 3 sectors constitute around 38.05% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 78.06% in giant & large cap companies, 14.21% in mid cap and 7.72% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the funds duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Hybrid funds which usually invest 65% or more in equity & equity related instruments will be taxed like Equity funds and those which invest less than 65% in equity & equity related instruments will be taxed like Debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months where the fund has invested. However, since the market is dynamic and asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from equity as well as debt side:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investors income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down ones capital gains which brings down the taxable income and thereby reduces taxes on it.
Taxes on Dividend income:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
2. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
Frequently Asked Questions (FAQs)
Q: Is it safe to invest in HDFC Multi Asset Fund?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the HDFC Multi Asset Fund comes under Very High risk category.
Q: What is the category of HDFC Multi Asset Fund?
A: HDFC Multi Asset Fund belongs to the Hybrid: Multi Asset Allocation category of funds.
Q: How Long should I Invest in HDFC Multi Asset Fund?
A: The suggested investment horizon of investing into HDFC Multi Asset Fund is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
Q: Who manages the HDFC Multi Asset Fund?
A: The HDFC Multi Asset Fund is managed by Anil Bamboli (Since Aug 17, 2005), Amit Ganatra (Since Jun 12, 2020), Arun Agarwal (Since Aug 24, 2020), Krishan Kumar Daga (Since May 23, 2018) and Amar Kalkundrikar (Since Jan 10, 2019).
Data Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research
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