I would start a series of posts where I would list few of the best rated equity funds from various fund houses and this is the first post in the series where I started with HDFC Mutual Funds. Rating is from various sites like ValueResearchOnline, Crisil and other fund details are mainly from the official website HDFCFund.com
Tax Planning
- HDFC Tax Saver – Open Ended Equity Linked Savings Scheme (ELSS) with a lock-in period of 3 years with an objective to generate long term capital appreciation with investment mainly in equity and equity related instruments. ValueResearchOnline Rating – 4 Star, Crisil Rank of CPR-2
- HDFC LT Advantage Fund – This is pretty much similar to the HDFC Tax Saver fund and I am not sure with the latest SEBI guidelines HDFC Fund house can have 2 funds with more or less similar investment objective but as its still there I assume there is some difference between the two which I could not figure out. ValueResearchOnline Rating – 3 Star, Crisil Rank of CPR-3
Index Funds
- HDFC Index Fund – Nifty Plan – Open Ended Index Linked Scheme which generates returns with the performance of the Nifty. ValueResearchOnline Rating – 2 Star, Crisil Rank of CPR-3
- HDFC Index Fund – Sensex Plus Plan – Open Ended Index Linked Scheme where investment profile is 80 to 90% of the net assets of the Plan in companies whose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX. ValueResearchOnline Rating – 2 Star, Crisil Rank of CPR-4
Equity Diversified
- HDFC Top 200 Fund – To generate long term capital appreciation from the companies in BSE 200 index. ValueResearchOnline Rating – 5 Star, Crisil Rank of CPR-1. One of my favorite fund.
- HDFC Equity Fund – Nothing unique about its objective which is to achieve capital appreciation. ValueResearchOnline Rating – 5 Star, Crisil Rank of CPR-2.
- HDFC Growth Fund – Same investment objective as above. ValueResearchOnline Rating – 5 Star, Crisil Rank of CPR-2.
Note that this are not the overall best rated funds but best for HDFC Fund house only. This is not the complete list of HDFC Funds but a subset of funds which I like ( but may not have an investment interest in all ). You can checkout the Complete list of HDFC Funds at the official website.
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{ 6 comments… read them below or add one }
Can u plz explain me the meaning of “volume” and “open interest” ?
I have updated http://shabbir.in/stock-market-terms/ to include your definitions as well.
hi could you tell me the mutual funds and shares you have invested in as of now and which you preferred in 2010
Hitesh, See http://shabbir.in/best-performing-mutual-fund/
which shares should i buy now? i tried to find your link for that but could not get it
Mayur, I do not recommend stocks but I share how to find the stocks that can work for you but still I share some of the stocks I hold. See http://shabbir.in/select-best-stock-to-buy-today/