HDFC Developed World Indexes Fund of Fund - Review

 

HDFC Developed world index fund is a fund of fund that aims to generate returns through investments in a combination of ETFs and Index Funds. The scheme will endeavour to track the performance of the MSCI World Index.

This Fund is suitable for investors who are seeking

• Returns that closely correspond to the performance of the MSCI World Index, subject to tracking error over long term.
• Investment in Units/Shares of overseas equity Index Funds and/or ETFs.

Benchmark: MSCI World Index (Net Total Returns Index)

Categories: Fund of Funds.

Suggested Investment Period: 3 Years and Above.

Investment Objectives:

The Scheme's investment target is to provide long-term capital appreciation by passively investing in units/shares of overseas Index Funds and/or ETFs which closely correspond to the MSCI World Index in aggregate, subject to tracking errors.

Fund Manager:

Mr. Krishan Kumar Daga is a part of HDFC AMC since September 17, 2021. He has collectively over 28 years of experience, out of which 11 years in Fund Management and 12 years in Equity Research.

Risk Return Profile is Very High for HDFC Developed world indexes fund of fund.

Where this Scheme invests?

The scheme will invest in five global funds that track Europe, Japan, Pacific (ex-Japan), Canada and the US.

NFO opens on 17/09/2021 and closed on 01/10/2021

Entry & Exit Load:

Entry Load: Not Applicable

Exit Load: 1% is applicable if Units are redeemed/switched-out after 30 days from the date of allotment. 

Lock-In-Period: Nil

Investment options:

• Regular Plan and Direct Plan (each plan offers Growth option only)

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NJ FLEXI CAP FUND

NJ Flexi Cap Fund is an open-ended dynamic equity scheme that invests in large-cap, mid-cap, and small-cap stocks.

The product is suitable for investors who are seeking:

• Long term capital growth.
• Investment predominantly in equity & equity related instruments.

Investment objective of NJ Flexi cap fund:

The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity related instruments across market capitalizations.   

Overview of sbi retirement benefit fund.

Plans:

1. Regular Plan
2. Direct Plan 

each plan offers the following two Options:

1. Growth Option and
2. Payout of Income Distribution cum capital withdrawal option (IDCW)

Risk Factor:

Top 5 Advantages of Equity SIP

Face Value: 10/- Rs.

Benchmark: Nifty 500 TRI

Minimum Application Amount: 

Lump sum Investment: Rs. 500/- and multiples of Rs. 1/- thereafter.

Additional Application: Rs. 500/- and multiples of Rs. 1/- thereafter.

For SIP/STP & SWP: Rs. 500/- and multiples of Rs. 1/- thereafter.

Minimum Redemption: 

There will be no minimum Redemption criteria.

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Transparency/ NAV Disclosure:

The AMC will calculate and disclose the first Net Asset Value within a period of 5 business days from the date of allotment. Subsequently, the AMC will calculate and disclose the NAVs on all business days.

Entry & Exit Loads:

Entry Load : Not Applicable

Exit Load: If redeemed / switch-out within 30 days of allotment, exit load will be charged @ 1%, thereafter exit load will be zero.

Transaction Charges:

• For a first time investors in a Mutual Fund, the distributor may be paid Rs.150/- as transaction charge per subscription of Rs. 10000/- and above.
• For existing investors in  a Mutual Fund, the distributor may be paid Rs.100/- as transaction charge per subscription of Rs. 10000/- and above.
• In case of SIP's, the transaction charge shall be applicable only if the total commitment through SIP's amounts to Rs. 10000/- and above. In such cases, the transaction charge shall be recovered in 3-4 instalments.

Levy of Stamp Duty on  Applicable Mutual Fund Transaction will be @ 0.005%.

Fund Manager:

Rishi Sharma (B.Com, PGDBA).

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Minimum Target Amount: 10 Crores only.

Details of Annual Scheme Recurring Expenses under the Scheme is as follows:

1. Investment Management & Advisory Fee: up to 1.85%
2. Maximum total expense ratio (TER) permissible up to 2.25%
3. Additional expense permissible up to 0.05%
4. Additional expense for gross new inflows from specified cities up to 0.30%.

Sponsor of the fund: NJ India Invest Private Limited.

Who is NJ India Invest Private Limited?

NJ Group is a leading player in Indian Financial Services industry known for its strong distribution capabilities. Mr. Neeraj Choksi & Mr. Jignesh Desai are two first generation entrepreneurs who began the journey of “NJ” in 1994. NJ group has 95+ offices in 19+ states with the 1475 employees. The group also manage 115000+ crores AUM with 20000+ active Distributors. 

List of industries where NJ group is engaged.

• NJ Wealth 
• NJ PMS
• NJ Insurance
• NJ Globe Invest
• NJ Capital
• NJ India Realty
• NJ Technologies
• Refresh Wellness 
• Q interior
• NJ Charitable Trust.

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