This edition of the fund performance report looks at the HDFC Children’s Gift Fund. Launched in Mar 2001, the fund has an AUM of over 6,000 Crores. In Oct 2017, HDFC MF merged HDFC Children’s Gift Fund Savings Plan into HDFC Children’s Gift Fund Investment Plan and then renamed the resulting fund as HDFC Children’s…

This edition of the fund performance report looks at the Mirae Asset Tax Saver Fund. Launched in Dec 2015, the fund has an AUM of more than 13,000 Crores. Disclaimer: Fund performance reports present return and risk analysis of a fund with representative benchmarks and not investment recommendations. It must be expressly understood that the data below…

In this edition of the debt fund profile, we look at ICICI Prudential Savings Fund. This is an open-ended Low Duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 Months. The fund’s category, “Low Duration”, gives one the impression that it is suitable for…

Tata Nifty Midcap 150 Momentum 50 Index Fund is an open-ended scheme tracking NIFTY Midcap 150 Momentum 50 Index. The fund is currently in its NFO period (4th to 17th Oct 2022). In this article, we analyse the performance of the underlying index. The Nifty Midcap150 Momentum 50 Index tracks the performance of the top…

This edition of the fund performance report looks at the DSP Flexi Cap Fund (erstwhile DSP Equity Fund). Launched in April 1997, the fund has an AUM of 7,739 Crores. After the SEBI categorisation rules, it was first classified as a multi-cap fund in mid-2018 and then shifted to the flexicap category to align with…

SBI CRISIL IBX Gilt Index – June 2036 is an open-ended Target Maturity Index Fund investing in constituents of the CRISIL IBX Gilt Index – June 2036 Index. We discuss if this new fund offer is suitable for a long-term portfolio. 1 What are Target Maturity Debt Funds? These are open-ended funds investing in various bonds…

We profile debt mutual funds from time to time in our fund profile section. This time we consider SBI Magnum Ultra Short Duration Fund.  Launched in May 1999, the fund currently has an AUM of Rs. 12,513 Crores. What is an ultra-short duration fund? Ultra-short duration funds are defined as “investment in Debt & Money Market instruments…

In this edition of the fund performance report, we review DSP Equity & Bond Fund. The fund was launched as DSP Merrill Lynch Balanced Fund in May 1999. Then, DSP BlackRock Balanced Fund in 2008, and DSP Equity and Bond Fund in 2018. The fund currently has an AUM of Rs. 6,837 Crores. Disclaimer: Fund performance reports…

In this edition of the fund performance report, we review HDFC Hybrid Equity Fund. In a baffling and messy response to the SEBI categorisation rules, HDFC decided to close both its balanced funds, HDFC Balanced and HDFC Prudence and merge them with unknown funds! From June 1st 2018, HDFC Balanced and its AUM merged with…

Edelweiss Gold and Silver ETF Fund of Fund is an open-ended scheme investing in Gold ETF and Silver ETF units. The fund is currently in its NFO period (Aug 24th to 7th Sep 2022). In this review, we discuss if it makes sense for investors to consider such a fund. The scheme presentation says the…