Professional Documents
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HDFC Asset Management Company Ltd (AMC) was incorporated under the Companies Act, 1956, on
December 10, 1999, and was approved to act as an Asset Management Company for the HDFC Mutual
Fund by SEBI vide its letter dated July 3, 2000.
The registered office of the AMC is situated at Ramon House, 3rd Floor, H.T. Parekh Marg, 169,
Backbay Reclamation, Churchgate, Mumbai - 400 020.
In terms of the Investment Management Agreement, the Trustee has appointed the HDFC Asset
Management Company Limited to manage the Mutual Fund. The paid up capital of the AMC is Rs.
25.161 crore.
Trustees
HDFC Trustee Company Limited, a company incorporated under the Companies Act, 1956 is the
Trustee to HDFC Mutual Fund vide the Trust deed dated June 8, 2000, as amended from time to time.
HDFC Trustee Company Ltd is wholly owned subsidiary of HDFC
The Board of Directors of HDFC Trustee company Limited consists of the following eminent
persons.
Sponsors
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED (HDFC)
HDFC was incorporated in 1977 as the first specialized Mortgage Company in India. HDFC provides
financial assistance to individuals, corporates and developers for the purchase or construction of
residential housing. It also provides property related services (e.g. property identification, sales services
and valuation), training and consultancy. Of these activities, housing finance remains the dominant
activity. HDFC has a client base of around 11 lac borrowers, 9 lac depositors, 1.95 lac shareholders and
about 25,000 deposit agents, as at December 31, 2010.
HDFC had raised funds from international agencies such as the World Bank, IFC (Washington),
USAID, DEG, ADB and KfW, international syndicated loans, domestic term loans from banks and
insurance companies, bonds and deposits. HDFC has received the highest rating for its bonds and
deposits program for the fifteenth year in succession.
HDFC Standard Life Insurance Company Limited, promoted by HDFC was the first life insurance
company in the private sector to be granted a Certificate of Registration (on October 23, 2000) by the
Insurance Regulatory and Development Authority to transact life insurance business in India.
Website : www.hdfc.com
Standard Life Investments was launched as an investment management company in 1998. It is the
dedicated investment management company of the Standard Life group and is a wholly owned
subsidiary of Standard Life Investments (Holdings) Limited, which in turn is a wholly owned
subsidiary of Standard Life plc.
MC
HDFC Asset Management Company Limited (AMC)
HDFC Asset Management Company Ltd (AMC) was incorporated under the Companies Act, 1956, on
December 10, 1999, and was approved to act as an Asset Management Company for the HDFC Mutual
Fund by SEBI vide its letter dated July 3, 2000.
The registered office of the AMC is situated at Ramon House, 3rd Floor, H.T. Parekh Marg, 169,
Backbay Reclamation, Churchgate, Mumbai - 400 020.
In terms of the Investment Management Agreement, the Trustee has appointed the HDFC Asset
Management Company Limited to manage the Mutual Fund. The paid up capital of the AMC is Rs.
25.161 crore.
Particulars
% of the paid up equity capital
Housing Development Finance Corporation Limited
60
Standard Life Investments Limited
40
The Board of Directors of the HDFC Asset Management Company Limited (AMC) consists of
the following eminent persons.
We Offer
We believe, that, by giving the investor long-term benefits, we have to constantly review the markets
for new trends, to identify new growth sectors and share this knowledge with our investors in the form
of product offerings. We have come up with various products across asset and risk categories to enable
investors to invest in line with their investment objectives and risk taking capacity. Besides, we also
offer Portfolio Management Services.
Our Achievements
HDFC Asset Management Company Limited was awarded NDTV Profit Business Leadership Award
2009 in the Mutual Funds Category for the period April 1, 2008 to March 31, 2009 from amongst six
nominees in the category. NDTV Profit Business Leadership Awards have been instituted to honour
organization excellence and promise to acknowledge the best, the brightest and the most dynamic of
Indian organizations that have emerged as leaders in their respective verticals and are taking India to
economic superpower status. The objective of the Awards is to salute men and women who fuel India’s
journey to the forefront of the World Economy. Grand Thornton India are the Business Process
Advisors to the Awards instituted by NDTV Profit.
Minimum Application Amount For new investors :Rs.5000 and any amount thereafter.
(click here for SIP Details) For existing investors : Rs. 1000 and any amount thereafter.
Lock-In-Period Nil
Net Asset Value Periodicity Every Business Day.
Redemption Proceeds Normally despatched within 3 Business days
Tax Benefits
Please click for details
(As per present Laws)
Investment Pattern
The asset allocation under the Scheme will be as follows :
Sr.No. Asset Type (% of Portfolio) Risk Profile
Upto 100% (including use of derivatives for
Equities and Equity
1 hedging and other uses as permitted by prevailing Medium to High
Related Instruments
SEBI Regulations)
Debt & Money Market
2 Balance in Debt & Money Market Instruments Low to Medium
Instruments
* Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the scheme.
The Scheme may also invest upto 25% 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 and other uses as may be permitted under the regulations and
guidelines.
The Scheme may also invest a part of its corpus, not exceeding 40% of its net assets, in overseas
markets in Global Depository Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and
such other instruments as may be allowed under the Regulations from time to time.
Subject to the Regulations and the applicable guidelines, the Scheme may, engage in Stock Lending
activities. Also refer to Section on Stock Lending by the Fund.
If the investment in equities and related instruments falls below 65% of the portfolio of the Scheme at
any point in time, it would be endeavoured to review and rebalance the composition.
Notwithstanding anything stated above, subject to the regulations, the asset allocation pattern indicated
above may change from time to time, keeping in view market conditions, market opportunities,
applicable regulations and political and economic factors. It may be clearly understood that the
percentages stated above are only indicative and are not absolute and that they can vary substantially
depending upon the perception of the AMC, the intention being at all times to seek to protect the NAV
of the scheme. Such changes will be for short term and defensive considerations.
The Trustee may from time to time at their absolute discretion review and modify the strategy,
provided such modification is in accordance with the Regulations or in the event of a discontinuation of
or change in the compilation or the constituents of the BSE 200 Index.
Provided further and subject to the above, any change in the asset allocation affecting the investment
profile of the Scheme and amounting to a change in the Fundamental Attributes of the Scheme shall be
effected in accordance with sub-regulation (15A) of regulation 18 of SEBI regulations.
TOP
Investment Strategy
The investment strategy of primarily restricting the equity portfolio to the BSE 200 Index scrips is
intended to reduce risks while maintaining steady growth. Stock specific risk will be minimised by
investing only in those companies / industries that have been thoroughly researched by the investment
manager's research team. Risk will also be reduced through a diversification of the portfolio
TOP
Fund Manager
Mr. Prashant Jain (since Jun 19, 03)
Mr. Miten Lathia - Dedicated Fund Manager - Foreign Securities
TOP
Portfolio - Holdings (as on December 31, 2010)
Company Industry+ % to NAV
EQUITY & EQUITY RELATED
State Bank of India Banks 7.10
Infosys Technologies Ltd. Software 6.06
ICICI Bank Ltd. Banks 5.52
Reliance Industries Ltd. Petroleum Products 4.47
Construction
Larsen & Toubro Ltd. 4.13
Project
Bank of Baroda Banks 3.99
Consumer Non
ITC Ltd. 3.32
Durables
Consumer Non
Titan Industries Ltd. 3.10
Durables
Oil & Natural Gas Corporation Ltd. Oil 2.94
Tata Consultancy Services Ltd. Software 2.89
Total of Top Ten Equity Holdings 43.52
Total Equity & Equity Related Holdings 97.32
Total Money Market Instrument & Other Credit Exposures
0.00
(aggregated holdings in a single issuer)
Cash margin 0.02
Other Cash, Cash Equivalents and Net Current Assets 2.66
Grand Total 100.00
Net Assets (Rs. In Lakhs) 9,90,357.06
Note : $ Sponsor
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Returns
HDFC Top 200
(NAV as at evaluation date 31-Dec-10, Rs.225.661 Per unit)
Fund
NAV Per Unit Returns (%) $$ Benchmark Returns (%)
Date Period
(Rs.) ^ #
Last Six months (184
June 30, 2010 194.604 15.96* 12.71*
days)
December 31, 2009Last 1 Year (365 days) 180.456 25.05* 16.22*
December 31, 2007Last 3 Years (1096 days)169.7940 9.94** -1.56**
December 30, 2005Last 5 Years (1827 days)79.982 23.03** 16.37**
Last 10 Years (3654
December 29, 2000 15.200 30.93** 19.19**
days)
Since Inception (5194
October 11, 1996 10.000 26.23** 15.82**
days)
* Absolute Returns ** Compounded Annualised Returns
# BSE 200
^ Past performance may or may not be sustained in the future
$$ Adjusted for the dividends declared under the scheme prior to its splitting into the Dividend and
Growth Plans
TOP
SIP Returns
SIP Investments Since Inception 10 Year 5 Year 3 Year 1 Year
Total Amount Invested (Rs.) 171,000 120,000 60,000 36,000 12,000
Market Value as on December 31, 2010
1,682,484.43 714,522.36 109,165.13 57,784.90 13,834.00
(Rs.)
Returns (Annualised)*(%) 28.54% 33.51% 24.18% 33.29% 29.50%
Benchmark Returns (Annualised)(%)# 18.56% 22.62% 16.18% 24.15% 21.60%
Market Value of SIP in Benchmark# 732,270.88 396,779.09 89,902.86 51,110.94 13,356.35
Past performance may or may not be sustained in the future
Inception Date of HDFC Top 200 Fund is October 11, 1996
* Load is not taken into consideration and the Returns are of Growth Plan / Option. Investors are
advised to refer to the Relative Performance table furnished as above for non-SIP returns
# Benchmark - BSE 200
Disclaimer: The above investment simulation is for illustrative purposes only and should not be
construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not
guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee
protection against a loss in a declining market. Please refer SIP Enrolment Form or contact nearest ISC
for SIP Load Structure.