HDFC AMC - HDFCMOMENT

HDFCMOMENT- HDFC Nifty 200 Momentum 30 Index Fund

• HDFC Nifty 200 Momentum 30 ETF Fund is an open-ended value-oriented equity scheme that belongs to HDFC Mutual Fund House.
• The fund was launched on October 10, 2022.
• Its assets under management (AUM) stood at ₹68.53 crore, as of July 31, 2024.
• Arun Agarwal and Abhishek Mor are the fund managers of the HDFC Nifty 200 Momentum 30 Index.
• The ETF units are listed on both exchanges NSE and BSE, one can invest by buying units through a broker.
• These units can be bought by retail investors directly from the demat account of their choice.

Investment Objective & Benchmark

• The fund's investment objective is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
• It is benchmarked against Nifty 200 Momentum 30 TRI.
• The Nifty 200 Momentum 30 Index selects stocks based on their relative price momentum over a specified period. Stocks exhibiting strong price momentum are given higher weightage in the index.
• Reconstitution of the HDFC Nifty 200 Momentum 30 Index Fund happens semi-annually in June and December.
• Stock eligibility in this fund should have a minimum listing history of one year. Further, the stock should be available for trading in the F&O segment.
• HDFC Nifty 200 Momentum 30 Index fund provides exposure to the value factor, with the index consisting of the 30 most momentum companies listed on the Nifty Stock Exchange (NSE).
• The ETF invests in companies from key sectors of the economy thus limiting exposure to sectoral risks.
• The risk factor level of the ETF is very high.

Asset Allocation & Portfolio Composition

• The ETF holds 99.87% of its fund in equity and 0.13% in cash.
• The scheme predominately invests in giant and larger cap companies, allocating nearly 90% of the available funds to them.
• The top holdings in the ETF make up 57.50% of the scheme’s asset allocation.

Top 10 holdings in stocks of Aditya Birla Sun Life Nifty 200 Momentum 30 Index include:

• Bajaj Auto Limited: 6.15%
• Tata Motors Ltd.: 5.99%
• Trent Ltd.: 5.77%
• Coal India Ltd.: 5.15%
• Hindustan Aeronautics Limited: 5.12%
• Dr. Reddy's Laboratories Ltd.: 4.75%
• NTPC Limited: 4.71%
• Larsen and Toubro Ltd.: 4.68%
• TVS Motor Company Ltd.: 4.68%
• REC Limited: 4.67%

4. Sector-wise allocation in this fund;

• Capital Goods: 24.49%
• Automobile: 23.71%
• Financial: 10.95%
• Services: 10.25%
• Energy: 9.13%
• Others: 21.47%

Since its inception, HDFC Nifty 200 Momentum 30 ETF Fund has given annualised returns of 44.72%. In the last one year, the fund has given a return of 66.52% compared to its benchmarked index’s 67.51% earnings.