fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » HDFC Equity Fund Vs HDFC Growth Opportunities Fund

HDFC Equity Fund Vs HDFC Growth Opportunities Fund

Updated on March 25, 2024 , 2421 views

HDFC Equity Fund and HDFC Growth Opportunities Fund both the schemes are managed by the same fund house, that is, HDFC Mutual Fund. In addition, both the schemes belong to the same category of large-cap Equity Funds. In simple terms, Large cap funds are the Mutual Fund schemes whose corpus is invested in shares of companies having a Market capitalization above INR 10,000 Crores. These companies are considered to be huge in size, market capitalization, and human resources. Large-cap schemes do provide a stable return and growth on a yearly Basis as they invest in huge businesses. Even when the economic situation is not good, these share prices of these companies do not fluctuate much. Though both HDFC Equity Fund and HDFC Growth Opportunities Fund belong to the same category they differ on account of numerous parameters. So, let’s understand these differences through this article.

HDFC Equity Fund

HDFC Equity Fund is offered by HDFC Mutual Fund under the large-cap category of equity fund. This scheme was incepted on January 01, 1995, and its objective is to Capital appreciation. HDFC Equity Fund is suitable for individuals seeking for capital appreciation over long-term by Investing in equity and equity-related instruments of large-cap companies. HDFC Equity Fund uses Nifty 500 as its benchmark index and NIFTY 50 as its additional benchmark index to construct its Portfolio. This scheme is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain. As on March 31, 2018, some of the top constituents of HDFC Equity Fund include State Bank of India, ICICI Bank Limited, Reliance Industries Limited, and NTPC Limited.

HDFC Growth Opportunities Fund (Erstwhile HDFC Large Cap Fund)

HDFC Growth Opportunities Fund (earlier known as HDFC Large Cap Fund) aims to achieve capital appreciation in the long-term by mainly investing the fund money in stocks of large-cap companies. The inception date of this scheme is February 18, 1994. This scheme uses NIFTY 50 Index as its benchmark and S&P BSE Sensex as its additional benchmark to build its portfolio. The fund managers managing HDFC Growth Opportunities Fund are Mr. Rakesh Vyas and Mr. Vinay R. Kulkarni. As per the Asset Allocation of HDFC Growth Opportunities Fund, it invests around 80-100% of its pooled money in equity and equity-related instruments of large-cap companies while the remaining portion in fixed Income and money market instruments. Larsen & Toubro Limited, Axis Bank Limited, Bharat Petroleum Corporation Limited, and Mahindra & Mahindra Limited are some of the top constituents of HDFC Growth Opportunities Fund’s portfolio as on March 31, 2018.

HDFC Equity Fund Vs HDFC Growth Opportunities Fund

The comparison of HDFC Equity Fund Vs HDFC Growth Opportunities Fund is divided into four sections, namely, basics section, performance section, yearly performance section, and other details section which are explained below as follows.

Basics Section

It is the first section in the comparison of both the schemes. The parameters forming part of the basics section include current NAV, scheme category, and Fincash rating. With respect to the scheme category, it can be said that both the schemes belong to the same category of Equity Large Cap. The comparison of current NAV shows that there is a significant difference between the NAV of both the schemes. As on April 24, 2018, the NAV of HDFC Equity Fund was approximately INR 616; while of HDFC Growth Opportunities Fund was around INR 108. With respect to Fincash Rating, it can be said that HDFC Equity Fund is rated as 3-Star and HDFC Growth Opportunities Fund is rated as 2-Star. The comparison of basics section is summarized in the table given below.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
HDFC Equity Fund
Growth
Fund Details
₹1,593.73 ↑ 3.11   (0.20 %)
₹49,657 on 29 Feb 24
1 Jan 95
Equity
Multi Cap
34
Moderately High
1.7
2.95
1.05
4.45
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Growth Opportunities Fund
Growth
Fund Details
₹285.588 ↑ 1.00   (0.35 %)
₹16,757 on 29 Feb 24
18 Feb 94
Equity
Large & Mid Cap
63
Moderately High
2.01
2.88
0.95
1.26
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

It is the second section in the comparison that analyses the difference in the CAGR or Compounded Annual Growth Rate returns generated by both the schemes at different time intervals. These time intervals include 3 Month Return, 6 Month Return, 5 Year Return, and Return since Inception. The comparison of CAGR returns shows that in many instances, HDFC Equity Fund has done better as compared to HDFC Growth Opportunities Fund. The summary comparison of the performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Equity Fund
Growth
Fund Details
-0.6%
6.1%
19.6%
44.9%
26.5%
19%
18.9%
HDFC Growth Opportunities Fund
Growth
Fund Details
-1.4%
4.5%
17.2%
51.8%
25.6%
20.2%
12.9%

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Yearly Performance Section

Being the third section, it compares the absolute returns generated by both the schemes for a particular year. The comparison of absolute returns reveals that for certain years, HDFC Equity Fund leads the race, while in other HDFC Growth Opportunities Fund leads the race. The table given below summarizes the comparison of yearly performance section.

Parameters
Yearly Performance2023
2022
2021
2020
2019
HDFC Equity Fund
Growth
Fund Details
30.6%
18.3%
36.2%
6.4%
6.8%
HDFC Growth Opportunities Fund
Growth
Fund Details
37.7%
8.2%
43.1%
11.4%
6.6%

Other Details Section

AUM, minimum SIP investment, and minimum lumpsum investment are some of the comparable parameters that form part of the other details section. The minimum SIP and lumpsum amount for both the schemes is same. The minimum SIP amount for both the schemes is INR 500 while the lumpsum amount for both the schemes is INR 5,000. However, the comparison of AUM shows a significant difference between both the schemes. As on March 31, 2018, the AUM of HDFC Equity Fund is approximately INR 20,381 Crores while of HDFC Growth Opportunities Fund is nearly INR 1,225 Crores. The comparison of the other details section is summarized in the table given below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Equity Fund
Growth
Fund Details
₹300
₹5,000
Roshi Jain - 1.59 Yr.
HDFC Growth Opportunities Fund
Growth
Fund Details
₹300
₹5,000
Gopal Agrawal - 3.63 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Equity Fund
Growth
Fund Details
DateValue
28 Feb 19₹10,000
29 Feb 20₹9,859
28 Feb 21₹13,161
28 Feb 22₹15,739
28 Feb 23₹18,098
29 Feb 24₹25,764
Growth of 10,000 investment over the years.
HDFC Growth Opportunities Fund
Growth
Fund Details
DateValue
28 Feb 19₹10,000
29 Feb 20₹10,265
28 Feb 21₹13,962
28 Feb 22₹16,933
28 Feb 23₹18,406
29 Feb 24₹27,413

Detailed portfolio Comparison

Asset Allocation
HDFC Equity Fund
Growth
Fund Details
Asset ClassValue
Cash8.29%
Equity89.23%
Debt2.48%
Equity Sector Allocation
SectorValue
Financial Services35.93%
Health Care12.58%
Technology9.5%
Industrials8.92%
Consumer Cyclical6.46%
Utility5.11%
Communication Services5.01%
Real Estate3.73%
Energy1.73%
Consumer Defensive0.26%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹4,524 Cr44,000,000
↑ 1,400,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
9%₹4,417 Cr30,200,000
↑ 4,900,000
Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | 500087
5%₹2,567 Cr19,000,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL
5%₹2,460 Cr8,200,000
↓ -200,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
5%₹2,396 Cr15,200,000
↓ -500,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
5%₹2,306 Cr36,000,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 532215
4%₹2,136 Cr20,000,000
↑ 4,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL
4%₹2,107 Cr18,000,000
↓ -1,000,000
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP
4%₹2,037 Cr3,207,166
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE
4%₹1,962 Cr14,000,000
Asset Allocation
HDFC Growth Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash2.71%
Equity96.77%
Debt0.52%
Equity Sector Allocation
SectorValue
Financial Services29.95%
Consumer Cyclical11.91%
Industrials11.28%
Technology10.23%
Health Care9.5%
Basic Materials7.36%
Utility4.25%
Energy4.13%
Consumer Defensive3.15%
Communication Services3%
Real Estate2.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK
4%₹678 Cr4,632,397
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 12 | ICICIBANK
4%₹582 Cr5,663,173
Infosys Ltd (Technology)
Equity, Since 30 Jun 04 | INFY
2%₹337 Cr2,030,379
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 20 | 532810
2%₹270 Cr6,100,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 14 | SBIN
2%₹270 Cr4,210,091
Reliance Industries Ltd (Energy)
Equity, Since 31 May 07 | RELIANCE
2%₹261 Cr913,093
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
2%₹254 Cr730,535
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 22 | 532215
2%₹251 Cr2,350,000
NTPC Ltd (Utilities)
Equity, Since 31 Dec 16 | 532555
1%₹221 Cr6,964,270
Mphasis Ltd (Technology)
Equity, Since 31 Oct 21 | 526299
1%₹221 Cr850,734

Therefore, with the help of above-mentioned pointers, it can be said that there are numerous differences between both the schemes. As a consequence, individuals should understand a scheme thoroughly before investing money in it. They should check whether their scheme matches their investment criteria or not. If required, individuals can also consult the opinion of a financial consultant. This will help individuals to attain their objectives on time and ensure the safety of their capital.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
How helpful was this page ?
Rated 5, based on 1 reviews.
POST A COMMENT