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Fincash » HDFC Equity Fund Vs HDFC Top 100 Fund

HDFC Top 100 Fund Vs HDFC Equity Fund

Updated on November 13, 2019 , 1819 views

HDFC Equity Fund and HDFC Top 100 Fund both belong to the large-cap category of Mutual Fund scheme. Both the schemes are managed by the same fund house that is, HDFC Mutual Fund. In case of large-cap Mutual Funds, the pooled money is invested in shares of companies having a market capitalization of above INR 10,000 crores. The companies forming part of the large-cap category are considered to be the market leaders in their industry. They generate stable returns in long-term tenure. Even during economic downturns, the share prices of these schemes are considered to fluctuate less. Though both HDFC Equity Fund and HDFC Top 100 Fund belong to the same category and fund house, however, there are differences between both the schemes in terms of Current NAV, AUM, performance, and so on. So, let us understand the differences between both the schemes.

Overview of HDFC Top 100 Fund (Erstwhile HDFC Top 200 Fund)

HDFC Top 100 Fund (earlier known as HDFC Top 200 Fund) is open-ended large-cap Mutual Fund was incepted on October 11, 1996. The scheme uses S&P BSE 200 Index to build its portfolio of shares. It also uses S&P BSE SENSEX as an additional benchmark. HDFC Top 100 Fund is also managed by Mr. Prashant Jain and Mr. Rakesh Vyas. The objective of this scheme is to attain capital appreciation by Investing equity and equity-related instruments that are a part of S&P BSE 200 Index. As on March 31, 2018, the some of the holdings that formed part of HDFC Top 100 Fund’s portfolio consisted of Larsen & Toubro Limited, Tata Consultancy Services, Axis Bank Limited, Avenue Supermarts Limited, and Power Grid Corporation of India Limited.

About HDFC Equity Fund

HDFC Equity Fund is an open-ended large-cap Mutual Fund scheme which was launched in January 1995. The objective of this scheme is to attain capital appreciation over long-term and by investing in shares of large-cap companies. The investment discipline of HDFC Equity Fund is, focus on value, consistent focus on quality, and diversified yet focussed approach towards investing. As on March 31, 2018, some of the holdings that formed part of HDFC Equity Fund consisted of State Bank of India, ICICI Bank, Infosys Limited, Reliance Industries Limited, and Siemens Limited. HDFC Equity Fund is jointly managed by Mr. Prashant Jain and Mr. Rakesh Vyas. The scheme uses NIFTY 500 as its primary benchmark to construct its portfolio. Apart from NIFTY 500, the scheme also uses NIFTY 50 as its additional benchmark.

HDFC Equity Fund Vs HDFC Top 100 Fund

There are numerous differences between HDFC Equity Fund and HDFC Top 100 Fund though they belong to the same category and fund house. So, let us compare and understand the differences between both the schemes with respect to various parameters that are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

The elements that form part of basics section include Current NAV, Fincash Ratings and Scheme Category. To begin with the scheme category, it can be said that both the schemes belong to the same category, that is, Equity Large Cap. The next comparable element is Fincash Ratings. Based on Fincash Ratings, it can be said that both HDFC Equity Fund and HDFC Top 100 Fund are 3-Star rated Mutual Funds. The comparison of Current NAV reveals that HDFC Equity Fund leads the race. As on April 12, 2018, the NAV of HDFC Top 100 Fund was approximately INR 442d and the NAV of HDFC Equity Fund was INR 615. The comparative summary of the basics section is shown in the table as follows.

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
₹660.552 ↑ 2.88   (0.44 %)
₹22,491 on 30 Sep 19
1 Jan 95
Equity
Multi Cap
34
Moderately High
2.08
0.15
-0.1
1.32
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Top 100 Fund
Growth
Fund Details
₹493.116 ↑ 2.01   (0.41 %)
₹17,614 on 30 Sep 19
11 Oct 96
Equity
Large Cap
43
Moderately High
2.12
0.11
-0.33
-1.19
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The Compounded Annual Growth Rate or CAGR Returns between the two schemes is analyzed in the performance section. These returns are compared for different time intervals such as 1 Month Return, 6 Month Return, 1 Year Return, and 3 Year Returns. The comparison of the performance section reveals that, in many instances, the performance of HDFC Equity Fund is better as compared to the performance of HDFC Top 100 Fund. The table given below shows the comparison summary of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Equity Fund
Growth
Fund Details
5%
5.2%
3.4%
6.5%
10.9%
7%
18.4%
HDFC Top 100 Fund
Growth
Fund Details
4.8%
5.7%
3.6%
7.3%
11.7%
7.4%
19.5%

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Yearly Performance Section

The absolute returns for both the schemes generated in one year are compared in the yearly performance section. The comparison of yearly performance section shows that for certain years the performance of HDFC Top 100 Fund is better as compared to the performance of HDFC Equity Fund. However, for certain years, HDFC Equity Fund has performed better than HDFC Top 100 Fund. The summary of yearly performance section is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
HDFC Equity Fund
Growth
Fund Details
-3.5%
36.9%
7.3%
-5.1%
53.8%
HDFC Top 100 Fund
Growth
Fund Details
0.1%
32%
8.5%
-6.1%
46.5%

Other Details Section

It is the last section in the comparison of both the schemes. The elements forming part of other details section include AUM, Minimum Lumpsum and SIP investment, and exit load. To begin with the AUM comparison, it can be said that there is a significant difference between the AUM of HDFC Top 100 Fund and HDFC Equity Fund. As on February 28, 2018, the AUM of HDFC Top 100 Fund was approximately INR 15,250 Crores while of HDFC Equity Fund was INR 21,621 Crores. The comparison of minimum SIP and lumpsum investment shows that the SIP investment amount and lumpsum investment amount both are same. The minimum SIP amount for both the schemes is INR 500 while the lumpsum amount is INR 5,000. The table given below shows the summary of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Equity Fund
Growth
Fund Details
₹500
₹5,000
Prashant Jain - 16.29 Yr.
HDFC Top 100 Fund
Growth
Fund Details
₹500
₹5,000
Prashant Jain - 16.29 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹9,763
31 Oct 16₹11,074
31 Oct 17₹13,618
31 Oct 18₹13,238
31 Oct 19₹14,436
Growth of 10,000 investment over the years.
HDFC Top 100 Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹9,651
31 Oct 16₹10,949
31 Oct 17₹13,479
31 Oct 18₹13,267
31 Oct 19₹14,598

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Equity Fund
Growth
Fund Details
Asset ClassValue
Cash0.32%
Equity99.67%
Other0.01%
Equity Sector Allocation
SectorValue
Financial Services35.82%
Industrials15.46%
Technology13.36%
Energy9.99%
Utility9.86%
Basic Materials6.51%
Consumer Defensive5.31%
Health Care3.1%
Consumer Cyclical0.26%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹2,223 Cr51,259,189
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 12 | LT
9%₹2,104 Cr14,271,993
↑ 396,890
Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY
8%₹1,877 Cr23,297,439
↓ -3,364,420
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
8%₹1,869 Cr69,030,851
↑ 4,000,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 13 | RELIANCE
6%₹1,351 Cr10,138,267
↑ 427,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
5%₹1,152 Cr9,383,344
ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC
4%₹929 Cr35,747,261
NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | 532555
4%₹903 Cr76,882,235
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Apr 18 | 500547
4%₹896 Cr19,070,182
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 15 | TCS
3%₹739 Cr3,518,498
Asset Allocation
HDFC Top 100 Fund
Growth
Fund Details
Asset ClassValue
Cash0.59%
Equity99.4%
Other0.01%
Equity Sector Allocation
SectorValue
Financial Services36.21%
Energy14.83%
Technology13.6%
Industrials9.83%
Utility8.64%
Basic Materials7.65%
Consumer Defensive5.15%
Health Care3.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 06 | RELIANCE
9%₹1,619 Cr11,055,764
↓ -436,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
8%₹1,464 Cr11,896,294
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 05 | ICICIBANK
8%₹1,447 Cr31,243,853
↓ -4,752,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
7%₹1,251 Cr40,056,500
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 06 | LT
7%₹1,218 Cr8,265,828
↑ 882,000
Infosys Ltd (Technology)
Equity, Since 31 Aug 04 | INFY
6%₹1,022 Cr14,909,954
↓ -1,350,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
5%₹951 Cr36,915,140
↑ 2,000,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
4%₹736 Cr3,241,062
NTPC Ltd (Utilities)
Equity, Since 30 Jun 15 | 532555
4%₹675 Cr55,170,537
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | 532215
3%₹601 Cr8,155,405

There, in a nutshell, it can be said that both the schemes vary with respect to a lot of parameters. Therefore, individuals should be careful before investing in any of the schemes. They should understand the functioning of the scheme completely and then check whether it is in-line with their investment objectives or not. This will help them to attain their objectives on time and in a hassle-free manner.

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.
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