HDFC Focused 30 Fund

(An open ended equity scheme investing in maximum 30 stocks in large-cap,

mid-cap and small-cap category (i.e. Multi-Cap))

May 2024
AUM
April 2024

INR 11,246.61 Cr.

Investment Objective
To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.
There is no assurance that the investment objective of the scheme will be realized.

HDFC Focused 30 Fund: Investment Strategy

 The Scheme seeks to generate long term capital appreciation/ income by investing in equity & equity related instruments of up to 30 companies.
 The Scheme would have the flexibility to invest across market capitalization.
 Focus on strong companies with growth drivers in medium to long term, especially those which are competitively placed in an industry
with good prospects
 Emphasis on Strong Management with an ability to capitalize on opportunities while managing risks
 Shall consider track record of corporate governance, ESG sensitivity and transparency
 Focus on valuation to provide reasonable margin of safety, without relying solely on traditional parameters like P/E or P/B
 Stock selection will be strategic and long term in nature

Top 10 Equity Holdings (as on 30th April , 2024)

Company Industry* % to
NAV
ICICI Bank Ltd. Banks 9.62
HDFC Bank Ltd.£ Banks 9.22
Axis Bank Ltd. Banks 7.78
Hindustan Aeronautics Limited Aerospace & Defense 4.90
Cipla Ltd. Pharmaceuticals & Biotechnology 4.73
State Bank of India Banks 4.33
Bharti Airtel Ltd. Telecom - Services 3.90
SBI Life Insurance Company Ltd. Insurance 3.83
HCL Technologies Ltd. IT - Software 3.40
Apollo Hospitals Enterprise Ltd. Healthcare Services 3.38

* Industry classification as recommended by AMFI. For complete portfolio details please refer to the website www.hdfcfund.com £ Sponsor

Top 10 Sectoral Trend (as on 30th April, 2024) Quantitative Data (Risk Ratios)
% to NAV
Industry Standard Deviation 11.952%
Nov Dec Jan Feb Mar Apr
23 23 24 24 24 24
Beta 0.799
Financial Services 34.6 35.7 35.8 38.1 37.6 39.7
Healthcare 12.7 12.9 15.0 14.3 14.6 14.0 Sharpe Ratio* 1.670
Capital Goods 6.0 6.3 6.4 7.2 7.0 7.5
Automobile and Auto Components 6.7 6.7 8.3 8.1 7.9 6.2 Computed for the 3 - year period ended April 30,
2024. Based on month end NAV.* Risk free Rate: 6.75%
Information Technology 7.7 6.6 5.9 5.7 5.1 5.0 (Source: FIMMDA MIBOR)
Telecommunication 3.8 3.4 3.6 3.3 3.4 3.9
Realty 3.2 2.8 2.6 2.2 2.3 2.5 Portfolio Turnover Ratio
Consumer Services 0.0 0.1 1.4 1.7 1.7 2.3
Consumer Durables 0.0 0.0 0.0 0.0 1.7 1.8 Portfolio Turnover Ratio
Power 6.8 7.1 4.8 3.9 2.1 1.5 (Last 1 Year) : 30.07%

Market Cap Segment wise Exposure

Nov 2023 Dec 2023 Jan 2024 Feb 2024 Mar 2024 Apr 2024
Large Cap 74.0% 73.3% 69.9% 69.2% 66.2% 66.7%
Mid Cap 6.1% 5.1% 6.2% 6.3% 6.2% 6.3%
Small Cap 3.0% 4.7% 8.4% 9.0% 11.0% 12.5%
% of Net Assets (As per AMFI classification as on December 2023)

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 HDFC Focused 30 Fund
(An open ended equity scheme investing in maximum 30 stocks in large-cap,
mid-cap and small-cap category (i.e. Multi-Cap))

May 2024

Fund Facts
Category of Scheme Focused Fund
Fund Manager* Roshi Jain (since January 13, 2022)
Inception Date September 17, 2004
Benchmark NIFTY 500 (Total Returns Index)
Investment Regular Plan, Direct Plan. Under Each Plan: Growth & Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW
Plans / Options Option offers following Sub-Options: Payout of Income Distribution cum Capital Withdrawal (IDCW) Option; and Reinvestment
of Income Distribution cum Capital Withdrawal (IDCW) Option.

Exit Load
• In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1
year from the date of allotment.
• No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment.
*Dedicated fund manager for overseas investments: Mr. Dhruv Muchhal (since June 22, 2023)

What's In What's Out (30th April, 2024 vs 31st March 2024)

Entry Exit
Company Name Industry Company Name Industry
United Spirits Ltd. Beverages Mahindra & Mahindra Ltd. Automobiles

Blue Dart Express Ltd. Transport Services National Thermal Power Corporation Ltd. Power

Increased Decreased
Company Name Industry Company Name Industry
Kotak Mahindra Bank Ltd. Banks State Bank Of India Banks
Axis Bank Ltd. Banks Prestige Estates Projects Ltd. Realty
Sapphire Foods India Ltd. Leisure Services
ICICI Bank Ltd. Banks
Bharti Airtel Ltd. Telecom - Services
HDFC Bank Ltd. Banks
HCL Technologies Ltd. IT - Software
Piramal Pharma Ltd. Pharmaceuticals & Biotechnology
Cipla Ltd. Pharmaceuticals & Biotechnology
Tech Mahindra Ltd. IT - Software
Apollo Hospitals Enterprise Ltd. Healthcare Services
Metropolis Healthcare Ltd. Healthcare Services

Product Labelling
This product is suitable for investors who are seeking* Riskometer#
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Investments in equity & equity related instruments of up to 30 companies
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RISKOMETER
*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. Investors understand that their principal will be at
very high risk
# For latest Riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com

Stocks/Sectors referred should not be construed as an investment advice or a recommendation by HDFC Mutual Fund (“the Fund”) / HDFC
AMC to buy or sell the stock or any other security covered under the respective sector/s. The Fund may or may not have any present or future
positions in these stocks/sectors.

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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.