HDFC NIFTY Midcap 150 Index Fund Direct Growth performance review analysis for December: HDFC NIFTY Midcap 150 Index Fund Direct Growth, managed by the seasoned fund managers Arun Agarwal,Nirman Morakhia, remains a prominent player in the Index Funds. HDFC Nifty Midcap 150 Index Fund boasts an impressive AUM of ₹246.47 crore. Under the guidance of Arun Agarwal,Nirman Morakhia, the fund adheres to its objective of to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Midcap 150 Index, subject to tracking error.
Performance Analysis:
Over the past week, HDFC Nifty Midcap 150 Index Fund returned 1.82%, showing a positive delta of 3.02%. The one-month performance shows a positive trend, with the fund delivering 5.44%.
The performance over the longer durations is mentioned below:
Below is the list of top holdings in the fund:
Risk Measurement
Understanding the risk associated with the fund is crucial for investors. The Sharpe Ratio, which measures risk-adjusted returns, is a key indicator of how well the fund compensates investors for the risk taken. Over the past year, the fund’s Sharpe Ratio stands at 1.52, while the three-year and five-year ratios are 0.00 and 0.00, respectively. Sharpe ratio values above 1 are considered good, whereas values below 1 are considered bad.
In terms of volatility, the standard deviation over the same periods— 14.03% for one year, 0.00% for three years, and 0.00% for five years. Higher standard deviations indicate greater volatility, while lower ones suggest more stable returns.
The fund has increased its position in the following stocks:
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