Hedge Fund News From HedgeCo.Net

HDFC Mutual Fund unwavered by recent failures

Money Control – HDFC Top 200 is the biggest fund in the country with a size of around Rs 9,765 crore as of August 2013. It has been one of the best-performing funds over the long term, managing to beat the index by a wide margin. But it has been a laggard over the last one year, when it moved away from the banking sector, which accounted for 25 percent of holdings (where SBI  was the top holding at 7.75 percent).

This year, Jain’s big bet is software, at 16.5 percent, with Infosys accounting for the bulk at 9.35 percent. Banking accounts for 19 percent, showing that the fund has changed its preference to go with the present tide.

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