HDFC Developed World Overseas Equity Passive FOF
This is the Direct plan of HDFC Developed World Overseas Equity Passive FOF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★☆4/5 vs 47 of 51 FoF Overseas peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Overseas (same plan and option). 47 of the 51 FoF Overseas funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +26.37% · ranks 23 of 47 FoF Overseas funds
Volatility 12.6% vs 17.9% category avg
0.2% expense vs 0.6% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Ahead of the FoF Overseas average on 3M/6M/1Y — 1Y by 1.55pp
- 3-year return (+26.37%) beats the FoF Overseas average (+25.27%)
- 5-year return (+16.95%) beats the FoF Overseas average (+13.13%)
- Stronger risk-adjusted returns — Sharpe 1.58 vs 0.98 FoF Overseas average
- Less volatile than its FoF Overseas peers (12.6% vs 17.9%)
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (FoF Overseas)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.24% | +0.28% | -0.52% |
| 3M abs | +2.49% | +0.82% | +1.67% |
| 6M abs | +15.00% | +13.84% | +1.16% |
| 1Y CAGR | +23.43% | +21.88% | +1.55% |
| 3Y CAGR | +26.37% | +25.27% | +1.10% |
| 5Y CAGR | +16.95% | +13.13% | +3.82% |
Category average across peers in FoF Overseas (up to 51 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 51 peers in FoF Overseas
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into HDFC Developed World Overseas Equity Passive FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +17.55% | |
| 2025 | +26.29% | |
| 2024 | +22.54% | |
| 2023 | +23.77% | |
| 2022 | -9.45% | |
| 2021part | +7.09% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as non-equityThis is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
Sets the short-term (slab-rate) figure above.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other99.85%
- Cash & Equivalents0.15%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,633Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.
Fund Managers
NMNandita MenezesManaging since 29 Mar 2025
• B.Com (University of Mumbai)
Collectively over 3 years’ experience in Equity Dealing and auditing • December 29, 2021 till Date: HDFC Asset Management Company Limited • April 26, 2020 till March 5, 2021: S.R. Batliboi & Co LLP Last Position held: Executive - Assurance
- HDFC Arbitrage Fund
- HDFC Balanced Advantage Fund
- HDFC BSE 500 ETF - Growth Option
- HDFC BSE 500 Index Fund
- HDFC BSE India Sector Leaders Index Fund
- HDFC BSE REITS and Commercial Real Estate Index Fund
- HDFC BSE Sensex Index Fund
- HDFC Equity Savings Fund
- HDFC Gold ETF Fund of Fund
- HDFC Multi-Asset Allocation Fund
- HDFC NIFTY 100 Equal Weight Index Fund
- HDFC NIFTY 100 Index Fund
- HDFC Nifty 50 Index Fund
- HDFC Nifty India Consumption Index Fund
- HDFC Nifty India Digital Index Fund
- HDFC NIFTY LargeMidcap 250 Index Fund
- HDFC Nifty Metal ETF FOF
- HDFC NIFTY Midcap 150 ETF - Growth Option
- HDFC NIFTY Midcap 150 Index Fund
- HDFC NIFTY Next 50 index Fund
- HDFC NIFTY Realty Index Fund
- HDFC NIFTY Smallcap 250 ETF - Growth Option
- HDFC NIFTY Smallcap 250 Index Fund
- HDFC Nifty Top 20 Equal Weight Index Fund
- HDFC NIFTY100 Low Volatility 30 Index Fund
- HDFC Nifty100 Quality 30 Index Fund
- HDFC NIFTY200 Momentum 30 Index Fund
- HDFC NIFTY50 Equal Weight Index Fund
- HDFC NIFTY500 Multicap 50:25:25 Index Fund
- HDFC Silver ETF Fund of Fund
AAArun AgarwalManaging since 01 Feb 2022
• B.Com • Chartered Accountant
Collectively over 27 years’ experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations. • September 16, 2010 till Date: HDFC Asset Management Company Limited
- HDFC Arbitrage Fund
- HDFC Balanced Advantage Fund
- HDFC BSE 500 ETF - Growth Option
- HDFC BSE 500 Index Fund
- HDFC BSE India Sector Leaders Index Fund
- HDFC BSE REITS and Commercial Real Estate Index Fund
- HDFC BSE Sensex ETF - Growth Option
- HDFC BSE Sensex Index Fund
- HDFC Equity Savings Fund
- HDFC Gold ETF Fund of Fund
- HDFC Multi-Asset Allocation Fund
- HDFC NIFTY 100 Equal Weight Index Fund
- HDFC NIFTY 100 ETF - Growth Option
- HDFC NIFTY 100 Index Fund
- HDFC NIFTY 50 ETF - Growth Option
- HDFC Nifty 50 Index Fund
- HDFC NIFTY BANK ETF - Growth Option
- HDFC NIFTY GROWTH SECTORS 15 ETF - Growth Option
- HDFC Nifty India Consumption Index Fund
- HDFC Nifty India Digital Index Fund
- HDFC NIFTY IT ETF - Growth Option
- HDFC NIFTY LargeMidcap 250 Index Fund
- HDFC Nifty Metal ETF - Growth Option
- HDFC Nifty Metal ETF FOF
- HDFC NIFTY Midcap 150 ETF - Growth Option
- HDFC NIFTY Midcap 150 Index Fund
- HDFC NIFTY NEXT 50 ETF - Growth Option
- HDFC NIFTY Next 50 index Fund
- HDFC NIFTY Private Bank ETF - Growth Option
- HDFC NIFTY PSU BANK ETF - Growth Option
- HDFC NIFTY Realty Index Fund
- HDFC NIFTY Smallcap 250 ETF - Growth Option
- HDFC NIFTY Smallcap 250 Index Fund
- HDFC Nifty Top 20 Equal Weight Index Fund
- HDFC NIFTY100 Low Volatility 30 ETF - Growth Option
- HDFC NIFTY100 Low Volatility 30 Index Fund
- HDFC NIFTY100 QUALITY 30 ETF - Growth Option
- HDFC Nifty100 Quality 30 Index Fund
- HDFC NIFTY200 MOMENTUM 30 ETF - Growth Option
- HDFC NIFTY200 Momentum 30 Index Fund
- HDFC NIFTY50 Equal Weight Index Fund
- HDFC NIFTY50 VALUE 20 ETF - Growth Option
- HDFC NIFTY500 Multicap 50:25:25 Index Fund
- HDFC Silver ETF Fund of Fund
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
HDFC in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Moneycontrol hosts Mutual Fund Summit in New Delhi
MediaBrief · 9h ago
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
The Economic Times · 14h ago
HDFC FTSE India Equity ETF Direct growth
Upstox · 1d ago
HDFC Retirement Fund - Equity Plan - Direct Plan
ClearTax · 2d ago
HDFC Aggressive Hybrid Fund Direct Growth Option
ClearTax · 3d ago
HDFC ELSS - Tax Saver Fund -Direct Plan - Growth Option
ClearTax · 4d ago
HDFC Large & Mid Cap Fund Growth
ClearTax · 4d ago
Molbio Diagnostics Share Price Target Rs 1,600: Stock Jumps 5% as HDFC Mutual Fund Buys 1.99% in Bulk Deal
Univest · 4d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
Frequently asked questions
What is the NAV of HDFC Developed World Overseas Equity Passive FOF?
As of 01 Oct 2026, the NAV of HDFC Developed World Overseas Equity Passive FOF is ₹21.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Developed World Overseas Equity Passive FOF delivered?
HDFC Developed World Overseas Equity Passive FOF has returned +23.43% over 1 year, +26.37% per year over 3 years, +16.95% per year over 5 years and +16.95% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF charges an expense ratio of 0.21% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF's largest holdings are UBS (Irl) ETF plc - MSCI USA NSL UCITS ETF A-acc USD (72.3%), UBS MSCI Europe Index Fund USD I W-SSP acc (16.3%), UBS MSCI Japan Index Fund USD I W-SSP acc (5.5%), UBS MSCI Canada Index Fund USD I W-SSP acc (3.2%) and UBS MSCI Pacific ex Japan Index Fund USD I-W-SSP acc (2.6%). Holdings are disclosed monthly and change over time.
How risky is HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -19.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 1.58 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Developed World Overseas Equity Passive FOF's 1.58 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF is benchmarked against the MSCI World Index. Its alpha and beta on this page are measured against that index.
Who manages HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF is managed by Nandita Menezes and Arun Agarwal at HDFC.
How is HDFC Developed World Overseas Equity Passive FOF taxed?
HDFC Developed World Overseas Equity Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.