HDFC Developed World Overseas Equity Passive FOF
FoF Overseas · HDFC Asset Management Company Limited
Among the 156 funds in its category, this one has grown money a bit faster than average. ₹1 lakh invested 3 years ago would be about ₹2 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6 lakh and grown it to about ₹10.4 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹80,420. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.HDFC Developed World Overseas Equity Passive FOF is a FoF Overseas fund from HDFC Asset Management Company Limited. It has a track record of about 4.9 years. As of the latest data it carries an RS rating of 82/99 (its recent momentum versus category peers) and a King Score of 77/100 (a long-term quality composite). The current NAV is ₹21.89 (as of 2026-09-16).
Growth of ₹100 - last 5 years
HDFC Developed World Overseas Equity Passive FOF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -2.34% | -2.26% |
| 3 months | 2.39% | -1.03% |
| 6 months | 16.3% | 11.75% |
| 1 year | 25.99% | 24.53% |
| 3 years (CAGR) | 25.05% | 23.16% |
Its trailing one-year return is 25.99%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | HDFC Developed World O | Benchmark |
|---|---|---|
| 2022 | -9.5% | +3.0% |
| 2023 | +23.8% | +25.8% |
| 2024 | +22.5% | +15.2% |
| 2025 | +26.3% | +6.7% |
| 2026 | +17.8% | -5.8% |
HDFC Developed World Overseas Equity Passive FOF beat its benchmark in 3 of the last 5 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in HDFC Developed World Overseas Equity Passive FOF would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹540,222 | 26.18% |
| 5 years | ₹600,000 | ₹1,044,146 | 22.72% |
Over 5 years, ₹600,000 invested in monthly instalments would have grown to about ₹1,044,146 - an XIRR of 22.72%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -19.58% | -29.92% |
| Worst drawdown (3Y) | -18.11% | -18.62% |
| Volatility (1Y) | 16.83% | 23.2% |
| Sharpe (3Y) | 1.31 | 0.77 |
| Sortino (3Y) | 2.44 | 1.47 |
| Beta (3Y) | 0.3 | 0.31 |
| Alpha (3Y) | 18.89% | 15.72% |
| Up capture | 62.6% | 63.19% |
| Down capture | 8.5% | 15.34% |
| Bull-market return | 26.8% | 22.11% |
| Bear-market return | -4.3% | -0.02% |
Timing matters more than people admit: the best possible 1-year stretch in HDFC Developed World Overseas Equity Passive FOF (starting 2025-04-09) gained 48.0%, while the worst (starting 2021-10-18) lost 13.6%. The worst peak-to-bottom fall HDFC Developed World Overseas Equity Passive FOF has ever put investors through is -19.58% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -4.3% annualised, versus 26.8% in rising markets. It has captured roughly 62.6% of its benchmark's up-moves and 8.5% of its down-moves.
How HDFC Developed World Overseas Equity Passive FOF behaves when markets fall
When the market is falling (the Nifty below its 200-day average), HDFC Developed World Overseas Equity Passive FOF has historically returned about -4.3% annualised, versus roughly 26.8% when the market is rising. Its deepest fall on record is -19.58%. Right now it sits about 2.34% below its all-time high (last hit 2026-08-14). The real question isn't the average year - it's whether you could hold on through the worst one.
How HDFC Developed World Overseas Equity Passive FOF ranks in its category
Percentile versus its ~156 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 21.21% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 9.4% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, HDFC Developed World Overseas Equity Passive FOF returned a median of 21.21% a year, and 100.0% of those windows were positive.
Who manages HDFC Developed World Overseas Equity Passive FOF - and how good are they?
HDFC Developed World Overseas Equity Passive FOF is managed by Arun Agarwal and Nandita Menezes. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Arun Agarwal's full record
Arun Agarwal currently runs 24 funds, across Equity Savings, FoF Domestic, FoF Overseas, Index Funds and more, with about ₹60,655 Cr under management. The book's average King Score is 55.4/100. This fund is the highest-scored fund they run (King 77/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Developed World Overseas Equity Passive FOF (this page) | 82 | 77 | 2.4% | 16.3% | 26.0% | 25.1% | n/a | n/a | 1.31 | 21.2% | -19.6% |
| 2 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 3 | HDFC Silver ETF Fund of Fund | 94 | 70 | -8.6% | -8.0% | 74.9% | 45.1% | n/a | n/a | 0.96 | 47.1% | -39.1% |
| 4 | HDFC Gold ETF Fund of Fund | 86 | 67 | 0.7% | -2.3% | 36.8% | 35.5% | 25.2% | 16.1% | 1.36 | 10.2% | -23.6% |
| 5 | HDFC NIFTY Midcap 150 Index Fund | 66 | 64 | -0.8% | 8.0% | 3.9% | 13.8% | n/a | n/a | 0.41 | 21.1% | -21.1% |
| 6 | HDFC NIFTY50 Equal weight Index Fund | 33 | 63 | -1.9% | 1.9% | -1.1% | 10.4% | 10.7% | n/a | 0.26 | 17.0% | -18.0% |
| 7 | HDFC NIFTY Next 50 Index Fund | 57 | 58 | -1.6% | 7.6% | 3.7% | 15.5% | n/a | n/a | 0.46 | 18.0% | -26.7% |
| 8 | HDFC Nifty 100 Equal Weight Index Fund | 44 | 57 | -1.8% | 4.8% | 1.1% | 12.6% | n/a | n/a | 0.38 | 17.6% | -21.6% |
| 9 | HDFC NIFTY Smallcap 250 Index Fund | 93 | 51 | 3.5% | 18.0% | 4.2% | 13.2% | n/a | n/a | 0.34 | 19.4% | -26.2% |
| 10 | HDFC BSE 500 Index Fund | 37 | 50 | -1.0% | 3.2% | -2.6% | 8.6% | n/a | n/a | 0.15 | 13.0% | -18.8% |
| 11 | HDFC NIFTY 100 Index Fund | 23 | 46 | -2.1% | -0.1% | -5.0% | 7.2% | n/a | n/a | 0.06 | 13.4% | -17.3% |
| 12 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
| 13 | HDFC Nifty 50 Index Fund | 13 | 30 | -2.2% | -1.7% | -6.8% | 5.7% | 6.6% | 11.2% | -0.05 | 13.3% | -38.4% |
| 14 | HDFC BSE Sensex Index Fund | 7 | 23 | -2.0% | -2.4% | -8.5% | 4.0% | 5.7% | 11.0% | -0.16 | 12.8% | -38.1% |
| 15 | HDFC Nifty India Digital Index Fund | 92 | n/a | 9.7% | 11.9% | -6.0% | n/a | n/a | n/a | -0.68 | n/a | -27.6% |
| 16 | HDFC NIFTY Realty Index Fund | 76 | n/a | 3.0% | 12.6% | -7.1% | n/a | n/a | n/a | -0.31 | n/a | -43.5% |
| 17 | HDFC NIFTY500 Multicap 50 25 25 Index Fund | 48 | n/a | -0.4% | 6.4% | -0.4% | n/a | n/a | n/a | -0.44 | n/a | -20.0% |
| 18 | HDFC NIFTY LargeMidcap 250 Index Fund | 41 | n/a | -1.4% | 4.0% | -0.5% | n/a | n/a | n/a | -0.44 | n/a | -16.8% |
| 19 | HDFC Nifty100 Quality 30 Index Fund | 34 | n/a | -0.0% | 2.6% | -4.8% | n/a | n/a | n/a | -0.22 | n/a | -15.2% |
| 20 | HDFC NIFTY100 Low Volatility 30 Index Fund | 26 | n/a | -1.4% | 0.7% | -5.9% | n/a | n/a | n/a | -0.48 | n/a | -18.2% |
| 21 | HDFC Nifty Top 20 Equal Weight Index Fund | 26 | n/a | 0.0% | -0.7% | -7.1% | n/a | n/a | n/a | -0.48 | n/a | -16.1% |
| 22 | HDFC NIFTY200 Momentum 30 Index Fund | 19 | n/a | -4.4% | 1.1% | -3.6% | n/a | n/a | n/a | -0.31 | n/a | -31.9% |
| 23 | HDFC BSE India Sector Leaders India Fund | n/a | n/a | -1.6% | 1.4% | n/a | n/a | n/a | n/a | n/a | n/a | -15.1% |
| 24 | HDFC Nifty India Consumption Index Fund | n/a | n/a | -0.1% | 4.2% | n/a | n/a | n/a | n/a | n/a | n/a | -13.3% |
Nandita Menezes's full record
Nandita Menezes currently runs 24 funds, across Equity Savings, FoF Domestic, FoF Overseas, Index Funds and more, with about ₹60,655 Cr under management. The book's average King Score is 55.4/100. This fund is the highest-scored fund they run (King 77/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Developed World Overseas Equity Passive FOF (this page) | 82 | 77 | 2.4% | 16.3% | 26.0% | 25.1% | n/a | n/a | 1.31 | 21.2% | -19.6% |
| 2 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 3 | HDFC Silver ETF Fund of Fund | 94 | 70 | -8.6% | -8.0% | 74.9% | 45.1% | n/a | n/a | 0.96 | 47.1% | -39.1% |
| 4 | HDFC Gold ETF Fund of Fund | 86 | 67 | 0.7% | -2.3% | 36.8% | 35.5% | 25.2% | 16.1% | 1.36 | 10.2% | -23.6% |
| 5 | HDFC NIFTY Midcap 150 Index Fund | 66 | 64 | -0.8% | 8.0% | 3.9% | 13.8% | n/a | n/a | 0.41 | 21.1% | -21.1% |
| 6 | HDFC NIFTY50 Equal weight Index Fund | 33 | 63 | -1.9% | 1.9% | -1.1% | 10.4% | 10.7% | n/a | 0.26 | 17.0% | -18.0% |
| 7 | HDFC NIFTY Next 50 Index Fund | 57 | 58 | -1.6% | 7.6% | 3.7% | 15.5% | n/a | n/a | 0.46 | 18.0% | -26.7% |
| 8 | HDFC Nifty 100 Equal Weight Index Fund | 44 | 57 | -1.8% | 4.8% | 1.1% | 12.6% | n/a | n/a | 0.38 | 17.6% | -21.6% |
| 9 | HDFC NIFTY Smallcap 250 Index Fund | 93 | 51 | 3.5% | 18.0% | 4.2% | 13.2% | n/a | n/a | 0.34 | 19.4% | -26.2% |
| 10 | HDFC BSE 500 Index Fund | 37 | 50 | -1.0% | 3.2% | -2.6% | 8.6% | n/a | n/a | 0.15 | 13.0% | -18.8% |
| 11 | HDFC NIFTY 100 Index Fund | 23 | 46 | -2.1% | -0.1% | -5.0% | 7.2% | n/a | n/a | 0.06 | 13.4% | -17.3% |
| 12 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
| 13 | HDFC Nifty 50 Index Fund | 13 | 30 | -2.2% | -1.7% | -6.8% | 5.7% | 6.6% | 11.2% | -0.05 | 13.3% | -38.4% |
| 14 | HDFC BSE Sensex Index Fund | 7 | 23 | -2.0% | -2.4% | -8.5% | 4.0% | 5.7% | 11.0% | -0.16 | 12.8% | -38.1% |
| 15 | HDFC Nifty India Digital Index Fund | 92 | n/a | 9.7% | 11.9% | -6.0% | n/a | n/a | n/a | -0.68 | n/a | -27.6% |
| 16 | HDFC NIFTY Realty Index Fund | 76 | n/a | 3.0% | 12.6% | -7.1% | n/a | n/a | n/a | -0.31 | n/a | -43.5% |
| 17 | HDFC NIFTY500 Multicap 50 25 25 Index Fund | 48 | n/a | -0.4% | 6.4% | -0.4% | n/a | n/a | n/a | -0.44 | n/a | -20.0% |
| 18 | HDFC NIFTY LargeMidcap 250 Index Fund | 41 | n/a | -1.4% | 4.0% | -0.5% | n/a | n/a | n/a | -0.44 | n/a | -16.8% |
| 19 | HDFC Nifty100 Quality 30 Index Fund | 34 | n/a | -0.0% | 2.6% | -4.8% | n/a | n/a | n/a | -0.22 | n/a | -15.2% |
| 20 | HDFC NIFTY100 Low Volatility 30 Index Fund | 26 | n/a | -1.4% | 0.7% | -5.9% | n/a | n/a | n/a | -0.48 | n/a | -18.2% |
| 21 | HDFC Nifty Top 20 Equal Weight Index Fund | 26 | n/a | 0.0% | -0.7% | -7.1% | n/a | n/a | n/a | -0.48 | n/a | -16.1% |
| 22 | HDFC NIFTY200 Momentum 30 Index Fund | 19 | n/a | -4.4% | 1.1% | -3.6% | n/a | n/a | n/a | -0.31 | n/a | -31.9% |
| 23 | HDFC BSE India Sector Leaders India Fund | n/a | n/a | -1.6% | 1.4% | n/a | n/a | n/a | n/a | n/a | n/a | -15.1% |
| 24 | HDFC Nifty India Consumption Index Fund | n/a | n/a | -0.1% | 4.2% | n/a | n/a | n/a | n/a | n/a | n/a | -13.3% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.21% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹1,706 Cr |
| Age | 4.9 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How HDFC Developed World Overseas Equity Passive FOF compares to peers
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
HDFC Developed World Overseas Equity Passive FOF review: the bottom line
Related
Frequently asked questions
Is HDFC Developed World Overseas Equity Passive FOF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, HDFC Developed World Overseas Equity Passive FOF scores 77/100 on our King Score and RS 82/99 within its category, has compounded 25.05% a year over three years, and its worst drawdown was -19.58%. Compare those against your needs and the peer table above.
What is the NAV of HDFC Developed World Overseas Equity Passive FOF today?
The latest NAV is ₹21.89 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of HDFC Developed World Overseas Equity Passive FOF?
The Direct-plan expense ratio is 0.21% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of HDFC Developed World Overseas Equity Passive FOF?
HDFC Developed World Overseas Equity Passive FOF is managed by Arun Agarwal; Nandita Menezes.
Is HDFC Developed World Overseas Equity Passive FOF safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -19.58% - ₹1 lakh briefly becoming about ₹80,420. As a international fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is HDFC Developed World Overseas Equity Passive FOF good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6 lakh into about ₹10.4 lakh (XIRR 22.72%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of HDFC Developed World Overseas Equity Passive FOF?
A ₹10,000/month SIP over 5 years would have grown to about ₹1,044,146 (an XIRR of 22.72%) on ₹600,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does HDFC Developed World Overseas Equity Passive FOF rank among similar funds?
On 3-year returns it sits around the 70th percentile of its category, and its consistency ranks 67th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is HDFC Developed World Overseas Equity Passive FOF tax-efficient / what about capital gains?
As a international fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See HDFC Developed World Overseas Equity Passive FOF live in the MF Terminal
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- Compare it side-by-side with any peer
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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.