HDFC MNC Fund NFO Review, Offer Details

HDFC MNC Fund New Fund Offer Review

Updated on 17 Oct, 2023

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HDFC Mutual Fund is launching a new equity fund, HDFC MNC Fund, that invests across a theme – Multi-National Companies (MNC). The New Fund Offer (NFO) period for the HDFC MNC Fund is from 17th February 2023, to 3rd March 2023. The scheme re-opens for continuous repurchases and sale within 5 business days from the date of allotment.

Investment Objective: To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of multinational companies (MNCs). There is no assurance that the investment objective of the Scheme will be realized.

HDFC MNC Fund NFO Details

Fund Name	HDFC MNC Fund
NFO Opening Date	17th February 2023
NFO Closing Date	3rd March 2023
Re-open Date	Within 5 business days from date of allotment
Type of Fund	Thematic/ Sectoral Fund
Fund Manager	Mr Rahul BaijalMr Priya Ranjan
Minimum Investment Amount	INR 100
Minimum Additional Purchase Amount	INR 100
Exit Load	0-1%
Suitability	Very High Risk
Benchmark	NIFTY MNC TRI
Plans and Options	Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option

NOTE:

All additional investment amounts should be multiple of INR 100
Minimum SIP/SWP for Monthly frequency is INR 100.

Who Can Invest in HDFC MNC Fund NFO?

HDFC MNC Fund is an MNC focused theme/ sectoral fund. The fund picks stocks of companies with good corporate governance, strong brand identity, superior technological capabilities, strong financial position and attractive returns. Therefore, investors who prefer exposure to MNC companies only can consider investing in the HDFC MNC fund. This thematic fund suits investors having an investment horizon of a minimum of 5 years or more, as it helps in long-term wealth creation. Since this is a thematic fund, one must be aware of the associated market risks.

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Fund Manager

Mr Rahul Baijal

Mr. Baijal is the Senior Fund Manager – Equity at HDFC Mutual Fund. He has a rich experience of over 19 years in Equity Research and Fund Management. Earlier, he was associated with Sundaram Mutual Fund, Bharti Axa Life Insurance, TVF Capital, HSBC Securities, CREDIT Suisse Securities and Standard Chartered Bank. He has done his PGDM(MBA) from IIM Calcutta and is also an Engineering Graduate of Delhi College of Engineering, Delhi.

Mr Priya Ranjan

Mr Rajan joined HDFC AMC in November 2020. He has more than 10 years of equity research experience covering the Indian Auto sector. Previously he covered consumer, telecom and pharma sectors. His prior associations were with Antique Stock Broking Limited, Systematix Institutional Equities, and Phillip Capital India to name a few. Mr Rajan holds an MBA degree from Mumbai University.

Asset Allocation

Instruments	Minimum Allocation	Maximum Allocation	Risk Profile
Equity and Equity related instruments of Multi National Companies (MNCs)	80%	100%	Very High
Equity and Equity related instruments of companies other than above	0%	20%	Very High
Units issued by REITs and InvITs	0%	10%	Medium to High
Debt and Money Market Instruments	0%	20%	Low to Medium
Units of Mutual Fund	0%	20%	Low to High

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Frequently Asked Questions

How Can I Invest in the HDFC MNC Fund?

You can invest in the HDFC MNC Fund through any of the following methods:
Offline: By filling out the HDFC NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or HDFC mutual fund office.
Online:
HDFC Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent

Is HDFC MNC Fund risky?

Yes, it is a very high-risk investment based on the riskometer. HDFC MNC Fund is a pure equity mutual fund that invests in a theme. The fund invests majorly across multi-national companies.

Is there a lock-in period for HDFC MNC Fund?

No, the HDFC MNC Fund has no lock-in period.

When will the scheme open for ongoing subscriptions, switches and redemptions?

The HDFC MNC Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.