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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.
Popular Funds by HDFC Mutual Funds
- HDFC Balanced Advantage Fund (G)
- HDFC Small Cap Fund (G)
- HDFC Top 100 Fund (G)
- HDFC Flexi Cap Fund (G)
- HDFC Banking & Financial Services Fund (G)
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 |
Similar Mutual Funds
- UTI MNC Fund
- Aditya Birla Sun Life MNC Fund
- SBI Magnum Global Fund
- Axis Global Equity Alpha Fund of Fund
Frequently Asked Questions
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
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.
No, the HDFC MNC Fund has no lock-in period.
The HDFC MNC Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.
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