May 16, 2026
RA Jainee
HDFC MNC Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 13.72 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 13.72 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY MNC TRI |
| AUM Rs. | 528 Cr |
| (As on 30-Apr-2026) | |
| Expense | 1.81% |
| 1 Year Return (%) | 5.17 |
| 3 Year Return (%) | 9.30 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 10.46% |
⚖️ Sahifund Review – HDFC MNC Fund ✔
PLUS:
✓ Backed by the strong brand credibility and research ecosystem of HDFC Mutual Fund, one of India’s most trusted fund houses.
✓ MNC-focused portfolio provides exposure to globally managed businesses with strong governance and stable cash flows.
✓ Portfolio of 39 stocks offers decent diversification across leading multinational companies and sectors.
✓ Top holdings generally belong to quality-oriented businesses with resilient balance sheets and pricing power.
✓ Suitable for SIP investors seeking relatively defensive equity exposure with long-term wealth creation potential.
✓ Benchmark-linked strategy can benefit if global consumption and premium product demand remain strong in India.
✓ Fund has managed to outperform the BSE 500 TRI over the 1-year period despite volatile market conditions.
MINUS:
⚖️ Expense ratio of 1.81% is on the higher side compared to several competing MNC funds.
⚖️ 3-year return of 9.30% trails peers like ABSL and UTI MNC funds, indicating moderate underperformance.
⚖️ Portfolio P/E of 36.68 suggests premium valuations, which may limit upside during market corrections.
⚖️ Fund remains relatively new with just around 3 years of operating history across market cycles.
⚖️ High turnover ratio of 50.46% indicates elevated portfolio reshuffling and active management risk.
⚖️ MNC funds can underperform during aggressive mid-cap and domestic cyclical rallies.
⚖️ Sector concentration within consumer and global-facing businesses may create defensive return patterns during bull markets.
Sahifund View (Decisive Line):
HDFC MNC Fund may suit conservative SIP investors seeking quality multinational exposure, but diversified flexi-cap funds are still likely to deliver better long-term risk-adjusted returns for most investors.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
MNC funds are suitable for investors:
1. Seeking exposure in shares of multinational companies for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of multinational companies (MNCs).
Fund Manager:
1) Nikhil Mathur
Education: Mr. Mathur has done B.Tech and PGDM in Finance
Experience: Prior to joining HDFC Mutual Fund, he has worked with Ambit Capital, Goldman Sachs, Deloitte India and EY
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
Basic Details of HDFC MNC Fund
| Fund House | HDFC Mutual Fund |
| Launch Date | 09-Mar-23 |
| Return Since Launch | 10.46% |
| Benchmark | NIFTY MNC TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 528 Cr |
| (As on 30-Apr-2026) | |
| Expense | 1.81% |
| (As on 30-Apr-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 50.46% |
HDFC MNC Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC MNC Dir | -2.03 | 0.46 | 4.46 | -1.42 | -1.61 | 5.17 | 9.30 | — | — | — |
| BSE 500 TRI | -5.41 | 1.01 | 1.83 | -3.12 | -5.20 | 1.05 | 14.09 | — | — | — |
| Equity: Thematic-MNC | -0.34 | 0.49 | 5.01 | 1.10 | -0.23 | 7.64 | 11.22 | — | — | — |
| Rank within category | 4 | 4 | 3 | 5 | 4 | 3 | 4 | — | — | — |
| Number of funds in category | 7 | 7 | 7 | 7 | 7 | 6 | 5 | 4 | 3 | 3 |
Peer Comparison of HDFC MNC Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC MNC Dir | Unrated | 5.17 | 9.30 | — | 1.81 | 528 | 10.46 | 1.00 (365) | 3Y 2M | 50.46 |
| SBI MNC Dir | Unrated | 4.95 | 8.63 | 10.27 | 1.18 | 5,958 | 14.38 | 1.00 (30) | 13Y 4M | 55.00 |
| ABSL MNC Dir | Unrated | -0.83 | 11.60 | 7.56 | 1.29 | 3,353 | 13.22 | 1.00 (90) | 13Y 4M | 23.00 |
| UTI MNC Dir | Unrated | 2.74 | 11.68 | 11.11 | 2.22 | 2,662 | 13.89 | 1.00 (364) | 13Y 4M | 29.00 |
| Kotak MNC Dir | Unrated | 24.19 | — | — | 0.65 | 2,048 | 12.55 | 0.50 (90) | 1Y 6M | 19.24 |
HDFC MNC Fund Portfolio
| No. of Stocks | 39 |
| Top 10 Stocks | 56.69% |
| Top 5 Stocks | 36.10% |
| Top 3 Sectors | 59.92% |
| Portfolio P/B Ratio | 6.92 |
| Portfolio P/E Ratio | 36.68 |
Portfolio Breakup
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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