HDFC MNC Fund
Thematic-MNCVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹14.00+1.33%1 day
- Return since launch
- 9.2%
- 52-week range
- ₹11.81 — ₹14.39
- AUM
- ₹534 Cr
HDFC MNC Fund is a Thematic-MNC equity fund from HDFC Mutual Fund with ₹534 Cr under management, launched in 2023. Over three years it has returned 3.6% a year, against 7.4% for its category. The expense ratio is 2.88% and the SEBI riskometer reading is Very High.
Performance
HDFC MNC Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.4% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.9% | +5.6 pts | 2.3% | 0.9% |
| 2Y | 5.3% | +0.3 pts | 5.0% | 2.3% |
| 3Y | 3.6% | −3.8 pts | 7.4% | 2.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.2% | +2.6 pts | 2.6% | 2.9% |
| 3M | -2.2% | +3.3 pts | -5.5% | -5.8% |
| 6M | 5.2% | +3.9 pts | 1.2% | 0.2% |
| 1Y | 3.4% | +1.0 pts | 2.3% | -0.6% |
| 2Y | 0.1% | −1.3 pts | 1.5% | -0.3% |
| 3Y | 6.9% | −0.5 pts | 7.4% | 7.0% |
Since launch (17 Feb 2023): 9.2%
Calendar-year returns
Category average8.4%
-0.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -0.6% | −3.0 pts | 2.4% |
| 2024 | 8.4% | −5.9 pts | 14.3% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.87%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.09%
- Brokerage
- 0.10%
- Transaction charges
- 0.03%
- Statutory levies
- 0.65%
- Exit load
- Exit load of 1%, if redeemed within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY MNC TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -4.41 | -2.81 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 0.88 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.04 | 0.12 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.05 | 0.15 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.66 | 14.95 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC MNC Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity96.6%
- Other3.4%
Market cap split
- Large53.5%
- Mid26.2%
- Small20.3%
- P/E
- 36.51
- P/B
- 7.04
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd. | Automobile | 8.14% | ₹43.50 Cr | +9.87% | +6.25% | +8.74% |
| Britannia Industries Ltd. | Consumer Staples | 5.81% | ₹31.04 Cr | +6.66% | +8.01% | +5.10% |
| Hindustan Unilever Ltd. | Consumer Staples | 5.53% | ₹29.54 Cr | +6.83% | +7.34% | +4.51% |
| Cummins India Ltd. | Capital Goods | 4.58% | ₹24.45 Cr | +6.43% | +2.60% | +2.01% |
| Nestle India Ltd. | Consumer Staples | 4.44% | ₹23.72 Cr | +6.06% | +7.94% | +6.22% |
| United Spirits Ltd. | Consumer Staples | 4.39% | ₹23.45 Cr | +3.85% | +6.18% | +7.28% |
| Bosch Ltd. | Automobile | 3.93% | ₹21.01 Cr | +3.29% | +3.67% | +3.89% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 3.86% | ₹20.64 Cr | — | — | — |
| Others | Others | 3.42% | ₹18.27 Cr | -0.88% | -0.30% | -0.14% |
| Timken India Ltd. | Capital Goods | 3.25% | ₹17.34 Cr | +3.79% | +4.27% | +3.18% |
| LG Electronics India Ltd. | Consumer Discretionary | 3.23% | ₹17.24 Cr | +1.77% | — | — |
| Gland Pharma Ltd. | Healthcare | 3.03% | ₹16.17 Cr | +2.01% | — | — |
| Neuland Laboratories Ltd. | Healthcare | 3.02% | ₹16.12 Cr | +2.25% | — | — |
| Hyundai Motor India Ltd. | Automobile | 2.88% | ₹15.37 Cr | +3.01% | +1.96% | +2.53% |
| Pearl Global Industries Ltd. | Textiles | 2.70% | ₹14.44 Cr | +2.15% | +1.41% | — |
| Divi's Laboratories Ltd. | Healthcare | 2.58% | ₹13.80 Cr | +0.76% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.47% | ₹13.17 Cr | +2.50% | — | — |
| Ashok Leyland Ltd. | Automobile | 2.40% | ₹12.80 Cr | +2.42% | +1.17% | +2.17% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 2.32% | ₹12.39 Cr | +3.11% | — | — |
| ABB India Ltd. | Capital Goods | 2.30% | ₹12.29 Cr | +2.17% | — | +0.79% |
| Vedanta Ltd. | Metals & Mining | 1.82% | ₹9.71 Cr | +1.95% | +5.19% | — |
| Tenneco Clean Air India Ltd | Automobile | 1.62% | ₹8.66 Cr | — | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.55% | ₹8.26 Cr | — | +1.07% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.49% | ₹7.96 Cr | +2.76% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.36% | ₹7.27 Cr | +1.42% | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.33% | ₹7.11 Cr | +1.57% | — | — |
| Oracle Financial Services Software Ltd. | Technology | 1.31% | ₹7.02 Cr | +1.32% | — | — |
| Ambuja Cements Ltd. | Materials | 1.21% | ₹6.45 Cr | +0.96% | +1.82% | +6.88% |
| INDO-MIM Ltd. | Capital Goods | 1.20% | ₹6.40 Cr | — | — | — |
| Rubicon Research Ltd. | Healthcare | 1.18% | ₹6.29 Cr | — | — | — |
| Symbiotec Pharmalab Ltd. | Healthcare | 1.11% | ₹5.96 Cr | — | — | — |
| Tech Mahindra Ltd. | Technology | 1.06% | ₹5.65 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 1.05% | ₹5.59 Cr | +1.00% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.04% | ₹5.57 Cr | +1.09% | +0.41% | +0.35% |
| Graphite India Ltd. | Capital Goods | 1.00% | ₹5.35 Cr | — | — | — |
| Molbio Diagnostics Ltd. | Healthcare | 0.97% | ₹5.16 Cr | — | — | — |
| Mphasis Ltd. | Technology | 0.93% | ₹4.99 Cr | — | — | — |
| Escorts Kubota Ltd. | Automobile | 0.92% | ₹4.93 Cr | +0.99% | +3.69% | +6.35% |
| Siemens Energy India Ltd. | Energy | 0.87% | ₹4.64 Cr | +1.53% | — | +0.31% |
| Lupin Ltd. | Healthcare | 0.64% | ₹3.41 Cr | — | +3.47% | +6.67% |
| Wockhardt Ltd. | Healthcare | 0.56% | ₹2.99 Cr | +1.03% | — | — |
| Novartis India Ltd. | Healthcare | 0.44% | ₹2.35 Cr | +0.51% | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 0.43% | ₹2.29 Cr | — | — | — |
| HEG Graphite Ltd. | Capital Goods | 0.42% | ₹2.26 Cr | — | — | — |
| HEG Advanced Materials Ltd. | Capital Goods | 0.21% | ₹1.15 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Ajanta Pharma Ltd. | 2.77% | 0.00% | -2.77% |
| Anthem Biosciences Ltd. | 2.08% | 0.00% | -2.08% |
| Graphite India Ltd. | 0.00% | 1.00% | +1.00% |
| Mphasis Ltd. | 0.00% | 0.93% | +0.93% |
| Maruti Suzuki India Ltd. | 9.03% | 8.14% | -0.89% |
| Tech Mahindra Ltd. | 0.25% | 1.06% | +0.81% |
| Gland Pharma Ltd. | 2.22% | 3.03% | +0.81% |
| Britannia Industries Ltd. | 6.48% | 5.81% | -0.67% |
| Nestle India Ltd. | 5.10% | 4.44% | -0.66% |
| GE Vernova T&D India Ltd | 2.08% | 1.49% | -0.59% |
| Vedanta Aluminium Metal Ltd. | 1.73% | 2.32% | +0.59% |
| Molbio Diagnostics Ltd. | 1.51% | 0.97% | -0.54% |
| Hindustan Unilever Ltd. | 6.05% | 5.53% | -0.52% |
| Schneider Electric Infrastructure Ltd. | 0.00% | 0.43% | +0.43% |
| HEG Graphite Ltd. | 0.00% | 0.42% | +0.42% |
| Divi's Laboratories Ltd. | 2.18% | 2.58% | +0.40% |
| INDO-MIM Ltd. | 0.80% | 1.20% | +0.40% |
| LG Electronics India Ltd. | 2.89% | 3.23% | +0.34% |
| HEG Advanced Materials Ltd. | 0.52% | 0.21% | -0.31% |
| ABB India Ltd. | 2.04% | 2.30% | +0.26% |
| Symbiotec Pharmalab Ltd. | 0.88% | 1.11% | +0.23% |
| Rubicon Research Ltd. | 0.96% | 1.18% | +0.22% |
| Pearl Global Industries Ltd. | 2.50% | 2.70% | +0.20% |
| Ashok Leyland Ltd. | 2.57% | 2.40% | -0.17% |
| Timken India Ltd. | 3.08% | 3.25% | +0.17% |
| United Spirits Ltd. | 4.56% | 4.39% | -0.17% |
| Oracle Financial Services Software Ltd. | 1.46% | 1.31% | -0.15% |
| Sona BLW Precision Forgings Ltd. | 1.43% | 1.55% | +0.12% |
| Novartis India Ltd. | 0.56% | 0.44% | -0.12% |
| Wockhardt Ltd. | 0.47% | 0.56% | +0.09% |
| Hyundai Motor India Ltd. | 2.95% | 2.88% | -0.07% |
| Sun Pharmaceutical Industries Ltd. | 2.54% | 2.47% | -0.07% |
| Hitachi Energy India Ltd. | 1.42% | 1.36% | -0.06% |
| Others | -0.47% | -0.52% | -0.05% |
| Cummins India Ltd. | 4.63% | 4.58% | -0.05% |
| Neuland Laboratories Ltd. | 3.07% | 3.02% | -0.05% |
| Ipca Laboratories Ltd. | 1.29% | 1.33% | +0.04% |
| Siemens Energy India Ltd. | 0.83% | 0.87% | +0.04% |
| Escorts Kubota Ltd. | 0.96% | 0.92% | -0.04% |
| Schaeffler India Ltd. | 1.01% | 1.04% | +0.03% |
| Tenneco Clean Air India Ltd | 1.59% | 1.62% | +0.03% |
| Siemens Ltd. | 1.07% | 1.05% | -0.02% |
| Vedanta Ltd. | 1.84% | 1.82% | -0.02% |
| Ambuja Cements Ltd. | 1.22% | 1.21% | -0.01% |
| Lupin Ltd. | 0.65% | 0.64% | -0.01% |
| Bosch Ltd. | 3.94% | 3.93% | -0.01% |
| Torrent Pharmaceuticals Ltd. | 3.85% | 3.86% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,433 Cr | 2.11% | 2.9% | 3.1% | 7.0% |
 SBI MNC Fund | ₹6,381 Cr | 2.01% | 16.7% | 7.8% | 8.4% |
 Aditya Birla Sun Life MNC Fund | ₹3,029 Cr | 2.12% | -8.6% | -2.7% | 3.4% |
 UTI MNC Fund | ₹2,619 Cr | 2.17% | 2.3% | 3.0% | 7.3% |
 ICICI Prudential MNC Fund | ₹1,703 Cr | 2.14% | 1.3% | 4.4% | 8.8% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of multinational companies (MNCs).
Fund managers
- Nikhil MathurMr. Mathur has done B.Tech and PGDM in FinancePrior to joining HDFC Mutual Fund, he has worked with Ambit Capital, Goldman Sachs, Deloitte India and EY
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.15% absolute | ₹60,000 | ₹63,090 | 5.15% | |
| 1 year3.37% annualised | ₹1,20,000 | ₹1,22,213 | 1.84% | |
| 3 years6.87% annualised | ₹3,60,000 | ₹4,00,804 | 11.33% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC MNC Fund?
The NAV of HDFC MNC Fund is ₹14.00 as on 9 Nov 2026.
What is the expense ratio of HDFC MNC Fund?
The expense ratio of HDFC MNC Fund is 2.88% per year.
What is the minimum SIP amount for HDFC MNC Fund?
You can start a SIP in HDFC MNC Fund with ₹3,000 a month.
Is there a lock-in or exit load on HDFC MNC Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 1 year..
How risky is HDFC MNC Fund?
HDFC MNC Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-MNC category.
Which fund house manages HDFC MNC Fund?
HDFC MNC Fund is managed by HDFC Mutual Fund, which runs 86 schemes with ₹9,96,954 Cr under management.