HDFC MNC Fund
Thematic-MNCVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹13.88+0.41%1 day
- Return since launch
- 9.6%
- 52-week range
- ₹11.81 — ₹14.39
- AUM
- ₹566 Cr
HDFC MNC Fund is a Thematic-MNC equity fund from HDFC Mutual Fund with ₹566 Cr under management, launched in 2023. Over three years it has returned 3.7% a year, against 7.4% for its category. The expense ratio is 2.95% 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 +2.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.9% | +1.4 pts | 5.5% | 3.5% |
| 2Y | 4.4% | +0.3 pts | 4.0% | 3.5% |
| 3Y | 3.7% | −3.7 pts | 7.4% | 4.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.1% | +0.6 pts | -3.7% | -3.6% |
| 3M | 3.3% | +2.2 pts | 1.1% | 0.6% |
| 6M | 15.3% | +1.2 pts | 14.1% | 13.0% |
| 1Y | 3.4% | −2.1 pts | 5.5% | 2.5% |
| 2Y | -4.8% | −2.0 pts | -2.8% | -3.2% |
| 3Y | 6.5% | −0.9 pts | 7.4% | 7.2% |
Since launch (17 Feb 2023): 9.6%
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
2.90%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.08%
- Brokerage
- 0.10%
- Transaction charges
- 0.04%
- Statutory levies
- 0.68%
- 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 | -4.04 | -1.75 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.99 | 0.86 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.17 | 0.29 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.20 | 0.38 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.19 | 14.38 | 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 31 Aug 2026
Asset allocation
- Equity99.1%
- Other0.9%
Market cap split
- Large53.4%
- Mid29.9%
- Small16.8%
- P/E
- 39.30
- P/B
- 7.93
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd. | Automobile | 9.03% | ₹51.16 Cr | +7.84% | +6.57% | +7.34% |
| Britannia Industries Ltd. | Consumer Staples | 6.48% | ₹36.70 Cr | +6.85% | +7.71% | +3.10% |
| Hindustan Unilever Ltd. | Consumer Staples | 6.05% | ₹34.28 Cr | +5.03% | +7.27% | +4.45% |
| Nestle India Ltd. | Consumer Staples | 5.10% | ₹28.89 Cr | +7.57% | +7.60% | +5.67% |
| Cummins India Ltd. | Capital Goods | 4.63% | ₹26.22 Cr | +6.79% | +2.46% | +5.09% |
| United Spirits Ltd. | Consumer Staples | 4.56% | ₹25.80 Cr | +3.68% | +6.09% | +7.22% |
| Bosch Ltd. | Automobile | 3.94% | ₹22.31 Cr | +3.07% | +4.04% | +2.12% |
| company:3988 | Healthcare | 3.85% | ₹21.78 Cr | — | — | — |
| Timken India Ltd. | Capital Goods | 3.08% | ₹17.41 Cr | +4.02% | +3.99% | +3.06% |
| Neuland Laboratories Ltd. | Healthcare | 3.07% | ₹17.37 Cr | +1.58% | — | — |
| Hyundai Motor India Ltd. | Automobile | 2.95% | ₹16.69 Cr | +3.09% | +2.07% | +2.42% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.89% | ₹16.38 Cr | — | — | — |
| Ajanta Pharma Ltd. | Healthcare | 2.77% | ₹15.68 Cr | — | — | — |
| Ashok Leyland Ltd. | Automobile | 2.57% | ₹14.58 Cr | +2.43% | +2.95% | +1.93% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.54% | ₹14.39 Cr | +2.45% | — | — |
| Pearl Global Industries Ltd. | Textiles | 2.50% | ₹14.18 Cr | +1.84% | +1.39% | — |
| Gland Pharma Ltd. | Healthcare | 2.22% | ₹12.55 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | 2.18% | ₹12.35 Cr | +0.38% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 2.08% | ₹11.79 Cr | +3.43% | +3.90% | +4.19% |
| GE Vernova T&D India Ltd | Capital Goods | 2.08% | ₹11.76 Cr | +3.52% | — | — |
| ABB India Ltd. | Capital Goods | 2.04% | ₹11.56 Cr | +2.75% | — | +0.76% |
| Vedanta Ltd. | Metals & Mining | 1.84% | ₹10.43 Cr | +2.49% | +2.07% | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.73% | ₹9.79 Cr | +2.40% | — | — |
| Tenneco Clean Air India Ltd | Automobile | 1.59% | ₹9.02 Cr | — | — | — |
| company:20769 | Healthcare | 1.51% | ₹8.57 Cr | — | — | — |
| Oracle Financial Services Software Ltd. | Technology | 1.46% | ₹8.28 Cr | +1.24% | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.43% | ₹8.09 Cr | +1.20% | +1.03% | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.42% | ₹8.02 Cr | +1.59% | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.29% | ₹7.29 Cr | — | — | — |
| Ambuja Cements Ltd. | Materials | 1.22% | ₹6.92 Cr | +1.64% | +5.80% | +6.82% |
| Siemens Ltd. | Capital Goods | 1.07% | ₹6.05 Cr | +1.08% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.01% | ₹5.74 Cr | +1.09% | +0.40% | +0.33% |
| Escorts Kubota Ltd. | Automobile | 0.96% | ₹5.44 Cr | +0.98% | +4.58% | +6.58% |
| company:20242 | Healthcare | 0.96% | ₹5.43 Cr | — | — | — |
| Others | Others | 0.94% | ₹5.33 Cr | -1.37% | +0.42% | -0.08% |
| company:20823 | Healthcare | 0.88% | ₹5.00 Cr | — | — | — |
| Siemens Energy India Ltd. | Energy | 0.83% | ₹4.68 Cr | +1.64% | — | +0.30% |
| INDO-MIM Ltd. | Capital Goods | 0.80% | ₹4.51 Cr | — | — | — |
| company:2167 | Healthcare | 0.65% | ₹3.67 Cr | — | +3.00% | +6.63% |
| Novartis India Ltd. | Healthcare | 0.56% | ₹3.20 Cr | +0.56% | — | — |
| company:1413 | Capital Goods | 0.52% | ₹2.94 Cr | — | — | — |
| Wockhardt Ltd. | Healthcare | 0.47% | ₹2.66 Cr | +0.67% | — | — |
| Tech Mahindra Ltd. | Technology | 0.25% | ₹1.42 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:3988 | 0.00% | 3.85% | +3.85% |
| Tata Motors Ltd. | 1.88% | 0.00% | -1.88% |
| company:20769 | 0.00% | 1.51% | +1.51% |
| LG Electronics India Ltd. | 1.66% | 2.89% | +1.23% |
| Hexaware Technologies Ltd. | 1.17% | 0.00% | -1.17% |
| Biocon Ltd. | 1.01% | 0.00% | -1.01% |
| company:20242 | 0.00% | 0.96% | +0.96% |
| company:20823 | 0.00% | 0.88% | +0.88% |
| Glenmark Pharmaceuticals Ltd. | 0.76% | 0.00% | -0.76% |
| Maruti Suzuki India Ltd. | 9.72% | 9.03% | -0.69% |
| Wockhardt Ltd. | 1.13% | 0.47% | -0.66% |
| company:2167 | 0.00% | 0.65% | +0.65% |
| Bosch Ltd. | 3.32% | 3.94% | +0.62% |
| HCL Technologies Ltd. | 0.61% | 0.00% | -0.61% |
| Hindustan Unilever Ltd. | 6.62% | 6.05% | -0.57% |
| Tata Consultancy Services Ltd. | 0.53% | 0.00% | -0.53% |
| company:1413 | 0.00% | 0.52% | +0.52% |
| Cummins India Ltd. | 5.13% | 4.63% | -0.50% |
| Others | 0.01% | -0.47% | -0.48% |
| Neuland Laboratories Ltd. | 2.60% | 3.07% | +0.47% |
| Hyundai Motor India Ltd. | 3.37% | 2.95% | -0.42% |
| Tenneco Clean Air India Ltd | 1.19% | 1.59% | +0.40% |
| Britannia Industries Ltd. | 6.85% | 6.48% | -0.37% |
| Pearl Global Industries Ltd. | 2.15% | 2.50% | +0.35% |
| Gland Pharma Ltd. | 1.88% | 2.22% | +0.34% |
| Anthem Biosciences Ltd. | 2.42% | 2.08% | -0.34% |
| Divi's Laboratories Ltd. | 1.90% | 2.18% | +0.28% |
| GE Vernova T&D India Ltd | 2.36% | 2.08% | -0.28% |
| Ajanta Pharma Ltd. | 2.98% | 2.77% | -0.21% |
| United Spirits Ltd. | 4.75% | 4.56% | -0.19% |
| Nestle India Ltd. | 5.27% | 5.10% | -0.17% |
| ABB India Ltd. | 2.19% | 2.04% | -0.15% |
| Ambuja Cements Ltd. | 1.35% | 1.22% | -0.13% |
| Vedanta Aluminium Metal Ltd. | 1.85% | 1.73% | -0.12% |
| Oracle Financial Services Software Ltd. | 1.34% | 1.46% | +0.12% |
| INDO-MIM Ltd. | 0.72% | 0.80% | +0.08% |
| Ipca Laboratories Ltd. | 1.36% | 1.29% | -0.07% |
| Ashok Leyland Ltd. | 2.50% | 2.57% | +0.07% |
| Sun Pharmaceutical Industries Ltd. | 2.61% | 2.54% | -0.07% |
| Timken India Ltd. | 3.15% | 3.08% | -0.07% |
| Escorts Kubota Ltd. | 1.01% | 0.96% | -0.05% |
| Schaeffler India Ltd. | 1.06% | 1.01% | -0.05% |
| Siemens Ltd. | 1.02% | 1.07% | +0.05% |
| Vedanta Ltd. | 1.79% | 1.84% | +0.05% |
| Hitachi Energy India Ltd. | 1.38% | 1.42% | +0.04% |
| Sona BLW Precision Forgings Ltd. | 1.39% | 1.43% | +0.04% |
| Novartis India Ltd. | 0.53% | 0.56% | +0.03% |
| Siemens Energy India Ltd. | 0.85% | 0.83% | -0.02% |
| Tech Mahindra Ltd. | 0.26% | 0.25% | -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 | ₹3,652 Cr | 2.12% | 5.6% | 4.5% | 8.0% |
 SBI MNC Fund | ₹6,718 Cr | 2.03% | 22.7% | 9.1% | 9.4% |
 Aditya Birla Sun Life MNC Fund | ₹3,293 Cr | 2.10% | -5.1% | -0.3% | 5.1% |
 UTI MNC Fund | ₹2,790 Cr | 2.18% | 0.3% | 3.2% | 7.5% |
 ICICI Prudential MNC Fund | ₹1,808 Cr | 2.16% | 4.5% | 6.1% | 10.0% |
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 months15.25% absolute | ₹60,000 | ₹69,150 | 15.25% | |
| 1 year3.35% annualised | ₹1,20,000 | ₹1,22,200 | 1.83% | |
| 3 years6.52% annualised | ₹3,60,000 | ₹3,98,590 | 10.72% |
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 ₹13.88 as on 25 Sep 2026.
What is the expense ratio of HDFC MNC Fund?
The expense ratio of HDFC MNC Fund is 2.95% 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 85 schemes with ₹9,61,940 Cr under management.