HDFC MF's new scheme: You can get it by investing Rs 5,000

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HDFC Mutual Fund NFO: If you are looking for a new and better scheme to invest in mutual funds, then you have a chance. HDFC Mutual Fund has launched a new scheme HDFC Multicap Fund. This New Fund Offer (NFO) will open for investment on 23 November 2021. You can invest money in it till December 7, 2021. The NIFTY500 Multicap 50:25:25 Index will be its benchmark.

NFO: Minimum investment

It is necessary to invest at least Rs 5,000 in HDFC Multi Cap Fund. Any amount can be invested after that. This NFO will give investors an opportunity to invest in large, mid, and small-cap stocks. The scheme will invest a minimum of 25 percent of the total assets in each of the large, mid, and small-cap companies. Whereas the remaining 25 percent of its total assets will be invested based on the market vision of the fund manager. As per SEBI norms, multi-cap funds are required to have a minimum exposure of 25 percent under each market cap. The scheme will be managed by Gopal Agarwal.

NFO: Who is better for whom?

HDFC Mutual Fund says that this fund is best suited for investors who want to diversify their portfolio with disciplined exposure in large-cap, mid-cap, and small cap segments. With regard to investment strategy, HDFC Multi-Cap Fund has a mixed approach of top-down and bottom up for stock selection.

As per the current investment strategy, the scheme will invest around 60 to 75 percent of the total assets in large and mid-caps. In addition, it will invest 25-40 percent of the total assets in small caps. The scheme’s fund manager Gopal Agarwal says that HDFC Multi-Cap Fund is a better option for earning risk-adjusted returns.

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Highlights of HDFC Multicap Fund

  • It will invest in large-cap, mid-cap, and small-cap stocks.
  • Benchmark: NIFTY500 Multicap 50:25:25 Index
  • Minimum investment: A minimum investment of Rs 5,000 and how much can be made after that in this scheme.
  • NFO Period: It will open on 23rd November 2021. You can invest till 7th December 2021.
  • Exit Load: 1% within 1 year from the date of allotment, Nil after 1 year.
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