HDFC Non-Cyclical Consumer Fund NFO
NFO opens on June 23, 2023
NFO will close on July 07, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related securities of companies with a focus on non-cyclical consumer theme.
Basic Details
Fund House | HDFC Mutual Fund |
Issue Open | 23 June 2023 |
Issue Close | 07 July 2023 |
Type | Open-ended |
Category | Equity: Thematic-Consumption |
Min. Investment(₹) | 100 |
Plans | Growth, IDCW |
Lock-in Period | NA |
Exit Load | 1% for redemption within 365 days |
Riskometer | Very High |
Benchmark | NIFTY India Consumption TRI |
About Benchmark Index
The Nifty India Consumption Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. The Nifty India Consumption Index comprises of 30 companies listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%. Nifty India Consumption Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Consumption Total Returns Index.
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 11.29 | 5.50 | 15.19 | 9.59 | 12.65 |
Total Return | 11.41 | 5.84 | 16.38 | 10.90 | 14.02 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 12.02 | 17.66 | 19.53 |
Beta (NIFTY 50) | 0.74 | 0.79 | 0.80 |
Correlation (NIFTY 50) | 0.77 | 0.86 | 0.90 |
Fundamentals
P/E | P/B | Dividend Yield |
40.4 | 8.64 | 1.17 |
Top constituents by weightage
Company’s Name | Weight(%) |
ITC Ltd. | 10.46 |
Bharti Airtel Ltd. | 9.96 |
Hindustan Unilever Ltd. | 9.53 |
Asian Paints Ltd. | 7.62 |
Maruti Suzuki India Ltd. | 6.59 |
Mahindra & Mahindra Ltd. | 6.25 |
Titan Company Ltd. | 6.24 |
Nestle India Ltd. | 4.09 |
Britannia Industries Ltd. | 2.91 |
Bajaj Auto Ltd. | 0.74 |
HDFC Non-Cyclical Consumer Fund NFO Fund Manager
1) Amit Sinha
Education: Mr. Sinha has done B.Tech (IIT Roorkee) and PGDBM (XLRI, Jamshedpur)
Experience: Prior to joining HDFC Mutual Fund, he has worked Macquarie Capital Securities (India) Pvt. Ltd.
Past Performance of his Schemes
AMC:
HDFC Asset Management Company Ltd
Address: Ground Floor, Mafatlal House, H.T Parekh Marg Backbay Reclamation Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
HDFC Asset Management Company Ltd
Address:“HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Guidance for HDFC Non-Cyclical Consumer Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
Apparently Novel theme!! The Scheme seeks to invest predominantly in equity and equity related securities of companies with a focus on non-cyclical consumer theme. However its benchmark index is NIFTY India Consumption TRI, which represents routine FMCG stocks. The benchmark index has provided return of 12.65% since inception. At present in India, most of the FMCG/consumption stocks are non-seasonal and yet except ITC, they are cyclical and are affected by slowdown of rural/urban economy and such other factors. So, We wonder, which Non-cyclical stocks will be selected for this Fund. It may be a marketing gimmick.
Fund Manager: Amit Sinha has done B.Tech (IIT Roorkee) and PGDBM (XLRI, Jamshedpur). We have yet to ascertain his experience in years and the performance of the schemes, if any managed by him.
>> Post your MF questions @ chanakyamfguidance.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> NFO Guidance:
https://chanakyamfguidance.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com