HDFC Mutual Fund launches HDFC Non-Cyclical Consumer Fund

HDFC Mutual Fund has announced the launch of HDFC Non-Cyclical Consumer Fund that intends to invest across India’s consumption categories with a bottom-up stock selection approach for portfolio construction.

The fund will invest in a core of the portfolio (at least 80%) of stocks that represent the non-cyclical consumer theme within the basic industries like Consumer Goods, Consumer Services, Telecom, Healthcare, Media, Entertainment and Publication. The universe for this theme is diverse – with 300+ companies having market caps more than Rs 500 crores. The fund will invest across market cap segments (largecaps, midcaps and smallcaps), and diversify within consumer sectors and sub sectors.

Navneet Munot, Managing Director and Chief Executive Officer, HDFC Mutual Fund, said, “As India moves further into Amritkaal, the consumption sector finds itself at an inflection point. Aided by factors such as India’s GDP per capita surpassing US$2000, themes including Demographic Dividend, Premiumization, Formalization, and Digitization which are expected to drive growth in this sector.”