NFO Alert: HDFC Mutual Fund launches HDFC MNC Fund; all you need to know
Live MintHDFC Mutual Fund announced the launch of the HDFC MNC Fund, an open-ended scheme, on February 17, 2023. Since it is an open-ended scheme, interested investors can put their money into them once the mutual fund house starts allotting units under this scheme. Under normal circumstances, the asset allocation of the scheme's portfolio will be as follows: Types of instruments Minimum Allocation Maximum Allocation Risk Profile Equity and Equity related instruments of MNCs 80 100 Very High Equity and Equity related instruments of companies other than above 0 20 Very High Units of REITs and INVITs 0 10 Medium to High Debt securities, money market instruments and Fixed Income Derivatives 0 20 Low to Medium Units of Mutual Fund 0 20 Low to High Q. Some of them include: Name of the fund Five-year returns Returns since inception SBI Magnum Global Fund 14.61 15.91 UTI MNC Fund 10.02 14.57 Aditya Birla Sun Life MNC Fund 5.02 13.84 ICICI Prudential MNC Fund - 20.81 Source: ET Money Q.