HDFC MNC Fund
The HDFC MNC Fund remains heavily concentrated in defensive consumer and industrial quality names, with food majors and diversified FMCG stocks forming nearly a quarter of the portfolio. The manager's conviction in this defensive posture has strengthened—evidenced by a 3.1% jump in cash-equivalent TREPS holdings and the exit of cyclical pharma exposure—suggesting caution about near-term volatility despite India's long-term growth narrative. However, the addition of commodity-linked plays like Vedanta Aluminium signals the manager isn't entirely risk-averse, hinting at selective exposure to inflation hedges within a quality-biased framework.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹13.2160 | +2.19% | +2.19% | +7.88% | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Limited** | 2.42% |
| Nippon Life India Asset Management Limited | 1.44% |
| 3M India Ltd. | 1.26% |
| Talwandi Sabo Power Limited** | 0.47% |
| Malco Energy Limited** | 0.29% |
| Oracle Financial Ser Software Ltd. | 0.29% |
| Vedanta Iron And Steel Limited** | 0.25% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Nestle India Ltd. INE239A01024 | 8.84% |
| 2 | TREPS - Tri-party Repo | 8.02% |
| 3 | Britannia Industries Ltd. INE216A01030 | 7.58% |
| 4 | Hindustan Unilever Ltd. INE030A01027 | 7.21% |
| 5 | Fortis Healthcare Limited INE061F01013 | 6.40% |
| 6 | Maruti Suzuki India Limited INE585B01010 | 6.07% |
| 7 | United Spirits Limited INE854D01024 | 4.90% |
| 8 | Bosch Limited INE323A01026 | 4.53% |
| 9 | Anthem Biosciences Limited INE0CZ201020 | 4.36% |
| 10 | Timken India Ltd. INE325A01013 | 4.07% |
| 11 | Cummins India Ltd. INE298A01020 | 2.73% |
| 12 | Vedanta Aluminium Metal Limited** DU1205A01025 | 2.42% |
| 13 | Pfizer Ltd. INE182A01018 | 2.33% |
| 14 | Aadhar Housing Finance Limited INE883F01010 | 2.22% |
| 15 | Vedanta Ltd. INE205A01025 | 1.93% |
| 16 | Hyundai Motor India Limited INE0V6F01027 | 1.79% |
| 17 | Grindwell Norton Ltd. INE536A01023 | 1.73% |
| 18 | Ambuja Cements Ltd. INE079A01024 | 1.64% |
| 19 | ESCORTS KUBOTA LIMITED INE042A01014 | 1.61% |
| 20 | Nippon Life India Asset Management Limited INE298J01013 | 1.44% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC MNC Fund hold?
HDFC MNC Fund holds 39 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 36.10% of NAV.
What is the largest holding in HDFC MNC Fund?
The largest position in HDFC MNC Fund is Nestle India Ltd., accounting for 8.84% of NAV in the Food Products sector.
Is HDFC MNC Fund a concentrated or diversified fund?
With a Gini coefficient of 0.479, HDFC MNC Fund is moderately concentrated. The HHI concentration index is 40,524 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 36.10% of the portfolio.
What is the market cap allocation of HDFC MNC Fund?
Based on SEBI's AMFI classification, HDFC MNC Fund's equity portfolio is split as: Large Cap: 43.74%, Mid Cap: 25.65%, Small Cap: 18.19%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC MNC Fund invest in most?
HDFC MNC Fund has the highest allocation to Food Products (16.47%), Industrial Products (11.15%), Pharmaceuticals & Biotechnology (8.69%). The fund is invested across 23 sectors in total.
How actively managed is HDFC MNC Fund compared to other Sectoral / Thematic funds?
HDFC MNC Fund has an Active Share of 85.71%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in HDFC MNC Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC MNC Fund added 7 new stocks (including Vedanta Aluminium Metal Limited**) and exited 2 stocks (including Balkrishna Industries Ltd.). Total holding count increased from 36 to 41 stocks.