HDFC MNC Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HDFC MNC Fund is a Thematic fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹534 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.2% a year and its Regular plan returned 5.0% a year. Its benchmark, Nifty MNC TRI, returned 10.8% a year over the same 3 years.

NAV (Direct plan): ₹13.66; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹13.09; ▲ 0.03%30-10-2026
Expense ratio: 1.86%Direct2.89%Regular; 1.86%; A year
Riskometer: Very High; Set by the fund house
3 year return: 6.2%Direct5.0%Regular; 6.2%; A year

HDFC MNC Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹13.66 (up 0.02% that day); Regular Plan Growth ₹13.09 (up 0.03% that day).

This fund (Direct plan)

₹13.661

HDFC MNC Fund Returns vs Nifty MNC TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−3.30%	−4.94%	−0.12%	−3.66%	+6.19%	--	--
This fund (Regular)	−3.37%	−5.18%	−0.63%	−4.72%	+4.97%	--	--
Nifty MNC TRI	−6.23%	−13.12%	−10.13%	−4.98%	+10.78%	+9.64%	+12.13%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	+13.76%	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	+54.78%	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	−4.46%	--	--
Rank in Thematic	158/235	102/232	115/232	109/215	123/133	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

HDFC MNC Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty MNC TRI
2026to date	−2.49%	−3.37%	−5.92%
2025	+0.58%	−0.60%	+10.75%
2024	+9.82%	+8.50%	+16.63%

HDFC MNC Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 159 periods, one for each trading day from 09-03-2026 to 30-10-2026.

0%5%10%15%20%

Mar 2023
to
Mar 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026

HDFC MNC Fund (Direct)Nifty MNC TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	650	4.0%	−11.5%	35.9%	34%	13.9%	1%
2 years	404	5.7%	−5.5%	13.4%	27%	14.3%	0%
3 years	159	8.2%	5.1%	11.3%	0%	15.9%	0%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	32	7.6%	−26.6%	43.3%	28%	15.2%	3%
2 years	20	3.1%	−9.0%	6.8%	25%	10.3%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty MNC TRI over the same days. Past returns do not promise future returns.

HDFC MNC Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HDFC MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	−3.66%	−4.98%
Standard deviation	14.18%	15.40%
Sharpe ratio	-0.63	-0.66
Sortino ratio	-0.82	-0.87
Maximum drawdown	−14.2% (30-03-2026)	−17.9% (23-10-2026)
Beta	0.87	1.00
Alpha	+0.04%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	HDFC MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	+6.19%	+10.78%
Standard deviation	13.13%	14.02%
Sharpe ratio	0.01	0.34
Sortino ratio	0.02	0.46
Maximum drawdown	−24.5% (28-02-2025)	−23.5% (28-02-2025)
Beta	0.88	1.00
Alpha	−4.01%	0.00%

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	HDFC MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	+8.90%	+12.67%
Standard deviation	12.28%	13.24%
Sharpe ratio	0.22	0.49
Sortino ratio	0.30	0.67
Maximum drawdown	−24.5% (28-02-2025)	−23.5% (28-02-2025)
Beta	0.87	1.00
Alpha	−2.91%	0.00%

From daily NAVs, 09-03-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−25%−20%−15%−10%−5%0%

202420252026

HDFC MNC Fund (Direct)Nifty MNC TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HDFC MNC Fund (Direct)	−24.5%	01-10-2024	28-02-2025	Not yet	--	−13.0%
Nifty MNC TRI	−23.5%	01-10-2024	28-02-2025	29-04-2026	14 months	−16.0%

From the Direct plan's daily NAV since 09-03-2023, adjusted for unit splits, and Nifty MNC TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

HDFC MNC Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
HDFC MNC Fund	123/133	534	1.86%	−3.66%	+6.19%	−4.01%	0.88	0.01	0.02

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

HDFC MNC Fund Expense Ratio and Costs

What each plan charges a year, in force from 21-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	1.20%	0.10%	0.03%	0.53%	1.86%	1.18%	215/235
Regular	2.10%	0.10%	0.03%	0.66%	2.89%	2.41%	205/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−4.72%	−3.66%	1.06%	₹95,280	₹96,340
3 years	4.97%	6.19%	1.22% a year	₹1,15,663	₹1,19,743

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

HDFC MNC Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 09-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHDFC MNC Fund (Direct)	₹4,40,000	₹4,64,076	₹24,076	2.9%
Regular planHDFC MNC Fund (Regular)	₹4,40,000	₹4,53,810	₹13,810	1.7%
Nifty MNC TRI	₹4,40,000	₹4,80,335	₹40,335	4.7%
Category averageCategory average, 235 Thematic funds	₹4,40,000	₹5,17,329	₹77,329	8.8%

₹0₹2.0 L₹4.0 L₹6.0 L

202420252026

Direct planHDFC MNC Fund (Direct)Regular planHDFC MNC Fund (Regular)Nifty MNC TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

HDFC MNC Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.2%Equity

Asset	Fund	Category
Equity	96.2%	94.5%
Cash and others	3.8%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	51.4%	45.7%
Mid Cap	24.0%	19.6%
Small Cap	17.4%	24.1%
Not on AMFI's list	3.3%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

HDFC MNC Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Pharmaceuticals & Biotechnology20.2%
Automobiles11.0%
Food Products10.3%
Industrial Products9.0%
Auto Components8.1%
Electrical Equipment7.5%
Diversified FMCG5.5%
Beverages4.4%
Agricultural, Commercial & Construction Vehicles3.3%
IT - Software3.3%

The ten largest of 17 sectors. The other 7 add up to 13.5%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals & Biotechnology	19.2%	23.5%	20.2%	+1.0%
Automobiles	13.1%	12.0%	11.0%	−2.1%
Food Products	12.1%	11.6%	10.3%	−1.8%
Industrial Products	8.3%	8.2%	9.0%	+0.7%
Auto Components	7.7%	8.0%	8.1%	+0.4%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

HDFC MNC Fund Portfolio Holdings

As on 30-09-2026 · 43 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Maruti Suzuki India Limited	Automobiles	8.14%	−3.7%
Britannia Industries Ltd.	Food Products	5.81%	−8.1%
Hindustan Unilever Ltd.	Diversified FMCG	5.53%	−9.8%
Cummins India Ltd.	Industrial Products	4.58%	0.0%
Nestle India Ltd.	Food Products	4.44%	−6.2%
United Spirits Limited	Beverages	4.39%	0.0%
Bosch Limited	Auto Components	3.93%	0.0%
Torrent Pharmaceuticals Ltd.	Pharmaceuticals & Biotechnology	3.86%	0.0%
Timken India Ltd.	Industrial Products	3.25%	0.0%
LG Electronics India Limited	Consumer Durables	3.23%	+3.6%
Gland Pharma Ltd.	Pharmaceuticals & Biotechnology	3.03%	+28.2%
Neuland Laboratories Limited	Pharmaceuticals & Biotechnology	3.02%	0.0%
Hyundai Motor India Limited	Automobiles	2.88%	0.0%
PEARL GLOBAL INDUSTRIES LIMITED	Textiles & Apparels	2.70%	+95.7%
Divis Laboratories Ltd.	Pharmaceuticals & Biotechnology	2.58%	+13.8%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	2.47%	0.0%
Ashok Leyland Ltd	Agricultural, Commercial & Construction Vehicles	2.40%	0.0%
Vedanta Aluminium Metal Limited	Non - Ferrous Metals	2.32%	+33.3%
ABB India Ltd.	Electrical Equipment	2.30%	+19.8%
Vedanta Ltd.	Diversified Metals	1.82%	0.0%
TENNECO CLEAN AIR INDIA LIMITED	Auto Components	1.62%	0.0%
Sona Blw Precision Forgings	Auto Components	1.55%	0.0%
GE Vernova T&D India Limited	Electrical Equipment	1.49%	−28.4%
Hitachi Energy India Ltd.	Electrical Equipment	1.36%	0.0%
Ipca Laboratories Ltd.	Pharmaceuticals & Biotechnology	1.33%	0.0%
Oracle Financial Ser Software Ltd.	IT - Software	1.31%	0.0%
Ambuja Cements Ltd.	Cement & Cement Products	1.21%	0.0%
INDO-MIM Limited	Industrial Manufacturing	1.20%	0.0%
Rubicon Research Limited	Pharmaceuticals & Biotechnology	1.18%	+30.1%
SYMBIOTEC PHARMALAB LIMITED	Pharmaceuticals & Biotechnology	1.11%	0.0%
Tech Mahindra Ltd.	IT - Software	1.06%	+324.0%
Siemens Ltd.	Electrical Equipment	1.05%	0.0%
Schaeffler India Ltd.	Auto Components	1.04%	0.0%
Graphite India Ltd.	Industrial Products	1.00%	New
Molbio Diagnostics Limited	Healthcare Equipment & Supplies	0.97%	−50.0%
MphasiS Limited.	IT - Software	0.93%	New
ESCORTS KUBOTA LIMITED	Agricultural, Commercial & Construction Vehicles	0.92%	0.0%
Siemens Energy India Limited	Electrical Equipment	0.87%	0.0%
Lupin Ltd.	Pharmaceuticals & Biotechnology	0.64%	0.0%
Wockhardt Ltd.	Pharmaceuticals & Biotechnology	0.56%	0.0%
Novartis India Ltd.	Pharmaceuticals & Biotechnology	0.44%	−40.4%
Schneider Electric Infrastructure Limited	Electrical Equipment	0.43%	New
HEG Advanced Materials Limited	Industrial Products	0.21%	+19.9%

HDFC MNC Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Maruti Suzuki India Limited	Reduced	−3.7%	8.14%
Britannia Industries Ltd.	Reduced	−8.1%	5.81%
Hindustan Unilever Ltd.	Reduced	−9.8%	5.53%
Nestle India Ltd.	Reduced	−6.2%	4.44%
LG Electronics India Limited	Added	+3.6%	3.23%
Gland Pharma Ltd.	Added	+28.2%	3.03%
Ajanta Pharma Limited	Sold out	−100%	was 2.77%
PEARL GLOBAL INDUSTRIES LIMITED	Added	+95.7%	2.70%
Divis Laboratories Ltd.	Added	+13.8%	2.58%
Vedanta Aluminium Metal Limited	Added	+33.3%	2.32%
ABB India Ltd.	Added	+19.8%	2.30%
GE Vernova T&D India Limited	Reduced	−28.4%	1.49%
Anthem Biosciences Limited	Sold out	−100%	was 2.08%
Molbio Diagnostics Limited	Reduced	−50.0%	0.97%
Rubicon Research Limited	Added	+30.1%	1.18%
Tech Mahindra Ltd.	Added	+324.0%	1.06%
Graphite India Ltd.	New	New	1.00%
MphasiS Limited.	New	New	0.93%
Novartis India Ltd.	Reduced	−40.4%	0.44%
HEG Advanced Materials Limited	Added	+19.9%	0.21%
Schneider Electric Infrastructure Limited	New	New	0.43%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What HDFC MNC Fund bought and sold

HDFC MNC Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Kotak Nifty MNC ETFETF · Kotak Mahindra	59.6%	22	Compare
Motilal Oswal Nifty MNC ETFETF · Motilal Oswal	59.5%	22	Compare
Aditya Birla Sun Life MNC FundThematic · Aditya Birla Sun Life	48.1%	22	Compare
ICICI Prudential MNC FundThematic · ICICI Prudential	41.4%	14	Compare
UTI - MNC FundThematic · UTI	41.3%	20	Compare
Nippon India MNC FundThematic · Nippon India	40.2%	15	Compare
Kotak MNC FundThematic · Kotak Mahindra	38.7%	18	Compare
SBI MNC FundThematic · SBI	34.9%	17	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

HDFC MNC Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.86%
Expense ratio (Regular): 2.89%
Category: Thematic
Risk: Very High
Benchmark: Nifty MNC TRI
Launch date: 09-03-2023
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹534.17 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 151458
ISIN (Direct): INF179KC1FC0
Scheme code (Regular): 151457
ISIN (Regular): INF179KC1FF3
NAV history: From 09-03-2023, 3.6 years

Exit load: - In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 year from the date of allotment. - No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.

Tax on HDFC MNC Fund returns

HDFC MNC Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹13.661	30-10-2026
direct	IDCW	₹13.661	30-10-2026
regular	Growth	₹13.092	30-10-2026
regular	IDCW	₹13.092	30-10-2026

About HDFC MNC Fund

HDFC MNC Fund is a mutual fund from HDFC Mutual Fund. Its category is Thematic. It was launched on 09-03-2023. Its benchmark is Nifty MNC TRI. At the end of September 2026 it held 43 securities.

Fund Manager

Amar Kalkundrikar
Fund manager of HDFC MNC Fund, since 30-11-2022
Gopal Agrawal
Fund manager of HDFC MNC Fund, since 01-09-2026
Bhagyesh Kagalkar
Fund manager of HDFC MNC Fund, since 26-08-2026

See all funds of HDFC Mutual Fund

AUM change

September 2026: ₹534.17 Cr; −5.68% from August 2026
August 2026: ₹566.32 Cr; +2.46% from July 2026
July 2026: ₹552.72 Cr; +2.32% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare HDFC MNC Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

HDFC MNC vs Nippon India Taiwan EquityThematic
HDFC MNC vs HDFC DefenceThematic
HDFC MNC vs HDFC Pharma and HealthcareThematic
HDFC MNC vs SBI Healthcare OpportunitiesThematic
HDFC MNC vs Aditya Birla Sun Life International EquityThematic
HDFC MNC vs Kotak Nifty MNC ETF59.6% overlap
HDFC MNC vs Motilal Oswal Nifty MNC ETF59.5% overlap
HDFC MNC vs Aditya Birla Sun Life MNC48.1% overlap

Compare with any other fund

Frequently Asked Questions for HDFC MNC Fund

What is the current NAV of HDFC MNC Fund?

The Direct plan NAV is ₹13.661. The Regular plan NAV is ₹13.092, as on 30-10-2026.

What are the returns of HDFC MNC Fund?

The Direct plan returned −3.66% in 1 year, +6.19% a year over 3 years. The Regular plan returned −4.72% in 1 year, +4.97% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of HDFC MNC Fund?

The Direct plan charges 1.86% a year. The Regular plan charges 2.89% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of HDFC MNC Fund?

HDFC MNC Fund managed ₹534.17 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HDFC MNC Fund?

At the end of September 2026 the largest holdings were MARUTI (8.14%), BRITANNIA (5.81%), HINDUNILVR (5.53%), CUMMINSIND (4.58%), NESTLEIND (4.44%). The fund held 43 securities in all.

What did HDFC MNC Fund buy and sell in September 2026?

It bought 3 new stocks: MphasiS Limited, Graphite India Ltd, Schneider Electric Infrastructure Limited. It sold out of 2: Ajanta Pharma Limited, Anthem Biosciences Limited. It added shares in 9. It reduced 7.

How do I invest in HDFC MNC Fund?

Through HDFC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of HDFC MNC Fund?

Amar Kalkundrikar (since 30-11-2022), Gopal Agrawal (since 01-09-2026), Bhagyesh Kagalkar (since 26-08-2026).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.