HDFC Mutual Fund announces change in name of Top 100 fund

By

Surbhi Khanna

, ET OnlineLast Updated: Dec 25, 2024, 12:06:00 PM IST

Synopsis

HDFC Mutual Fund is renaming its HDFC Top 100 Fund to HDFC Large Cap Fund effective from January 1, 2025. This fund invests predominantly in large-cap companies aiming for long-term capital appreciation. The scheme will continue to be managed by Rahul Baijal and Dhruv Muchhal and benchmarked against the NIFTY 100 Total Returns Index.

HDFC Mutual Fund has announced the change in name of its large cap fund. The fund house announced that HDFC Top 100 Fund shall be renamed as HDFC Large Cap Fund.

The changes will be effective from January 1, 2025. The fund house informed about this to its unitholders through a notice - cum - addendum on December 24.

HDFC Top 100 Fund is an open ended equity scheme predominantly investing in large cap stocks.

The objective of the scheme is to provide long-term capital appreciation/income by investing predominantly in large-cap companies.

The scheme is benchmarked against NIFTY 100 Total Returns Index (TRI). The large cap scheme is managed by Rahul Baijal and Dhruv Muchhal.

The scheme is suitable for investors who are seeking to generate long-term capital appreciation / income and want investments predominantly in large-cap companies.

The scheme allocates 80-100% in equity and equity related instruments of large cap companies, 0-20% in equity and equity related instruments other than large cap companies, 0-20% in debt securities (including securitised debt) and money market instruments, 0-10% in units issued by REITs and InvITs, and 0-10% in non-convertible preference shares.

The minimum amount for investment in this large cap fund is Rs 100 and any amount thereafter.

In the last one year, the scheme has offered 13.90% return. In the current calendar year, the fund has offered 11.75% return.

The scheme had an AUM of Rs 36,587.24 crore as on November 30, 2024. A monthly SIP of Rs 10,000 made in the scheme at the time of inception would have been Rs 8.83 crore now with an XIRR of 18.75%.

All other terms and conditions of the aforesaid scheme shall remain unchanged.

This addendum shall form an integral part of the SID/KIM of the aforesaid scheme and SAI of the fund as amended from time to time.