HDFC Mutual Fund has announced a name change for its large-cap equity scheme, HDFC Top 100 Fund. Effective January 1, 2025, the scheme will be renamed as HDFC Large Cap Fund, as per a notice-cum-addendum issued on December 24, 2024.
HDFC Large Cap Fund is an open-ended equity scheme that focuses on investing in large-cap stocks. The scheme is to provide long-term capital appreciation and income by allocating 80-100% of its portfolio to equity and equity-related instruments of large-cap companies.
Additionally, it allows up to 20% allocation to other equity instruments, debt securities, and money market instruments. The scheme also permits up to 10% investment in units of REITs, InvITs, and non-convertible preference shares.
As of November 30, 2024, the scheme had an Assets Under Management (AUM) of ₹36,587.24 crore. In the past year, the fund delivered a return of 13.90%, while its calendar-year return for 2024 stood at 11.75%.
For investors opting for systematic investment plans (SIPs), a monthly SIP of ₹10,000 made since the fund’s inception has grown to ₹8.83 crore, showcasing an XIRR of 18.75%.
The fund is benchmarked against the NIFTY 100 Total Returns Index (TRI) and is managed by Rahul Baijal and Dhruv Muchhal. The scheme is targeted at investors seeking long-term capital appreciation through investments in predominantly large-cap companies.
The minimum investment required for the scheme is ₹100, with additional investments permissible in any amount. While the name change comes into effect in January 2025, all other terms and conditions of the scheme, as outlined in the Scheme Information Document (SID) and Key Information Memorandum (KIM), remain unchanged. This development forms part of HDFC Mutual Fund’s ongoing communication with its unitholders.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
