The HDFC Mid-Cap Opportunities Fund is an actively managed, open-ended equity mutual fund that invests predominantly in equity stocks of mid-cap companies across market sectors. According to SEBI, mid-cap companies are defined as the 101st to the 250th companies operating in India according to their market capitalization. The fund was launched in June 2007 by HDFC Mutual Fund. Mr. Chirag Setalvad is the Fund Manager for the HDFC Mid-Cap Opportunities Fund.
|Benchmark Type||Nifty Midcap 100 Index|
|Min subscription||₹ 5,000|
|Scheme AUM (in Crs.)||₹ 20,944|
|AMC AUM (in Crs.)||₹ 3,42,291|
|Min Addition Subscription||₹ 1,000|
The HDFC Mid-Cap Opportunities Fund is a highly-diversified equity mutual fund that predominantly invests in equity stocks of mid-cap companies. The fund spreads its equity investments across 68 stocks. A turnover of 28% shows the fund manager’s conservative investment strategy and their confidence in the stocks. Presently, the fund invests heavily in the Finance, Engineering, Chemicals, and Healthcare sectors of the Indian economy.
|Net Current Assets||Cash||7|
|Cholamandalam Investment and Finance Co Ltd||Equity||4|
|Aarti Industries Ltd||Equity||4|
|City Union Bank Ltd||Equity||3|
|Sundaram Fasteners Ltd||Equity||3|
|Balkrishna Industries Ltd||Equity||3|
|Torrent Pharmaceuticals Ltd||Equity||3|
|Indian Hotels Co Ltd||Equity||3|
|Alternatives - Private Equity||1|
|Bond - Corporate Bond||1|
|Cash - Commercial Paper||0|
|Banks - Regional - Asia||10|
|Rubber & Plastics||7|
To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment objective of the Scheme will be realized.
This product is suitable for investors who are seeking
• capital appreciation over long term.
• investment predominantly in equity and equity related instruments of Small and Mid Cap companies.
The fund asset has almost doubled in the last couple of years and is now the largest fund in the category. Yet this has not proven to lag its performance and has delivered better returns than its benchmark. The fund is underweight on small caps and has exposure to around 80% in midcap. A reputed AMC and a robust fund management has led to such above average returns in the recent times and the huge AUM concern might be tackled due to both of these qualities.
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