HDFC MNC Fund
Direct · GrowthAI Summary
HDFC MNC Fund has delivered a 1Y SIP XIRR of 6.72% and a 3Y SIP XIRR of 3.52%, both well below the category average SIP XIRR of 10.6% and 16.2% respectively. Against the NIFTY 50, the fund shows a positive 1Y alpha of 3.47% with the fund CAGR of -5.7% beating the benchmark's -12.37%, though 3Y alpha is negative at -0.62%. Over longer horizons (5Y to 15Y), the fund has modestly outperformed the NIFTY 50 on a lump-sum CAGR basis, with 5Y fund CAGR of 5.9% versus the benchmark's 5.5%.
The fund exhibits defensive characteristics with a beta of 0.75-0.83 across periods and downside capture consistently below upside capture (e.g., 5Y: 72.11% downside vs 75.74% upside), indicating better-than-market loss protection. The maximum drawdown of -0.245% with a 150-day duration and only one drawdown event above 10% suggests contained peak-to-trough losses. However, Calmar ratios of 0.35 (1Y) and 0.34 (3Y) indicate modest risk-adjusted returns relative to the drawdown experienced.
The portfolio holds 41 stocks with a diversified top-10 spread across consumer-facing and industrial names, led by Maruti Suzuki (8.14%), Britannia (5.81%), and Hindustan Unilever (5.53%). Sector concentration is moderate, with Pharmaceuticals & Biotechnology the largest exposure at 20.2%, followed by Automobiles (11.0%) and Food Products (10.2%). The multi-sector MNC theme provides natural diversification across FMCG, autos, pharma, and industrials rather than a single-sector bet.
The fund significantly lags its Sectoral/Thematic category on SIP XIRR, with a 3Y figure of 3.52% versus the category average of 16.2%, indicating weak recent SIP-based performance relative to peers. Calendar year returns show high variability, ranging from 26.68% in 2023 to -4.98% in 2026, with 2025 nearly flat at 0.21%. While long-term lump-sum returns have edged out the NIFTY 50, the fund's recent consistency versus category peers is a clear weak point.
This fund suits investors seeking defensive, lower-beta exposure to multinational companies with a preference for capital preservation over aggressive growth, given its downside capture of 72-79%. A long time horizon of at least 5-7 years is appropriate, as the fund's edge over the benchmark has emerged primarily over longer periods. Investors should have moderate risk tolerance and accept that recent SIP returns have materially trailed the category average.
- Consistently low downside capture (72-79%) versus upside capture across all periods, offering defensive protection in falling markets
- Well-diversified 41-stock portfolio spanning FMCG, autos, pharma, and industrials with no single stock above 8.14%
- Long-term lump-sum outperformance versus NIFTY 50, with 5Y fund CAGR of 5.9% versus the benchmark's 5.5%
- SIP XIRR of 3.52% (3Y) and 6.72% (1Y) trails the category averages of 16.2% and 10.6% by a wide margin
- Negative 3Y alpha of -0.62% versus NIFTY 50 and weak recent calendar-year returns, including -4.98% in 2026
Generated on 30-10-2026, 2:18 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.41 L | 8.8% | -30.0% | 48.3% |
| 3 Years | ₹36.00 L | ₹38.07 L | 3.5% | -3.6% | 7.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 8.8% | 14.3% | 10.6% | -5.5% |
| 3 Years | 3.5% | 11.0% | 16.2% | -7.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 8.6% | 4.0% | -11.5% | 35.9% | 0.15 | 0.29 | 66% | — | — |
| 3 Years | 8.3% | 8.2% | 5.1% | 11.3% | 1.40 | 7.45 | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.20 | 0.83 | 80.4% | 72.3% | -3.6% | -12.0% |
| 3 Years | -0.09 | 0.78 | 79.1% | 77.5% | 6.2% | 6.2% |
| 5 Years | +0.53 | 0.75 | 75.6% | 71.2% | 6.4% | 5.7% |
| 7 Years | -0.09 | 0.75 | 75.6% | 71.2% | 4.5% | 4.0% |
| 10 Years | -0.56 | 0.75 | 75.6% | 71.2% | 3.1% | 2.8% |
| 12 Years | -0.73 | 0.75 | 75.6% | 71.2% | 2.6% | 2.3% |
| 15 Years | -0.91 | 0.75 | 75.6% | 71.2% | 2.1% | 1.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Maruti Suzuki India Limited | 8.14% |
| 2 | Britannia Industries Ltd. | 5.81% |
| 3 | Hindustan Unilever Ltd. | 5.53% |
| 4 | Cummins India Ltd. | 4.58% |
| 5 | Nestle India Ltd. | 4.44% |
| 6 | United Spirits Limited | 4.39% |
| 7 | Bosch Limited | 3.93% |
| 8 | Torrent Pharmaceuticals Ltd. | 3.86% |
| 9 | Timken India Ltd. | 3.25% |
| 10 | LG Electronics India Limited | 3.23% |