The fund will invest in a core of the portfolio (at least 80%) of stocks that represent the non-cyclical consumer theme within the basic industries like Consumer Goods, Consumer Services, Telecom, Healthcare, Media, Entertainment and Publication. The universe for this theme is diverse – with 300+ companies having market caps more than Rs 500 crores. The fund will invest across market cap segments (largecaps, midcaps and smallcaps), and diversify within consumer sectors and sub sectors.
Navneet Munot, Managing Director and Chief Executive Officer, HDFC Mutual Fund, said, “As India moves further into Amritkaal, the consumption sector finds itself at an inflection point. Aided by factors such as India’s GDP per capita surpassing US$2000, themes including Demographic Dividend, Premiumization, Formalization, and Digitization which are expected to drive growth in this sector.”
The scheme will be managed by Amit Sinha, Fund Manager, Equity and Senior Equity Analyst, Dealing & Investments, HDFC Mutual Fund. He has over 18 years of experience, of which 15 years is in equity research and three years in other corporate roles.
Amit Sinha said, “Through diligent research and analysis, we will aim to focus on companies that have high market share or are gaining share on account of superior execution, scale, technology, etc. We aim to be equally focussed on companies which are likely to witness steady and secular growth, along with companies likely to see a turnaround in profitability and have potential of being re-rated.”
