HDFC Mutual Fund has launched HDFC Multi Cap Fund.
The scheme will invest 25% of its total assets in large, mid, and small cap companies each.
In a press release, the fund house said, “Historically, different market cap segments have outperformed each other at different points in time. Out of the last 16 financial years (FY06 to FY21), large caps have been the top performing market cap segment in 6 years, mid caps in 3 years and small caps in 7 years. Consequently, this presents a strong case for diversification across market cap segments.”
Gopal Agrawal will manage the scheme. He said, “We believe that long-term fundamentals, effective diversification and stock selection are critical in a constantly changing environment. Going forward, the structural growth drivers and supportive external environment bode well for India's secular growth story. Further, robust earnings growth outlook and favourable macroeconomic environment bode well for equities over medium to long term.”
