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HDFC Mutual Fund has launched a thematic fund HDFC Non-Cyclical Consumer focusing on non-cyclical businesses like consumer goods and services, healthcare, media, entertainment and publications.
The fund aims to invest across India’s consumption categories with a bottom-up stock selection approach for portfolio construction. The fund house claims that non-cyclical theme has a universe of over 300 stocks with market capitalization of at least Rs.500 crore.
In a press release, Navneet Munot, MD and CEO, HDFC MF 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 are expected to drive growth in this sector.”
