HDFC Mutual Fund filed a draft scheme info doc with SEBI for a thematic fund – HDFC Non-Cyclical Consumer Fund. It might be an open-ended fairness scheme that follows a non-cyclical client theme.
The scheme might be benchmarked towards Nifty Non-Cyclical Consumer Index.
The scheme will make investments no less than 80% of its web property in fairness and equity-related securities with a give attention to shares that symbolize the non-cyclical client theme throughout the primary industries like Consumer Goods, Consumer know-how corporations, Consumer Services, Telecom, Services, Media, Entertainment, Publication, Textiles sectors and so forth. The portfolio includes shares throughout market cap segments.
Further, to attain diversification, the Scheme may additionally make investments as much as 20% of the property in corporations aside from the non-cyclical client theme.
The Scheme might search to speculate upto 20% of its web property in overseas securities.
Note that the thematic schemes will put money into fairness and equity-related securities of corporations engaged within the theme and therefore focus threat is predicted to be excessive. Thus, solely a portion of the portfolio must be parked in thematic funds.
The minimal software quantity through the NFO interval is ₹5,000. For an extra buy, the minimal software quantity might be ₹1,000.
The scheme might be managed by Amit Sinha.
Gain/loss on sale of fairness mutual funds (funds which have no less than 65% fairness allocation of their funding portfolios) is taken into account as capital acquire (loss) for the aim of taxation. The minimal holding interval for long run capital features in fairness funds is one 12 months. Short time period capital features (if the items are offered earlier than one 12 months) in fairness funds are taxed on the charge of 15% plus 4% cess. Long time period capital features tax in fairness funds is 10% + 4% cess supplied the acquire in a monetary 12 months is over ₹1 Lakh. Long time period capital features upto ₹1 lakh is completely tax-free.
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