HDFC Mutual Fund filed a draft scheme info doc with SEBI for a thematic fund – HDFC Non-Cyclical Shopper Fund. It will likely be an open-ended fairness scheme that follows a non-cyclical client theme.
The scheme can be benchmarked towards Nifty Non-Cyclical Shopper Index.
The scheme will make investments at the very least 80% of its web belongings in fairness and equity-related securities with a give attention to shares that characterize the non-cyclical client theme inside the primary industries like Shopper Items, Shopper know-how firms, Shopper Companies, Telecom, Companies, Media, Leisure, Publication, Textiles sectors and many others. The portfolio contains shares throughout market cap segments.
Additional, to attain diversification, the Scheme may additionally make investments as much as 20% of the belongings in firms aside from the non-cyclical client theme.
The Scheme could search to take a position upto 20% of its web belongings in international securities.
Observe that the thematic schemes will put money into fairness and equity-related securities of firms engaged within the theme and therefore focus threat is predicted to be excessive. Thus, solely a portion of the portfolio needs to be parked in thematic funds.
The minimal software quantity throughout the NFO interval is ₹5,000. For a further buy, the minimal software quantity can be ₹1,000.
The scheme can be managed by Amit Sinha.
Achieve/loss on sale of fairness mutual funds (funds which have at the very least 65% fairness allocation of their funding portfolios) is taken into account as capital achieve (loss) for the aim of taxation. The minimal holding interval for long run capital beneficial properties in fairness funds is one yr. Brief time period capital beneficial properties (if the models are bought earlier than one yr) in fairness funds are taxed on the fee of 15% plus 4% cess. Long run capital beneficial properties tax in fairness funds is 10% + 4% cess offered the achieve in a monetary yr is over ₹1 Lakh. Long run capital beneficial properties upto ₹1 lakh is completely tax-free.
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