The HDFC Mid-Cap Opportunities Fund - Direct Plan - Growth option is an open-ended equity scheme offered by HDFC Mutual Fund which is managed by HDFC Asset Management Company. The scheme mainly invests in stocks of midcap firms. The direct plan of the scheme involves no commissions and hence, has a lower expense ratio when compared to the regular plan. The dividend option of the plan entitles investors to receive a regular source of income, along with capital appreciation.
Investment Objective
To offer capital gains to the investor over a long term through investment in stocks of midcap firms.
Key Features of the Scheme
The HDFC Mid-Cap Opportunities Fund is ideal for investors who wish to invest in mid cap stocks and has the below features:
| Type of Fund | An open-ended equity scheme |
| Plans Available | Regular and Direct |
| Options Under Each Plan |
|
| Risk | Moderately High |
| Systematic Investment Plan | Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Advantage Plan | Available |
Investment Amount for HDFC Mid-Cap Opportunities Fund
| Minimum Application Amount | Rs.5,000 and any amount thereafter |
| Minimum Additional Investment | Rs.1,000 and any amount thereafter |
| Minimum installment for Systematic Investment Plan (SIP) | Daily SIP - Rs.300 and in multiples of Rs.100 thereafter Monthly SIP - Rs.500 and in multiples of Rs.100 thereafter Quarterly SIP - Rs.1,500 and in multiples of Rs.100 thereafter |
| Entry Load | Not Applicable |
| Exit Load | 1% exit load will be applicable if investors exit before 12 months from unit allotment date. No exit load will apply thereafter. |
Asset Allocation for HDFC Mid-Cap Opportunities Fund
| Instruments | Percentage of total assets | Risk Profile | |
| Minimum | Maximum | ||
| Equity and its related securities of midcap companies | 65% | 100% | High |
| Other equity-related securities | 0% | 35% | High |
| Debt securities including securitised debt and money market securities | 0% | 35% | Low to Medium |
| Units issued by REITs and InvITs | 0% | 10% | Medium to High |
| Non-convertible preference shares | 0% | 10% | Low to Medium |
NAV Disclosure and Benchmark for HDFC Mid-Cap Opportunities Fund
The scheme’s Net Asset Value (NAV) per unit is calculated by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV is computed and disclosed at the end of each business day. The NAV is calculated up to 3 decimals.
The Asset Management Company (AMC) will compute and disclose the NAVs, Repurchase, and Sale price of the HDFC Mid-Cap Opportunities Fund at the close of every business day. The NAV will also be published in at least 2 newspapers with nationwide circulation. The website of the Association of Mutual Funds in India (AMFI) and HDFC Mutual Fund will also display the scheme’s NAV on www.amfiindia.com and www.hdfcfund.com, respectively. The disclosure of NAV on the mentioned websites will be made by 9:00 p.m. on each business day.
Benchmark: Nifty Midcap 100 Index
Fund Manager
Mr. Chirag Setalvad and Mr. Rakesh Vyas
The HDFC Mid-Cap Opportunities Fund is managed by Mr. Chirag Setalvad who has an overall experience of 21 years out of which 18 years was in equity research and fund management. He also has 3 years of experience in investment banking. Mr. Setalvad has been managing the fund since 10 years and 10 months. Besides this, he also manages other funds - HDFC Children’s Gift Fund, HDFC Long Term Advantage Fund, HDFC Small Cap Fund, etc. Mr. Rakesh Vyas manages the overseas investments of the scheme.
Why you should invest in the HDFC Mid-Cap Opportunities Fund
- Offers optimal returns - Being an equity scheme that invests in stocks of midcap firms, the HDFC Mid-Cap Opportunities Fund has the ability to fetch the most favourable returns and will aid you in growing your wealth over a long-term.
- Additional benefits - The HDFC Mid-Cap Opportunities Fund comes with many additional benefits such as SIP, STP, SWAP, OTM, Automatic Trigger Facility, switching option, etc. These added features make the fund a rewarding investment option.
- Low investment - For just Rs.500 a month, you can subscribe to the units of HDFC Mid-Cap Opportunities Fund through an SIP. Therefore, there is no need for investors to invest a lump-sum amount to grow their investments.
- Professionally managed - The fund managers of the HDFC Mid-Cap Opportunities fund have many years of experience in equity research and hence you can be sure that your investments are well managed to fetch optimal returns.
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