HDFC Mid-Cap Opportunities Fund(G)

Investment amount for HDFC Mid-Cap Opportunities Fund

Asset Allocation for HDFC Mid-Cap Opportunities Fund

Who can invest in HDFC Mid-Cap Opportunities Fund?

The following persons/entities are eligible to apply for subscription to the units of HDFC Mid-Cap Opportunities Fund:

1. Adult individuals residing in India
2. Hindu Undivided Families through Karta
3. Minors through a legal guardian or parent
4. Association of Persons or Body of Individuals
5. Persons of Indian Origin (PIO)/Non-Resident Indians (NRIs), on repatriation or non-repatriation basis
6. Religious and Charitable Trusts, Wakfs or endowments of private trusts
7. Corporate bodies and companies registered in India
8. SEBI registered Foreign Portfolio Investors
9. Limited Liability Partnerships and Partnership firms
10. Universities and educational institutions
11. Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
12. Scientific and Industrial Research Organisations
13. Army, Navy, Air Force, and other paramilitary funds
14. Proprietorship in the name of the sole proprietor
15. Pensions/Gratuity/Provident Fund to a permissible extent
16. AMC/Trustee or Sponsor or their associates
17. International Multilateral Agencies approved by the RBI and Government of India
18. Mutual fund schemes registered with SEBI (Securities and Exchange Board of India)

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.

Liquidity: Since the scheme is open-ended, investors can sell, buy, or switch units at NAV based prices on every business day.

Benchmark: Nifty Midcap 100

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 and has 11 years of experience in equity research.

Investment Restrictions on HDFC Mid-Cap Opportunities Fund

The Securities and Exchange Board of India (SEBI) has laid down the following investment restrictions for subscription to the units of the HDFC Mid-Cap Opportunities Fund:

1. The scheme is not permitted to invest above 10% of its NAV in debt securities issued by a single issuer and rated above the investment grade by a credit rating agency. This limit can be extended to 12% of the NAV provided that the Trust and Board of the AMC approve it.
2. The scheme shall not make any investments in any security issued through private placement, unlisted securities, and listed securities of group companies of the sponsors above 25% of the net assets.
3. The scheme is not allowed to invest above 10% of its NAV in debt instruments that are unrated and issued by a single issuer. The total investment in such securities also cannot be more than 25% of the scheme's NAV. Any such investments will need to be approved by the Board and Trustee of the AMC.
4. The mutual fund can enter into transactions dealing with government securities only in the dematerialised form.
5. The scheme is not permitted to invest in any Fund of Funds (FoF) schemes.
6. Debentures of any residual maturity period will attract the same restrictions as debt securities including the ones issued by public institutions/bodies such as municipal corporations, electricity boards, state transport corporations, etc. The restrictions however, will not apply to securities issued by central or state governments.
7. The scheme cannot advance loans for any purpose or borrow except to meet the scheme's temporary liquidity needs. The borrowing, however, cannot exceed 6 months and should not be above 20% of the scheme's net assets.
8. The scheme can invest the pending deployment of a scheme's funds in short-term deposits of scheduled commercial banks without being charged any advisory or investment management fees.

Dividend Policy of HDFC Mid-Cap Opportunities Fund

Investors will be eligible to receive dividends that will be distributed at the discretion of the Trustee and on the availability of surplus by way of realised profit. To receive dividends, the name of the investors should appear on the register of unitholders on the record date.

The dividend option will be available under 2 options - payout and reinvestment option. In the payout option, unitholders will receive payouts which they can encash through direct credit or any other means, into their bank account.

Investors opting for a dividend reinvestment will not receive payouts but the dividend will be invested back into the scheme allowing investors to buy additional units of the scheme. When the dividends are reinvested, the number of units to the credit of the unitholder will increase at the same extent as the dividend reinvested divided by the applicable NAV.

The Trustee will fix the record date and the quantum of dividend in their meeting. The dividend will be paid according to the availability of distributable surplus.

Other Facilities offered by the HDFC Mid-Cap Opportunities Fund

The HDFC Mid-Cap Opportunities Fund offers the below facilities for the benefit of investors:

1. Systematic Investment Plan (SIP)
2. FlexSIP, Group SIP
3. One Time Mandate (OTM) Facility
4. Systematic Transfer Plan (STP)
5. HDFC Swing Systematic Transfer Plan
6. Dividend Transfer Plan Facility
7. Systematic Withdrawal Advantage Plan (SWAP)
8. HDFC Flexindex Plan
9. Automatic Trigger Facility
10. Switching Option

Why you should invest in HDFC Mid-Cap Opportunities Fund

1. Low investment amount - For as low as 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 you to invest a lump-sum amount to grow your investments.
2. 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. The automatic trigger facility enables unitholders holding units in non-demat form to withdraw or switch units when it reaches a certain capital appreciation or period of time. Under the switching option, investors can switch a part or the entire unit holdings to another scheme of the same mutual fund.
3. 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 help you grow your wealth over a long-term.
4. 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 taken care of.

GST rate of 18% applicable for all financial services effective July 1, 2017.