Description

HDFC Non-Cyclical Consumer Fund is being renamed to HDFC Consumption Fund effective March 11, 2026, with corresponding changes to fundamental attributes including investment objective and asset allocation.

Summary

NSE has notified all members that HDFC Mutual Fund is changing the name and fundamental attributes of one of its schemes effective March 11, 2026. The scheme previously known as HDFC Non-Cyclical Consumer Fund will be renamed to HDFC Consumption Fund on the NSE MF Invest platform.

Key Points

  • Existing scheme name: HDFC Non-Cyclical Consumer Fund
  • Revised scheme name: HDFC Consumption Fund
  • Effective date: March 11, 2026
  • The change applies on the NSE MF Invest platform
  • The scheme type changes from “open ended equity scheme following non-cyclical consumer theme” to “open ended equity scheme following consumption theme”
  • Investment objective broadened from non-cyclical consumer companies to companies with a focus on consumption and consumption-related sectors or allied sectors

Regulatory Changes

The following fundamental attributes of the scheme are being revised per the addendum to the Scheme Information Document (SID) / Key Information Memorandum (KIM):

  • Scheme name: HDFC Non-Cyclical Consumer Fund → HDFC Consumption Fund
  • Product labelling: Focus shifted from non-cyclical consumer theme to broader consumption theme
  • Scheme type: Non-cyclical consumer theme → Consumption theme
  • Investment objective: Broadened to include equity/equity related securities of companies with a focus on consumption and consumption-related sector or allied sectors
  • Asset allocation: Updated to reflect the broader consumption theme mandate

Compliance Requirements

  • NSE members are informed of the change for operational awareness on the NSE MF Invest platform
  • No specific compliance action is required from members; the change is initiated by HDFC Trustee Company Limited
  • Members should update any internal references to the scheme name accordingly

Important Dates

  • March 10, 2026: Circular issued by NSE
  • March 11, 2026: Effective date of scheme name and fundamental attribute changes on NSE MF Invest platform

Impact Assessment

This is a low-impact administrative change. Existing investors in HDFC Non-Cyclical Consumer Fund will see their holdings reflected under the new name HDFC Consumption Fund. The broadening of the investment theme from non-cyclical consumer to general consumption may slightly expand the fund manager’s investable universe. No immediate trading or market disruption is expected. Members using the NSE MF Invest platform should ensure their systems and communications reflect the updated scheme name from March 11, 2026.

Impact Justification

Routine administrative change involving a mutual fund scheme name and objective rebranding; no trading halt, compliance mandate, or systemic market impact.