A model driven

approach to
asset allocation
Presenting HDFC Multi-Asset Fund

Each asset class behaves differently across different economic cycles. As Asset class winners
keep changing, asset allocation is critical for wealth creation. HDFC Multi-Asset Fund (“the
Scheme”), which invests in 3 asset classes viz. Equity, Debt and Gold, aims to meet asset allocation
needs of investors in a dynamic way.

HDFC Multi-Asset Fund:

A one stop solution for diversification across asset classes viz. Equity, Debt,
Gold where -
Equity aims to provide capital appreciation, Debt aims to provide stability to the portfolio
and Gold is a potential safe haven asset class, which could provide hedge against inflation
and currency depreciation.

The Scheme adopts a model driven approach to equity allocation considering multiple
valuation parameters, with the portfolio being re-balanced on a monthly basis.

Fund Manager will increase exposure to equity when market valuations are attractive and
will prune down the equity exposure when equity markets are expensive or volatile.

1/2
 Unhedged equity exposure as of May 2024 is 48% vs ~55% in May 2021.

HDFC Multi-Asset Fund - Unhedged Equity %

80000
Unhedged Equity (Net Equity) % (LHS) in the scheme SENSEX (RHS)
59
75000
57
Unhedged Equity (Net Equity) %

56
5555 5555 55
55 54 54 70000
54 54
53 53 53545454 5454
535353
53

SENSEX
53 52 5252
52 65000
51 50
50 60000
4949 49
49 484848
4848
55000
47 46

45 50000

Nov-22

Nov-23
May-22

Aug-22

May-23
Oct-22

May-24
Aug-23

Oct-23
Jun-22

Dec-22
Mar-22

Jun-23

Dec-23
Mar-23

Mar-24
Apr-22
Jan-22

Sep-22
Feb-22

Apr-23
Jan-23

Sep-23
Feb-23

Apr-24
Jan-24
Feb-24
Jul-22

Jul-23
Nov-21
May-21

Aug-21

Oct-21
Jun-21

Dec-21
Sep-21
Jul-21

The total equity exposure (hedged + unhedged) is maintained above 65% so as to retain the
equity taxation benefit at all points in time.

Portfolio Positioning as on May 31, 2024.

Asset Allocation (% of Total Assets)

REITs/InvITs&
2%
Debt $
21%

Equity
(Unhedged)
48%
Gold related
instruments
11%

Equity (Hedged)
18%

HDFC Multi-Asset Fund aims to generate superior risk-adjusted returns by reducing portfolio
volatility and is a suitable investment avenue for investors who are looking for a single product to
provide exposure to 3 asset classes – Equity, Debt and Gold with a medium to long term
investment horizon.
$ Includes Cash, cash equivalents and Net Current Assets. & Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvIT). The current
investment strategy is subject to change depending on the market conditions. For complete portfolio, please refer our website www.hdfcfund.com

To start an SIP in HDFC Multi-Asset Fund, please contact your Mutual Fund Distributor / Registered Investment Advisor or give a missed call on 7397412345.

This product is suitable for investors who are seeking *: Riskometer #

Modera
oderate High tely
• To generate long-term capital appreciation/income to te M Hi
w era
Mo Lo

• Investments in a diversified portfolio of equity and equity related

gh
d

instruments, debt & money market instruments and Gold related instruments
Very
High
Low

*Investors should consult their financial advisers, if in doubt about whether

the product is suitable for them. RISKOMETER
#For latest Riskometer, investors may refer to the Monthly Portfolios disclosed Investors understand that their principal will be at
high risk
on the website of the Fund viz. www.hdfcfund.com

Date of Release: June 18, 2024

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. 2/2