Kakashi might be initially surprised. But then, he would probably use it as a teaching moment for Naruto. He could say something like 'Naruto, stealing is not the way of a ninja.' And then give him a punishment like extra training.
A villain like Shigaraki would likely be interested in the power levels in the MCU fanfiction. He's always looking for ways to increase his own power, and seeing the various powerful artifacts and abilities in the MCU might give him some ideas. He could think about how he could use similar things in his own plans to take over the MHA world.
Kakashi's reaction would be complex. He is a man who has lost many people in his life. But Naruto was special. He would hold Naruto tightly, his hands trembling slightly. He might try to use some of his own chakra to keep Naruto alive a little longer, but deep down he knows it's futile. His face would show a mixture of pain, regret, and love. He would remember all the times he trained Naruto, all the lessons he taught him, and how Naruto had surpassed all expectations.
Kakashi would likely be very concerned. He would immediately assess Naruto's injuries. If they were serious, he would use his medical skills to start treating him right away. His first reaction would be to make sure Naruto was stable and out of immediate danger.
Kakashi might immediately offer a comforting presence. He could put his hand on Naruto's shoulder and just be there silently, letting Naruto know he's not alone.
Kakashi may also get angry. Angry at the people or things that caused Naruto to get those scars. This anger could fuel his determination to make Naruto stronger, so that he can better defend himself in the future. He might then intensify Naruto's training, all while having a new - found sense of protectiveness towards Naruto.
Some MHA characters might be flattered. For example, Midoriya would probably be really excited and take it as a sign of how much he's inspired people. He might even look for positive lessons in the fanfiction to improve himself.
If the MHA characters were to react to a Mastermind fanfiction, some would be more accepting than others. Characters like Ochaco might find it really exciting. She's a fan of the heroes herself, so seeing different takes in fanfiction would be like getting a new perspective on the MHA world. However, characters like Shoto, who are more reserved, might be a bit hesitant. He might need some time to process what he's reading. But overall, it would be a very interesting scenario as it would show how the characters view different interpretations of their world.
Some characters would be shocked. For example, if the fanfiction had a really dark and unexpected Mastermind plot, like a hero turning out to be the mastermind of all the villains' plans, characters like Tsuyu would be very taken aback. She'd probably question the motives behind such a plot. Then there are characters like Denki. He might be more into it if it had some cool action scenes in the fanfiction, regardless of how out - of - the - blue the Mastermind storyline was. And Nejire would probably be super curious about the emotional depth of the characters in the fanfiction.