HDFC Mutual Fund launches HDFC Defence Fund

by News Team | Mutual Fund

NFO period: 19th May – 02nd June, 2023

Highlights of the NFO:

  • Scheme type – An open-ended equity scheme investing in Defence & allied sector companies

  • Investment objective – To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies. There is no assurance that the investment objective of the scheme will be realized.

  • Product suitability – The product is suitable for investors who are seeking to generate long-term capital appreciation/income by investing predominantly in equity & equity related instruments of defence and allied sector companies.

  • Minimum Application Amount – First investment is Rs. 100/- and any amount thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (Reinvestment of Income Distribution cum capital withdrawal option and Pay-out of Income Distribution cum capital withdrawal option).

  • Fund Managers – Mr. Abhishek Poddar and Mr. Priya Ranjan

  • Benchmark – Nifty India Defence Index TRI (Total Returns Index)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)