HDFC Manufacturing Fund NFO: Key details you need to know

30 Apr 2024 , 10:47 AM

HDFC Mutual Fund is launching NFO under its “Thematic Fund”, named as HDFC Manufacturing Fund. The open-ended fund aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following manufacturing theme.

Investment strategy: The Scheme will follow a bottom-up approach to stock-picking and choosing companies.

Asset allocation: The Scheme will follow an active investment strategy and seek to achieve its investment objective by investing atleast 80% of its net assets in equity / equity-related instruments of companies engaged in manufacturing activity.

Who should invest?

Investors with very high risk appetite should invest in the HDFC Manufacturing Fund for 5 or more years.

Risk associated: Very high level of risk.

Benchmark: Nifty India Manufacturing Index

Fund Managers: Mr. Rakesh Sethia, Mr. Dhruv Muchhal

The NFO is available for subscription from April 26 to May 10. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹100/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in HDFC Manufacturing Fund.