HDFC Defence Fund NFO opens for investment today: Check last date, objective, risk meter and other details
HDFC Asset Management Company earlier on Tuesday announced the launch of the country's first mutual fund focused on defence sector – a move that will provide investors an opportunity to participate in the growth potential of this space.
The new fund offering (NFO) of HDFC Defence Fund, an open-ended equity scheme, would open on May 19 and close on June 2, according to an official statement of HDFC Asset Management Company.
The asset management company earlier on Tuesday announced the launch of the country's first mutual fund focused on defence sector – a move that will provide investors an opportunity to participate in the growth potential of this space.
The fund will invest at least 80 per cent of its net assets in defence and allied sector companies. This includes stocks forming part of aerospace and defence; explosives, shipbuilding and allied services.
Abhishek Poddar - Fund Manager - Equity and Senior Equity Analyst, Dealing and Investments at HDFC AMC said, “In a multipolar world, defence expenditure globally is set to increase as countries enhance their defence capabilities.”
“Self-reliance in defence led by strong R&D focus and enhancement of manufacturing capabilities creates an opportunity for Indian companies to serve the domestic market as well as tap large export potential, Poddar said, adding that this offers a multi-decadal investment opportunity.
The asset management firm said that the scheme will invest in companies with good quality management with demonstrated track records and aims to achieve diversification by following a multi-cap strategy.
The fund's focus would be on growth and quality at reasonable valuations by investing across large, mid and small-cap stocks, the company noted.
Key Highlights of HDFC Defence Fund NFO
- HDFC Defence Fund NFO open date: May 19, 2023
- HDFC Defence Fund NFO end date: June 02, 2023
- HDFC Defence Fund NFO investment objective: To provide long-term capital appreciation by investing predominantly in equity and equity related securities of defence & allied sector companies.
- HDFC Defence Fund NFO risk meter: Investors understand that their principal will be at very high risk
- About HDFC Defence Fund NFO: This product is suitable for investors who are seeking to generate long-term capital appreciation/income and investment is predominantly in equity & equity related instruments of defence and allied sector companies.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
02:39 PM IST