HDFC MF NFO: You can start investing from Rs 100, know strategy, fund manager and other details

HDFC Mutual Fund NFO: Asset management company HDFC Mutual Fund on Friday (April 26, 2024) launched a new sectoral/thematic fund (NFO) in the equity segment. Subscription of the fund house's NFO HDFC Manufacturing Fund opened today (April 26). Investors can apply for this scheme till May 10, 2024. This is an open-ended scheme. In this, investors can make redemption whenever they want. Mutual fund house says that this scheme can be helpful in long-term capital appreciation.

You can start investing from Rs 100

According to HDFC Mutual Fund, you can start investing in HDFC Manufacturing Fund with a minimum of Rs 100.

The benchmark of HDFC Manufacturing Fund is NIFTY India Manufacturing.

There is an exit load in this scheme. Redemption or exit within one month of allotment will attract an exit load of 1%.

There is no exit load after 1 month. Rakesh Sethia is the fund manager of the scheme.

HDFC Manufacturing Fund: Who can invest

HDFC Mutual Fund House says, this can be a better option for investors who want long term capital appreciation. There will be an opportunity to generate better returns by investing in equity and equity related instruments of companies involved in manufacturing activities. However, there is no guarantee that the scheme will achieve its objective. The effect of actual market movements can be seen on the schemes.

(Disclaimer: Only information about NFO is given here. This is not investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)