HDFC Mutual Fund Launches Banking & Financial Services Fund
HDFC Mutual Fund launches HDFC Banking & Financial Services Fund. The NFO is open for subscription between June 11 and June 25, 2021.
Investment Objective
To provide long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies engaged in banking and financial services. There is no assurance that the investment objective of the Scheme will be realized.
Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity and equity-related instruments of banking and financial services companies | 80% | 100% | Medium to High |
| Equity and Equity
related instruments of companies other than above |
0% | 20% | Medium to High |
| Debt securities*, money market instruments and
Fixed Income Derivatives |
0% | 20% | Low to Medium |
| Units issued by REITs & InvITs | 0% | 10% | Medium to High |
| Non-convertible preference shares | 0% | 10% | Low to Medium |
* including securitised debt, other structured obligations (SO), credit enhanced debt (CE).
Explore NFO at Groww
Fund Details
| Scheme name | HDFC Banking & Financial Services Fund |
| Type of scheme | An open ended equity scheme investing in Banking and Financial Services Sector. |
| NFO Dates | June 11, 2021, to June 25, 2021 |
| Fund Manager |
(Dedicated Fund Manager for overseas investments – Sankalp Baid) |
| Benchmark | NIFTY Financial Services TRI |
| Minimum Amount for Application during NFO | Rs. 5,000 and in multiples of Re 1 after that. |
| Minimum Additional Application Amount | Rs. 1,000 and in multiples of Re 1 after that. |
| Load | a) Entry Load: Not Applicable
b) Exit Load: 1%: If units are redeemed within 12 months NIL: For redemption / switch-out of units after 1 year from the date of allotment |
| Plans | Direct and Regular |
| Options |
|
| Minimum SIP Amount |
|
Benchmark
The scheme will benchmark its performance to the NIFTY Financial Services TRI.
Fund Manager^
Anand Laddha
Mr. Laddha has experience of over 16 years in equity and derivative research and sales. He has been with HDFC AMC since February 2006.
^Dedicated Fund Manager for overseas investments – Sankalp Baid
