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


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).

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  • SIP starting at ₹500

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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
  • Anand Laddha

(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
  1. Growth
  2. Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility)
Minimum SIP Amount
  • If each SIP Installment is less than Rs. 1,000, the minimum number of instalments is 12.
  • If each SIP Installment is more than Rs. 1,000, the minimum number of instalments is 6.


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


Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.