HDFC Defence Fund NFO: Key details you need to know

19 May 2023 , 10:00 AM

HDFC Mutual Fund is launching NFO under its “sectoral fund category”, named as HDFC Defence Fund. This open-ended fund of fund seeks to generate returns by investing in equity and equity-related securities of defence and allied sector companies.

Investment strategy: The Scheme will invest in Indian equity and equity related securities with focus on stocks from Defence and allied sectors and stocks which obtain at least 10% of revenue from the defence segment as mentioned above..

Asset allocation: The scheme will allocate its assets in equity and equity related instruments of defence & allied sector companies, units of REITs and InvITs, and debt and money market instruments.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in HDFC Defence Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty India Defence Index (TRI).

Fund Managers: Mr Abhishek Poddar and Mr Priya Ranjan.

The NFO is available for subscription from May 19 to June 2. 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 Rs 5000/- 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 Defence Fund.