HDFC Mutual Fund launches HDFC Banking & Financial Services Fund. The NFO is open for subscription between June 11 and June 25, 2021.
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.
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|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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|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|
(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|
|Minimum SIP Amount||
The scheme will benchmark its performance to the NIFTY Financial Services TRI.
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