HDFC Mutual Fund New Fund Offer : HDFC Mutual Fund has launched a new open-ended equity fund, whose main focus will be on participating in the growth story of the manufacturing sector. This New Fund Offer (NFO)The investment management unit of HDFC Mutual Fund (HDFC MF) has brought HDFC Asset Management Company Limited. This new fund has been named HDFC Manufacturing Fund. It is an open-ended equity mutual fund, which aims to unlock the potential of India’s manufacturing sector by investing in equity and equity-linked securities of companies primarily engaged in manufacturing activities. Subscription for NFO of HDFC Manufacturing Fund will open on 26 April 2024 and close on 10 May 2024.
The golden age of manufacturing sector in India
While launching this new fund with manufacturing theme, the company has said that the manufacturing sector in India is going through its golden age and is standing at the cusp of a golden era. The company believes that this sector of India is moving towards self-reliance through increase in consumption, investment and exports and changing geo-political activities and economic reforms as well as government incentives. In such a situation, HDFC Manufacturing Fund gives investors an opportunity to take advantage of these favorable conditions. This will also help in making India a powerhouse in the global manufacturing sector.
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80% investment in stocks related to manufacturing theme.
As the name suggests, the investment strategy of HDFC Manufacturing Fund will focus on manufacturing theme. Under this, at least 80 percent of the portfolio of this fund will be invested in shares representing different sectors related to the manufacturing theme. Due to the flexible approach of the fund, its corpus can be invested in shares of companies with different market capitalization. With this, investors will get the benefit of investing in a wide range of opportunities coming under manufacturing.
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Announcing the launch of the NFO, Navneet Munot, MD & CEO, HDFC Asset Management Company, said, “We are delighted to introduce HDFC Manufacturing Fund to our investors. At HDFC Mutual Fund, we have always believed in providing one investment platform for various financial goals. “We strive to provide one-stop solutions and are going to provide a wide range of opportunities through our diverse product bucket.”
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Emphasis will be on balance between industry leaders and emerging companies
Rakesh Sethia, manager of this new fund, has more than 19 years of experience in equity research. Revealing his investment style, he said that our investment style revolves around bottom-up research, which aims to identify attractive companies that can register long-term growth. He said that we want to create a portfolio that has There should be a balance between already established industry leaders and new emerging companies, so that different types of investment opportunities present in the manufacturing sector can be taken advantage of. The company says that the objective of this fund is to generate long term capital by investing in such companies. To achieve appreciation, which is going to be at the forefront in taking advantage of the progress taking place in the field of manufacturing in India.
