HDFC Mutual Fund launches HDFC Banking and Financial Services Fund

NFO period: 11^th June – 25^th June, 2021

Highlights of the NFO:

• Scheme type – An open ended equity scheme investing in Banking and Financial Services Sector


• 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.


• Product suitability – The product is suitable for investors who are seeking to generate long-term capital appreciation/income by investing predominantly in equity & equity related instruments of banking and financial services companies.


• Minimum Application Amount – First investment is Rs. 5,000/- and and any amount thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option.


• Fund Managers – Mr. Anand Laddha and Mr. Sankalp Baid


• Benchmark – NIFTY Financial Services TRI (Total Returns Index)