HDFC Defence Fund Floats On

Published on May 19, 2023 11:19

HDFC Mutual Fund has launched a new fund named as HDFC Defence Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Other Scheme - Index Funds

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 100 and any amount thereafter.

The additional application amount is Rs 100 and any amount thereafter.

Load structure:� In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 1 year from the date of allotment.

� No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment.

Benchmark Index for the scheme is Nifty India Defence Index TRI

The fund manager of the scheme is Mr. Abhishek Poddar & Mr. Priya Ranjan dedicated Fund Manager for overseas Investments