HDFC AMC launches mfg fund

Hyderabad: HDFC Asset Management Co Ltd (HDFC AMC), investment manager of HDFC Mutual Fund (HDFC MF), announces the launch of HDFC Manufacturing Fund. This open-ended equity scheme aims to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities.

The NFO for HDFC Manufacturing Fund is open from April 26 to May 10. HDFC Manufacturing Fund’s investment strategy emphasizes on a core portfolio comprising at least 80 per cent of investment in stocks representing diverse sectors under the manufacturing theme. Navneet Munot, MD and CEO, HDFC AMC, said: “We are delighted to introduce the HDFC Manufacturing Fund to our investors.