HDFC Mutual Fund Announces A Defence Fund NFO

HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund (HDFC MF), one of India's leading mutual fund houses announces the launch of HDFC Defence Fund that would primarily invest in defence & allied sector companies. The NFO opens on May 19, 2023, and closes on June 02, 2023.

Defence as a sector, sees a constant need to modernize its platforms due to its strategic relevance for the country and technological advancements. Through initiatives like Make in India, government policies remain conducive to the growth of defence sector in the country.

HDFC Defence Fund will seek to invest in companies with good quality management with demonstrated track records and aim to achieve diversification by following a multi-cap strategy. The mutual fund's focus would be on growth and quality at reasonable valuations by investing across large, mid, and small-cap stocks.