The Housing Development Finance Corporation Limited Mutual Fund(HDFC MF) has launched the New Fund Offer(NFO) of HDFC Banking and Financial Services Fund for retail investors.
- The NFO runs from June 11, 2021 to June 25, 2021.
Objective:
To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services
Key points:
The fund will invest in companies which are leaders and are gaining market shares due to superior execution, scale, and better adoption of technology.
The fund will also focus on opportunities in new listings including pre-IPO participation in lending, insurance, capital market businesses and fintechs.
NFO:
A New Fund Offer (NFO) is a first-time subscription offer for a new scheme that has been launched by an asset management company.
ICICI Prudential MF to launch NFO for Flexi-cap fund
ICICI Prudential Mutual Fund has launched a New Fund Offer(NFO) of flexi cap fund, an open-ended equity scheme that will invest across market capitalisation in India and has an enabling provision to invest in the overseas markets.
- The New Fund Offer (NFO) will open on 28 June 2021 and close on 12 July 2021.
Flexi Cap fund
It is an open-ended equity scheme that aims to provide capital appreciation by investing in equity and equity-related securities across market capitalization based on an in-house market capitalization allocation model.
Recent related News:
On 6th April 2021, Housing Development Finance Corporation (HDFC) Limited acquired a 9.9% stake in the Kerala based Asset Management company, Kerala Infrastructure Fund Management Ltd (KIFML).
About HDFC MF:
Headquarters – Mumbai, Maharashtra
Managing Director & Chief Executive Director(MD & CEO) – Navneet Munot
