DelhiDesk HDFC Asset Management Company is launching a new mutual fund scheme called HDFC Defense Fund, which will invest only in aerospace and defense companies. This is the first scheme of its kind in India, and the New Fund Offer (NFO) will be open from May 19 to June 2, 2023. The scheme will invest 80% of its funds in defense and allied sectors, including companies in aerospace, explosives, shipbuilding, and related services. The focus of the fund will be on Large, Mid, and Small cap companies, and investors can invest through SIP as well as lumpsum. However, investment in Equity Mutual Funds is affected by the ups and downs of the stock market, so it is advised to take advice from a financial advisor before investing.
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– HDFC Asset Management Company is launching a new mutual fund scheme called HDFC Defense Fund
– The scheme will invest only in aerospace and defense companies, making it the first scheme of its kind in India
– The New Fund Offer (NFO) of HDFC Defense Fund opens on May 19 and investments can be made until June 2
– 80% of the money collected will be invested in defense and allied sectors, including aerospace, explosives, shipbuilding, and related services
– The fund will focus on Large, Mid and Small cap companies
– One can invest in HDFC Defense Fund through SIP as well as lumpsum
– Experts believe that India’s defense sector is still in its initial stages and a good profit can be earned later by investing in it
– Investment in Equity Mutual Funds is affected by the ups and downs of the stock market, so it is advisable to take advice from financial advisors before investing.
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