HDFC MF introduces Business Cycle Fund
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HDFC Mutual Fund (MF) has launched HDFC Business Cycle Fund, an open-ended equity scheme following business cycle-based investing theme. The NFO opens for subscription on November 11, 2022 and closes on November 25, 2022. The Entry load is not applicable for the scheme. An Exit load of 1% is payable in respect of each purchase/switch-in of units are redeemed/switched-out within 1 year from the date of allotment and no Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 100 and any amount thereafter.
The performance of the scheme will be benchmarked to the performance of Nifty500 TRI (Total Returns Index) and its fund managers are Rahul Baijal and Priya Ranjan.
The primary investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles.
