HDFC MF introduces Technology Fund
HDFC Mutual Fund (MF) has launched HDFC Technology Fund, an open-ended equity scheme investing in Technology & technology related companies. The NFO opens for subscription on August 25, 2023 and closes on September 05, 2023. The Entry load is nil for the scheme. An Exit Load of 1% is payable - if Units are redeemed / switched-out within 1 year from the date of allotment and nil- 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 against S&P BSE Teck Index and its fund managers are Balakumar B and Dhruv Muchhal (overseas Investments).
The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology & technology related companies.
