HDFC Mutual Fund files offers document for Non-Cyclical Consumer Fund
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HDFC Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘HDFC Non-Cyclical Consumer Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and an Exit load of 1% is payable if units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with Nifty Non-Cyclical Consumer Index.The minimum application amount is Rs 50000 and any amount thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of companies with a focus on non-cyclical consumer theme.
