HDFC Mutual Fund introduces Innovation Fund
HDFC Mutual Fund has launched HDFC Innovation Fund, an open-ended equity-oriented scheme following the innovation theme. The NFO opens for subscription on June 27, 2025 and closes on July 11, 2025. The Entry Load is nil for the scheme. The Exit load: In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment and No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment. The minimum subscription amount is Rs 100/- and any amount thereafter.
The performance of the Scheme will be benchmarked with NIFTY 500 Index (TRI) and its fund managers are Amit Sinha and Dhruv Muchhal.
To Investment objective of the scheme is to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies.
