HDFC Mutual Fund launches HDFC Manufacturing Fund

HDFC Mutual Fund has announced the launch of HDFC Manufacturing Fund, an open-ended equity scheme aiming to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities.

The new fund offers or the NFO of the scheme will open for subscription on April 26 and close on May 10.

The fund’s investment objective is to provide long-term capital appreciation by identifying companies poised to benefit from India’s manufacturing resurgence.

India’s manufacturing sector stands at the cusp of an Amrit Kaal, a golden era, fuelled by various factors such as growing consumption, investments, and exports, coupled with changing geopolitical dynamics and the government’s push for self-reliance through reforms and incentives. The fund seeks to capitalise on these tailwinds, offering investors an opportunity to participate in the country’s transformation into a global manufacturing powerhouse, according to the press release by the fund house.

The investment strategy of the scheme will emphasise on a core portfolio comprising at least 80% investment in stocks representing diverse sectors under the manufacturing theme. The fund’s flexible approach allows for investments across market capitalization, offering investors an exposure to a wide range of opportunities within the manufacturing landscape, said the press release.