CURRENT AFFAIRS : BANKING & FINANCE
HDFC Mutual Fund launches India’s first defence fund
- HDFC Asset Management Company (AMC) Limited, investment manager of HDFC mutual fund (HDFC MF) has announced the launch of India’s first mutual fund – HDFC Defence Fund focussed on defence sector.
- The new fund offering (NFO) of HDFC Defence Fund, an open-ended equity scheme, would open on May 19, 2023 and close on June 2, 2023.
- The new scheme follows a bottom-up approach of portfolio construction within the defence ecosystem.
