| HDFC Mutual Fund has launched a new plan named as HDFC Equity Opportunities Fund -II-1100D June 2017 (1), a close ended growth scheme. The tenure of the scheme is 1100 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 27 June to 11 July 2017.
The investment objective of the plan is to achieve long term capital appreciation by investing predominantly in equity and equity-related instruments across market capitalization and sectors that will benefit from growth of the Indian economy.
The plan offers regular and direct option. Growth option and dividend options are the sub-options.
The scheme would invest 80%-100% of assets in equity & equity related instruments including derivatives with high risk profile and invest upto 20% of assets in debt & money market instruments with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry and exit load charge will be not applicable for the plan.
Benchmark Index for the plan is Nifty 500.
The fund managers of the scheme are Srinivas Rao Ravuri and Rakesh Vyas (Dedicated fund manager for overseas investments).
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