MUTUAL FUNDS
HDFC Mutual Fund files offer document for innovation fund
Feb-13-2025

HDFC Mutual Fund has filed offer document with SEBI to launch an open-ended equity-oriented scheme named ‘HDFC innovation fund’. The New Fund Offer price would be Rs 10. Entry load will be nil. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against NIFTY 500 Index (TRI). The minimum application amount is Rs 100 and any amount thereafter.

The investment objective of the Scheme is to generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies. 


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