HDFC Mutual Fund Launches Manufacturing Fund
India’s manufacturing sector is witnessing a renaissance driven by robust consumption patterns, increased investments, and a favorable export environment, complemented by strategic government initiatives. In response, HDFC Mutual Fund has launched its latest offering, the HDFC Manufacturing Fund, designed to ride this wave of growth.
The fund is open for subscription till May 10, 2024, aims to leverage the country’s manufacturing resurgence for long-term capital appreciation. Managed by Rakesh Sethia, Fund Manager, HDFC Manufacturing Fund, the offering adopts a discerning strategy, targeting companies poised to thrive amidst the country’s manufacturing growth. Its investment approach underscores a diversified portfolio spanning various manufacturing sectors, providing investors exposure across market capitalizations and growth potentials.
Navneet Munot, Managing Director and CEO, HDFC Asset Management Co Ltd, lauded the fund’s launch, highlighting HDFC Mutual Fund’s commitment to offering comprehensive financial solutions. Sethia, emphasized a strategic investment style, blending established industry leaders with emerging disruptors, ensuring a balanced and growth-oriented portfolio.