The fund house can invest up to 20 percent in equity shares of companies other than in Housing and its allied business activities
HDFC Mutual Fund will launch HDFC Housing Opportunities Fund- Series 1 on Nov 16 and it will remain open for subscription until November 30, an official from the fund house said today.
The close-ended thematic equity fund will allocate at least 80 percent of its assets in equity and equity related instruments of entities engaged in and/or expected to benefit from the growth in housing and its allied business activities.
The fund house will also invest up to 20 percent in equity shares of companies other than in housing and its allied business activities or in debt and money market instruments.
The scheme also has the provision to invest up to 10 percent in units issued by Real Estate Investment Trusts or REITs & Infrastructure Investment Trusts InvITs.
Plans: Direct and regular
Options: Growth and dividend
Minimum investment: Rs 5,000 and in multiples of Rs 10 thereafter
Benchmark: India Housing and Allied Businesses Index
Fund Manager: Srinivas Rao RavuriFollow @HimadriBuch