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New Fund Offer of HDFC Banking and Financial Services Fund

Published on June 14, 2021
Current Context: The HDFC Mutual Fund launched a new fund offer (NFO) for retail investors.
New Fund Offer of HDFC Banking and Financial Services Fund
  • The name of the NFO is HDFC Banking and Financial Services, Fund.
  • It allows investment in the banking and financial services sector across segments and market capitalization for banking, broking, asset management, wealth management, insurance, NBFC, and other companies which work to grant financial services.
  • The fund will invest in companies that are leaders and/or are gaining market shares due to features like superior execution, scale, and better adoption of technology.
  • It will focus on new listings like pre-IPO participation in lending, insurance, capital market businesses and fintech.
  • The NFO will remain active till 25th June 2021. And as it is an open-ended fund, one can also invest thereafter.
  • Static Part: 
    • HQ of HDFC MF: Mumbai
    • MD and CEO of HDFC MF: Navneet Munot


Q.1 Which MF company launched a new fund offer (NFO) for retail investors in June 2021?
a. Nippon India Mutual Funds
b. SBI Mutual Fund
c. Kotak Mutual Funds
d. HDFC Mutual Fund
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