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Mumbai, Jan. 8 HDFC Mutual Fund has launched HDFC Infrastructure Fund, which is a three year close-ended equity scheme with automatic conversion into an open-ended scheme upon maturity.

The investment objective of the scheme is to seek long-term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged in or expected to benefit from the growth and development of infrastructure.

The scheme offers both growth and dividend options. The minimum amount needed to invest is Rs 5,000 and in multiples of Rs 100 thereafter.

The new fund offer will be open from January 8 to February 21.

The scheme aims to invest in sectors like airports, banking and financial services, cement and cement products, construction and related industries, electrical and electronic components, energy, oil & gas and allied industries, petroleum and related industries, ports, power and power equipment, telecom, industrial capital goods, etc.

The scheme will offer for redemption or switch over of units on an ongoing basis at monthly intervals at NAV-based prices and the redemption or switch over will be available on the first two business days of each calendar month.

More Stories on : New Fund Offer | Infrastructure | Mutual Funds

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