HDFC joins the infrastructure NFO race

HDFC Mutual Fund has launched HDFC Infrastructure Fund. The NFO period for the Scheme is Jan 08 – Feb 21, 2008.

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.
This is a closed ended fund and would be converted to open-ended later on. So, comes with a baggage of excess expense load chargeable to close ended funds. HDFC is no doubt a strong fund house. But investors better look for SIP in open-ended infrastructure schemes
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