HDFC Mutual Fund has filed an offer document for HDFC IndAsia Opportunities Fund. It is an open-ended equity fund. The new fund offering (NFO) for the scheme is Rs. 10 plus an applicable entry load. The fund house seeks to collect a minimum corpus of Rs. 1 crore for the scheme.
The minimum initial investment under scheme is Rs 5,000 and in multiple of Re 100 thereafter. The scheme offers investors a growth option and a dividend option. The dividend option offers dividend payout facility only.
The investment objective of the scheme is to generate capital appreciation in the long term through investment in a diversified portfolio of equity/equity related instruments of Indian and Asian (ex Japan) Companies.
The scheme charges an entry load of 2.25% for the investment less than Rs 5 crore. There will not be any entry load charged on the investment above Rs 5 crore.
The scheme charges an exit load of 1.00% for the investment below Rs 5 crore and if it’s redeemed within 1 year from the date of allotment. There will not be any exit load charges on the investment above Rs 5 crore.
The fund will invest 65%-95% in equity and equity related instruments of Indian companies and 0-35% in equity and equity related instruments of Asian Companies (ex Japan and India). The scheme will also invest 0%-30% in debt securities and money market instruments. The scheme investment in securitised debt will be up to 30% of the net asset of the scheme.
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