HDFC MF Mulls Equity Fund For Asia

MUMBAI: HDFC Asset Management Co Ltd on Aug 13, filed initial papers with the market regulator SEBI to unveil an equity fund that will infuse in stocks of companies from Asian countries. HDFC IndAsia Opportunities Fund will infuse at least 65 per cent of the assets in local companies and at least 5 per cent in other Asian countries, excluding Japan, the fund house said in its offer document. The fund will charge an entry load of 2.25 per cent on investment of less than Rs 5 crore and also levy an exit load of 1 per cent for redemption within one year. Investment of Rs 5 crore or more would not attract any load.