HDFC Mutual Fund (MF) has launched HDFC Manufacturing Fund, an open-ended equity scheme following manufacturing theme. The NFO opens for subscription on April 26, 2024 and closes on May 10, 2024. The Entry load is not applicable for the scheme. In respect of each purchase/switch-in of units, an Exit load of 1% is payable - if units are redeemed/switched-out within 1 month from the date of allotment and no Exit Load is payable -if units are redeemed / switched-out after 1 month from the date of allotment. The minimum subscription amount is Rs 100 and any amount thereafter.The performance of the Scheme is measured against NIFTY India Manufacturing Index and its fund managers are Rakesh Sethia and Dhruv Muchhal.The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the manufacturing activity.