The scheme will be managed by Priya Ranjan.
“At HDFC Mutual Fund, we have always endeavored to be a one-stop solution for varied financial goals and have delivered a wide array of opportunities through our diverse product bouquet. HDFC Transportation and Logistics Fund becomes the latest spoke in our product offering wheel,” said Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company.
HDFC Transportation and Logistics Fund aims to create a diversified portfolio with a flexi-cap market approach. The stock selection will have preference for companies which are leaders/which have potential to become market leaders in their respective segments. It will also look for companies which have the potential to benefit from the evolving landscape in transportation and logistics theme.
“India’s Transportation and Logistics theme is poised for multi-decadal growth, with multiple drivers in the form of young population, rising disposable income, trend of premiumisation, government focus on manufacturing, exports potential, focus on safety and decarbonisation, emphasis on transport modernisation etc. HDFC Transportation and Logistics Fund presents investors a viable investment avenue to participate in the growth story of this theme,” said Priya Ranjan, Fund Manager & Senior Equity Analyst, Dealing & Investments, HDFC Asset Management Company.
The New Fund Offer is open and it will close for subscription on August 11.
