HDFC launches HDFC Transportation and Logistic Fund, NFO opens on July 28

Hyderabad: HDFC Asset Management Co. Ltd (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses has announced the launch of HDFC Transportation and Logistics Fund that plans to invest in companies that are at the forefront of the dynamic Transportation and Logistics sector.

It aims to capitalise on wide array of opportunities across automotive, shipping & ports, railways, airports & airlines, e-commerce, supply chain & warehousing etc under Transportation and Logistics theme. The captioned new fund offer (NFO) opens on July 28, 2023, and closes on August 11, 2023.

HDFC Mutual Fund recognises the transportation and logistics sector's significant growth potential, driven by India’s young population with rising disposable income, low automobile penetration, trend for premiumisation (shift to costlier variants), large exports potential, push for decarbonisation, focus on transportation safety and government’s focus on transport modernisation.

HDFC Transportation and Logistics Fund offers investors a compelling opportunity to invest in a theme which can drive the future of India. The Fund aims to create a diversified portfolio with a flexi-cap market approach. The Stock selection will have preference for companies which are leaders or which have potential to become market leaders in their respective segments. It will also look for companies which have the potential to benefit from evolving landscape in transportation and logistics theme.

Commenting on the launch, Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited said, “We are pleased to introduce the HDFC Transportation and Logistics Fund to our investors. At HDFC Mutual Fund, we have always endeavoured to be a one-stop solution for varied financial goals and have delivered wide array of opportunities through our diverse product bouquet. HDFC Transportation and Logistics Fund becomes the latest spoke in our product offering wheel.

The scheme will be managed by Priya Ranjan, Fund Manager & Senior Equity Analyst, Dealing & Investments, HDFC Asset Management Company Limited said, “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”