HDFC Transportation and Logistics Fund: New Fund Offer dates and details. What does it offer?

financialexpress.com:

HDFC AMC has announced the launch of the HDFC Transportation and Logistics Fund which plans to invest in companies that are at the forefront of the Transportation and Logistics sector.

The new fund will aim to capitalise on a wide array of opportunities across automotive, shipping and ports, railways, airports and airlines, e-commerce, road/rails/air cargos, supply chain/warehousing etc under the Transportation and Logistics theme, HDFC AMC said in a statement.

The AMC said that HDFC Mutual Fund recognizes the transportation and logistics sector’s significant growth potential, driven by India’s young population with rising disposable income, Low automobile penetration, the trend for premiumisation (shift to costlier variants), Large exports potential, Push for decarbonisation, focus on transportation safety and government’s focus on transport modernisation.

The NFO for HDFC Transportation and Logistics Fund opened on July 28, 2023, and closes on August 11, 2023.

HDFC Transportation and Logistics Fund offers investors an 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. According to the AMC, the stock selection for this fund will have a preference for companies which are leaders/which have the 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.

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“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