HDFC MF launches Diversified Equity All Cap Active Fund of Fund

HDFC Mutual Fund has launched the HDFC Diversified Equity All Cap Active Fund of Fund (FOF), an open-ended scheme that will invest in units of domestic equity-oriented schemes across large, mid, and small-cap segments.

The New Fund Offer (NFO) will be open from September 10 to September 24.

The scheme will allocate investments across varied market capitalizations through a framework-driven approach. It aims to simplify portfolio rebalancing by executing it within the fund structure, which may help reduce operational complexities and tax liabilities for investors.

The fund will be benchmarked against the NIFTY 500 (TRI). Investors can participate with a minimum investment of ₹100 during the NFO as well as the continuous offer period, which will commence after the reopening of the scheme.

The fund will offer both Direct and Regular plans with Growth and IDCW (Income Distribution cum Capital Withdrawal) options. An exit load of 1% will apply on redemptions made within one year of allotment; no exit load will be charged thereafter.

The scheme will be managed by Srinivasan Ramamurthy, Fund Manager at HDFC AMC.

HDFC AMC said the new fund is designed to provide investors with a single equity allocation strategy across market caps through active management and disciplined rebalancing.