The new scheme will invest in a basket of 12 most liquid banking stocks of Nifty Bank Index, which consist 9 private sector lenders and 3 PSU banks
Read MoreRecently there have been concerns about the fund’s prospects as performance in the last 1-3 years is thought to have slipped
Read MoreAn 86% year on year plunge in fees and commissions at India’s largest fund-house contributed to the earnings
Read MoreAlthough it’s a relief for the FMP investors of HDFC Mutual Fund, it is the shareholders of the listed HDFC Asset Management who are bailing out the FMP investors
Read MoreIt is estimated that HDFC MF has an exposure of Rs 1,100 crore to the Essel Group, one of the highest among AMCs. Debentures issued by Essel Group firms are secured by listed equity shares of Zee/Essel group firms
Read Moreⓘ Find the best performing mutual funds Explore ➜