Question
The first of its kind Defence Fund is launched to invest
in defense and allied sector companies & will follow a bottom-up approach of portfolio construction within the defense ecosystem.Which asset management company has launched it?Solution
HDFC Asset Management Company (AMC) has launched HDFC Defence Fund. The first-of-its-kind Defence Fund in India plans to invest in defence and allied sector companies. The Fund will follow a bottom-up approach of portfolio construction within the defence ecosystem. The Fund’s focus would be on growth and quality at reasonable valuations by investing across large, mid and small-cap stocks.
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