HDFC Mutual Fund will restrict SIPs and discontinue lumpsum investments in the HDFC Defence Fund from July 22. The fund raised Rs 1,000 crores in a defence-focused NFO, targeting defence companies. Managed by Abhishek Poddar, it is benchmarked against Nifty India Defence Index TRI. Minimum investment is Rs 100 with a 1% exit load if redeemed within a year.
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