NFO Alert: HDFC Mutual Fund launches HDFC Pharma and Healthcare Fund; all you need to know

HDFC Mutual Fund announced the launch of the HDFC Pharma and Healthcare Fund, an open-ended equity scheme investing in pharma and healthcare companies. The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of pharma and healthcare companies. Under normal circumstances, the asset allocation of the scheme will be as follows: Instruments Indicative allocations Risk Profile Minimum Maximum Equity and equity-related instruments of pharma and healthcare companies 80% 100% Very High Equity and equity-related instruments of companies other than the above 0% 20% Very High Units of REITs and InvITs 0% 10% Medium to High Debt securities, money market instruments and fixed-income derivatives 0% 20% Low to Medium Units of Mutual Fund 0% 5% Low to High Are there similar mutual funds in the market? These include: Mutual Fund House Name of the Fund DSP Mutual Fund DSP Healthcare Fund SBI Mutual Fund SBI Healthcare Opportunities Fund UTI Mutual Fund UTI Healthcare Fund Aditya Birla Sun Life Mutual Fund Aditya Birla Sun Life Pharma & Healthcare Fund ITI Mutual Fund ITI Pharma & Healthcare Fund Aditya Birla Sun Life Mutual Fund Aditya Birla Sun Life Banking and Financial Services Fund Mirae Asset Mutual Fund Mirae Asset Healthcare Fund ICICI Prudential Mutual Fund ICICI Prudential Pharma Healthcare and Diagnostics Fund IDBI Mutual Fund IDBI Healthcare Fund Source: MoneyControl How will the scheme benchmark its performance?