News From Press HDFC Mutual's new fund raises Rs 3,500; the most by any fund since 2007

HDFC Mutual's new fund raises Rs 3,500; the most by any fund since 2007

Source: Economic Times Dec 1, 2017

HDFC Housing Opportunities Fund, a close end equity scheme launched by HDFC Mutual Fund, has raised Rs 3,500 in its new fund offer (NFO), which closed on November 30. This is the highest a close-ended NFO has raised since 2007, when UTI Infrastructure Advantage Fund mopped up Rs 3500 crore, according to Value Research.

A spokesperson for HDFC Mutual refused to comment on the final collections.

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