HDFC Mutual Fund proposes to roll over close-ended fund by 18 months

HDFC Mutual Fund plans to rollover HDFC Equity Opportunities Fund – Series 2, a close-ended fund launched in May 2017 with a tenure of 1126 days, by another 18 months. The scheme has assets of Rs 955 crore, and investors agreeing to rollover need to give an consent by July 13. However if no consent is given by investors, the money will be returned to them. The NAV of the fund was Rs 8.38 as on July 3. That means, investors who came in at the NFO and paid Rs 10 per unit, stand to make a loss.

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