HDFC Housing Opportunities Fund - Series 1 , which is the first of its kind in the industry.
- HDFC Housing Opportunities Fund is a 1140 days close-ended thematic equity offering investing a minimum of 80% into equities of housing and allied businesses.
- Housing theme would predominantly include industries including Cement, Engineering-Designing-Construc
tion, Banks, Housing Finance, Steel, Paints, Construction, Home appliances, Plywood, Sanitaryware, Tiles, etc. Hence, a diversified basket to choose stocks from.
- Benchmark: A custom-made benchmark by IISL (NSE) called India Housing and Allied Businesses Index, a 50 stock index that currently includes 14 basic industries.
- Why housing theme:
- Acute shortage for housing in India
- Favourable demographics, urbanization and shift toward nuclear households.
- Government focus on affordable housing.
- Improved affordability on account of stable house prices, increase in income levels and a drop in interest rates.
- Multiple macro-economic linkages to foster growth in allied industries, thereby boosting economic growth.
- HDFC Housing Opportunities Fund to focus on businesses that would benefit from the expected growth in housing.
NFO Period: 16th to 30th November 2017
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