HDFC Mutual Fund has announced the launch of HDFC Manufacturing Fund, an open-ended equity scheme aiming to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities.

The new fund offer or the NFO of the scheme will open for subscription on April 26 and close on May 10.

The fund’s investment objective is to provide long-term capital appreciation by identifying companies poised to benefit from India’s manufacturing resurgence.

The scheme will be managed by Rakesh Sethia.