HDFC Mutual Fund has updated rules for its HDFC Defence Fund. It raised the minimum investment amount required for fresh SIP registrations. The fund also capped new STP registrations at ₹25,000 per month per investor at the PAN level, with the facility available only on a monthly frequency from May 4.
Energy sector mutual funds have rallied nearly 12% over the past three months, outpacing other fund categories as global energy prices climb. Analysts say the move may be cyclical rather than guaranteed. They recommend existing investors book partial profits, while new investors consider SIP or STP to reduce entry-time risk.
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