There’s a new fund on the mutual fund street called HDFC Housing Opportunities Fund - Series 1 (HOF1). HOF1 is a 3-year closed-end thematic equity fund that aims to invest in housing developers and sectors associated with the sector. The fund doesn’t limit itself to affordable housing; though that is a large chunk of the housing segment it aims to invest in. HOF1 is a thematic fund and therefore among the riskiest types of mutual fund schemes. If the housing sector—especially the affordable housing segment—goes through a slump (the housing sector is anyway going through one such slowdown at the moment), HOF1 would go through a slump as well.

Source: Mint November 29, 2017 11:26 UTC