HDFC Mutual Fund says its HDFC Gold ETF will stay focused on physical gold, but will switch to exchange traded commodity derivatives only during temporary shortages. In line with SEBI guidelines, the move also allows limited exposure to gold delivery and settlement mechanisms and other eligible gold instruments, expanding flexibility without changing the ETF’s core physical intent.
Since the Tejas crash, HDFC Defence Fund has fallen 10% in a month, unsettling investors who previously viewed it as a sector standout. Analysts argue the shock is short-lived and Indian defence fundamentals remain strong, but the fund’s latest performance is prompting fresh scrutiny of how quickly sentiment and returns can recover in defence-linked bets.
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