The New Fund Offer is open and will close for subscription on April 18.
The performance of HDFC S&P BSE 500 Index Fund will be benchmarked against S&P BSE 500 Total Returns Index (TRI). The performance of HDFC NIFTY Midcap 150 Index Fund will be benchmarked against NIFTY Midcap 150 Total Returns Index (TRI). The performance of HDFC NIFTY Smallcap 250 Index Fund will be benchmarked against NIFTY Smallcap 250 Total Returns Index (TRI).
The three schemes will be managed by Nirman Morakhia and Arun Agarwal.
The minimum subscription amount for investment in these schemes is Rs 100 and any amount thereafter.
The investment objective of the schemes is to provide returns that are commensurate (before fees and expenses) with the performance of the underlying index [S&P BSE 500 Index (TRI), NIFTY Midcap 150 Index (TRI), NIFTY Smallcap 250 Index (TRI) respectively] over long term, subject to tracking error.
“With our ‘Investor first’ approach in mind, HDFC Mutual Fund continues to offer varied investment solutions to the investors. We are one of the pioneers in the passive funds space with over 20-years of experience. We are further expanding our product bouquet with the launch of these 3 new Index Funds. These funds will allow investors to participate in the India growth story while diversifying across market caps,” said Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Co. Ltd.
