The launch will expand the suite of HDFC MF index solutions. (Representational image)
The above NFO opened on April 6, 2023 and will close on April 18, 2023.
HDFC Asset Management, the investment manager of HDFC Mutual Fund (HDFC MF), has announced the launch of three schemes – HDFC S&P BSE 500 Index Fund, HDFC Nifty Midcap 150 Index Fund and HDFC Nifty Smallcap 250 Index Fund.
HDFC Mutual Fund on Wednesday said the launch of these schemes will further expand HDFC MF Index Solutions and provide investors an opportunity to participate in India’s growth story in a diversified manner.
It states that the respective indices offer diversified exposure to large, mid and smallcap segments, but with lower volatility than the vast majority of their underlying constituents.
Index funds that track these respective indices provide a simple and efficient way to gain exposure to large, mid and small cap exposure through a single instrument. Further, the winners in the Largecap, Midcap and Smallcap indices keep changing from year to year, and hence investors can get exposure across all the 3 market cap segments through these index funds, the statement said.
The above NFO opened on April 6, 2023 and will close on April 18, 2023.
Navneet Munot, MD & CEO, HDFC Asset Management said, “In keeping with its ‘investor first’ approach, HDFC Mutual Fund continues to offer various investment solutions to investors. We are pioneers in the field of Passive Funds with an experience of over 20 years. We are further expanding our product bouquet with the launch of these 3 new Index Funds. These funds will allow investors to participate in India’s growth story while diversifying their market cap.
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