The launch will increase the suite of HDFC MF Index Solutions. (Representative picture)
The captioned NFO commenced on April 6, 2023 and can shut on April 18, 2023.
HDFC Asset Management, the funding supervisor to HDFC Mutual Fund (HDFC MF), has introduced the launch of three schemes – HDFC S&P BSE 500 Index Fund, HDFC NIFTY Midcap 150 Index Fund & HDFC NIFTY Smallcap 250 Index Fund.
The launch of those schemes will increase the suite of HDFC MF Index Solutions, and permit buyers to take part within the India development story in a diversified method, HDFC Mutual Fund stated on Wednesday.
It added that the respective indices provide diversified publicity to massive, mid and smallcap segments, however with decrease volatility than the overwhelming majority of their underlying constituents.
The Index Funds monitoring these respective indices provide a easy and environment friendly approach to acquire publicity to massive, mid and smallcaps by a single instrument. Moreover, winners amongst largecap, midcap and smallcap indices change from 12 months to 12 months, and therefore buyers can get publicity to all 3 market cap segments by these Index Funds, the assertion added.
The captioned NFO commenced on April 6, 2023 and can shut on April 18, 2023.
Navneet Munot, managing director and chief government officer, HDFC Asset Management, stated, “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.”
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