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News HDFC Mutual Fund launches HDFC NIFTY500 Multicap 50 25 25 Index Fund
Aug 6, 2024
Mutual Fund
HDFC Mutual Fund launches HDFC NIFTY500 Multicap 50 25 25 Index Fund
NFO period: 06th August ? 20th August, 2024
Highlights of the NFO:
- Scheme type ? An open ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Index
- Investment objective ? To generate returns that are commensurate (before fees and expenses) with the performance of the Nifty500 Multicap 50:25:25 Index, subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.
- Product suitability ? The product is suitable for investors who are seeking returns that are commensurate (before fees and expenses) with the performance of the Nifty500 Multicap 50:25:25 Index, over long term, subject to tracking error. By investing in equity securities covered by the Nifty500 Multicap 50:25:25 Index.
- Minimum Application Amount ? First investment is Rs. 100/- and and any amount thereafter
- Plan/ Options available ? Regular Plan and Direct Plan having Growth Option only.
- Fund Managers ? Mr. Nirman Morakhia and Mr. Arun Agarwal
- Benchmark ? Nifty500 Multicap 50:25:25 Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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