HDFC Asset Administration, 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 Options, and permit traders to take part within the India development story in a diversified method, HDFC Mutual Fund mentioned on Wednesday.
It added that the respective indices supply 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 supply a easy and environment friendly strategy to achieve publicity to massive, mid and smallcaps by way of a single instrument. Furthermore, winners amongst largecap, midcap and smallcap indices change from yr to yr, and therefore traders can get publicity to all 3 market cap segments by way of 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 Administration, mentioned, “With our ‘Investor first’ strategy in thoughts, HDFC Mutual Fund continues to supply assorted funding options to the traders. We’re one of many pioneers within the passive funds house with over 20-years of expertise. We’re additional increasing our product bouquet with the launch of those 3 new Index Funds. These funds will enable traders to take part within the India development story whereas diversifying throughout market caps.”
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