HDFC Mutual Fund launches HDFC NIFTY Next 50 index Fund

NFO period: 22^nd October - 29^th October, 2021

Highlights of the NFO:

• Scheme type - An open ended scheme replicating/tracking NIFTY Next 50 Index (TRI)


• Investment objective - To provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the NIFTY Bank Index subject to tracking errors. There is no assurance that the investment objective of the scheme will be realized.


• Product suitability - The product is suitable for investors who are seeking returns that are commensurate (before fees and expenses) with the performance of the NIFTY Next 50 Index (TRI) over long term, subject to tracking error by investing in equity securities covered by the NIFTY Next 50 Index.


• Minimum Application Amount - First investment is Rs. 5,000/- and any amount thereafter


• Plan/ Options available - Regular Plan and Direct Plan. Each Plan offers Growth Option Only.


• Fund Managers - Mr. Krishan Kumar Daga


• Benchmark - NIFTY Next 50 (Total Returns Index)