HDFC Mutual Fund launches HDFC Banking ETF

NFO period: 10^th August – 14^th August, 2020

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/tracking NIFTY Bank Index


• 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 with the performance of the NIFTY Bank Index (Total Returns Index), subject to tracking error, over long term by investing in equity securities covered by the NIFTY Bank Index.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Presently the scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Krishan Kumar Daga


• Benchmark – NIFTY Bank Index (Total Returns Index)