HDFC Mutual Fund launches HDFC NIFTY IT ETF

NFO period: 28^th October – 09^th November, 2022

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY IT 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 IT Index (TRI), over long term, subject to tracking error. By investing in securities covered by the NIFTY IT Index.


• Minimum Application Amount – First investment is Rs. 500/- 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 and Mr. Arun Agarwal


• Benchmark – NIFTY IT Index (TRI)