HDFC Mutual Fund launches HDFC NIFTY Midcap 150 ETF

NFO period: 30^th January – 09^th February, 2023

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/tracking NIFTY Midcap 150 Index


• Investment objective – To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Midcap 150 Index, subject to tracking error. 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 Midcap 150 Index (TRI), over long term, subject to tracking error by investing in securities covered by the NIFTY Midcap 150 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. Abhishek Mor, Mr. Nirman Morakhia and Mr. Arun Agarwal


• Benchmark – NIFTY Midcap 150 Index (TRI)