HDFC Mutual Fund launches HDFC Nifty G: Sec Apr 2029 Index Fund

NFO
Feb 27, 2023 by Advisorkhoj Team | NFO | 10 Downloaded

NFO period: 27th February – 08th March, 2023

Highlights of the NFO:

  • Scheme type – An open ended target maturity scheme replicating/tracking NIFTY GSec Apr 2029 Index. A Relatively High Interest Rate Risk and Relatively Low Credit Risk

  • Investment objective – To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY G- Sec Apr 2029 Index (Underlying Index), subject to tracking difference. 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 G- Sec Apr 2029 Index, subject to tracking difference over long term by investing in Government Securities/SDL, TREPS on Government Securities/Treasury bills.

  • Minimum Application Amount – First investment is Rs. 100/- and any amount thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option only.

  • Fund Managers – Mr. Vikash Agarwal

  • Benchmark – NIFTY G- Sec Apr 2029 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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