HDFC Mutual Fund launches HDFC NIFTY Midcap 150 Index Fund

NFO period: 06^th April – 18^th April, 2023

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/ 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 equity securities covered by the NIFTY Midcap 150 Index.


• 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. Nirman Morakhia and Mr. Arun Agarwal


• Benchmark – NIFTY Midcap 150 Total Returns Index (TRI)