HDFC Mutual Fund launches HDFC NIFTY PSU Bank ETF

NFO period: 12^th January – 23^rd January, 2024

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/tracking NIFTY PSU Bank Index (TRI)


• Investment objective – The investment objective of the Scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY PSU Bank Index (TRI), over long term, 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 PSU Bank Index (TRI), over long term, subject to tracking error by investing in securities covered by the NIFTY PSU Bank Index (TRI).


• Minimum Application Amount – Rs. 500/- per application and in multiples of Re. 1/- thereafter


• Plan/ Options available – Regular Plan & Direct Plan having Growth option and Income Distribution cum Capital Withdrawal (IDCW) option with Payout of Income Distribution cum Capital Withdrawal sub-option, Reinvestment of Income Distribution cum Capital Withdrawal sub-option.


• Fund Managers – Mr. Abhishek Mor and Mr. Arun Agarwal


• Benchmark – NIFTY PSU Bank Index (TRI)