HDFC mutual fund launches HDFC nifty500 multicap 50:25:25 index fund; know objective, investment amount, tax efficiency and other key features
HDFC Nifty500 Multicap 50:25:25 Index Fund: The NFO is open from August 6th to August 20th, 2024, providing diversification across large, mid, and small-cap stocks with a unique quarterly reset mechanism.
![HDFC mutual fund launches HDFC nifty500 multicap 50:25:25 index fund; know objective, investment amount, tax efficiency and other key features](https://cdn.zeebiz.com/sites/default/files/2024/08/02/308921-mutua-fund.jpg?im=FitAndFill=(1200,900))
HDFC Asset Management Co. Ltd. introduces the HDFC Nifty500 Multicap 50:25:25 Index Fund, aiming to offer investors long-term wealth creation through a passively managed fund that tracks the Nifty500 Multicap 50:25:25 Total Returns Index. The NFO is open from August 6th to August 20th, 2024, providing diversification across large, mid, and small-cap stocks with a unique quarterly reset mechanism.
Key Things to Know About HDFC Nifty500 Multicap 50:25:25 Index Fund:
Launch Details:
The New Fund Offering (NFO) opens on August 6th and closes on August 20th, 2024.
Fund Objective:
It aims to track the Nifty500 Multicap 50:25:25 Total Returns Index, providing investors with long-term wealth creation opportunities.
Diversification:
The fund includes all 500 stocks from the NIFTY 500 index, with 50% in large caps, 25% in mid caps, and 25% in small caps.
Quarterly Reset:
The allocation to large, mid, and small caps is reset quarterly to maintain the 50:25:25 ratio.
Historical Performance:
The Nifty500 Multicap 50:25:25 TRI has outperformed the NIFTY 500 TRI over 1, 3, 5, and 10-year periods as of June 28, 2024.
Management:
The fund will be managed by Mr. Nirman Morakhia and Mr. Arun Agarwal.
Investment Amount:
Investors can start with a minimum investment of Rs. 100 during the NFO and continuous offer periods.
No Maximum Limit:
There is no maximum limit on the investment amount.
Tax Efficiency:
The quarterly reset mechanism helps maintain allocation efficiently and is tax-effective over the long term.
Company Commitment: HDFC MF continues to offer a range of investment solutions, aiming to be a wealth creator for every Indian, leveraging over 20 years of expertise in index solutions.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
01:36 PM IST