New fund offer has been announced by HDFC Mutual Fund, which gives an unique opportunity to investor to generate more wealth.
HDFC NFO: HDFC Asset Management Co. Ltd. has launched the HDFC Nifty500 Multicap 50:25:25 Index Fund, which will help the investors to generate long-term wealth creation.The NFO was opened on August 6th and will close on August 20th, 2024. The fund provides diversification across large, mid, and small-cap stocks and also has a quarterly reset mechanism.
HDFC Nifty500 Multicap 50:25:25 Index Fund: Key Details
Launch Details:
The New Fund Offering (NFO) opened on August 6th and will close on August 20th, 2024.
Fund Objective:
The purpose of the fund is to track the Nifty500 Multicap 50:25:25 Total Returns Index, which provides investors long-term wealth creation opportunities.
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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 Feature:
The allocation to large, mid, and small caps will usually be 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.
Fund Manager
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.
