New Fund Offer: These NFOs will open on February 11, 2022 and will close on February 18, 2022.
New Fund Offer: A new investment opportunity is going to open for the people investing in mutual funds. HDFC Asset Management has announced the launch of two new fund offers (NFOs), which include HDFC Nifty 100 Index Fund and HDFC Nifty 100 Equal Weight Index Fund (HDFC NIFTY100 Equal Weight Index Fund). HDFC Nifty 100 Index Fund and HDFC Nifty 100 Equal Weight Index Fund are offered as part of HDFC MF Index Solution, AMC said in a statement. The company claims that both the NFOs have been launched for investors who want returns commensurate with the performance of Nifty 100 Index and Nifty 100 Equal Weight Index.
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NFO related details
- These NFOs will open on February 11, 2022 and will close on February 18, 2022.
- One can start investing in both the schemes with a minimum of Rs 5000.
- AMC said that these NFOs provide an easy way to invest in large caps of India.
- As of December 31, 2021, large caps account for 68 per cent of the listed Indian companies on the basis of market cap.
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Will be able to invest in 100 biggest companies
HDFC AMC MD and CEO Navneet Munot said, “These two NFOs will allow customers to invest in 100 largest companies in India. HDFC has been one of the oldest players in AMC Index Solutions. The company claims that both these NFOs provide a strategy to invest in the largest companies in India that are part of the Nifty 100 Index. While the Nifty 100 Index will give weights based on the free-float market cap, the Nifty 100 Equal Weight Index will give equal weighting to all the constituents. Investors can consider investing in both the funds.
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