The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.
HDFC Life (+2.90%) is the top Nifty 50 gainer with 3% gain.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.
The investment objective of the Scheme is to generate returns that are in line with the performance of the underlying scheme, subject to tracking error.
Amidst volatile trading, S&P 500 futures climbed 0.7%.
Sensex added nearly 600 points in early morning trade tracking a rebound in global equities.
Big US banks to deposit $ 30 billion in First Republic Bank to support it.