HDFC NIFTY200 Momentum 30 Index Fund NFO: Everything you need to know

26 Mar 2024 , 03:16 PM

HDFC Mutual Fund is launching NFO under its “Index category”, named as HDFC NIFTY200 Momentum 30 Index Fund. The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY200 Momentum 30 Index TRI (Underlying Index), subject to tracking error.

Investment strategy: The performance of the Scheme may not commensurate with the performance of the respective benchmark of the Schemes on any given day or over any given period. Such variations are commonly referred to as the tracking error. The Scheme intends to maintain a low tracking error by actively managing the portfolio in line with the index.

Asset allocation: The scheme aims to make investment in equity securities covered by the NIFTY200 Momentum 30 Index.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in NIFTY200 Momentum 30 Index should invest in HDFC NIFTY200 Momentum 30 Index Fund. 

Risk associated: Very high level of risk.

Benchmark: NIFTY200 Momentum 30 Index TRI.

Fund Managers: Nirman Morakhia, Arun Agarwal

The NFO is available for subscription from February 9 to February 23. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹100/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in HDFC NIFTY200 Momentum 30 Index Fund.