MUTUAL FUNDS
HDFC MF introduces Banking ETF
Aug-10-2020

HDFC Mutual Fund (MF) has launched the Banking Exchange Traded Fund (ETF), an Open Ended Scheme replicating/tracking NIFTY Bank Index. The NFO opens for subscription on August 10, 2020 and closes on August 14, 2020. No Entry load and the Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The scheme’s performance will be benchmarked against its performance to NIFTY Bank Index (Total Returns Index) and its fund manager is Krishan Kumar.

The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the NIFTY Bank Index subject to tracking errors.


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