HDFC MF introduces NIFTY Next 50 index Fund

HDFC Mutual Fund (MF) has launched the HDFC NIFTY Next 50 index Fund, an open-ended scheme replicating/tracking NIFTY Next 50 Index (TRI). The NFO opens for subscription on October 22, 2021 and closes on October 29, 2021. The Entry load and the Exit Load are not applicable for the scheme. The minimum subscription amount is Rs 5,000 and any amount thereafter.

The performance of the scheme will be benchmarked against NIFTY Next 50 Total Returns Index (TRI) and its fund manager is Krishan Kumar Daga.

The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Next 50 Index TRI (underlying Index), subject to tracking errors.