Mumbai, February 10, 2024: HDFC Asset Management Co. Ltd., funding supervisor to HDFC Mutual Fund (HDFC MF), one among (*30*)’s main mutual fund homes broadcasts the launch of the HDFC NIFTY200 Momentum 30 Index Fund. The captioned NFO opens on Feb ninth and closes on Feb twenty third 2024.
The HDFC NIFTY200 Momentum 30 Index Fund permits buyers to take part within the progress potential of Momentum shares. It is an open-ended scheme that goals to copy the NIFTY200 Momentum 30 Index. The NIFTY200 Momentum 30 Index selects prime 30 shares from the NIFTY 200 based mostly on their Normalized Momentum Score. The index presents potential publicity to each largecap and midcap shares by way of a single product, as its mum or dad index is the NIFTY 200 Index.
The fund adapts dynamically to altering market circumstances, making certain responsiveness to evolving tendencies. Historical information demonstrates the index’s skill to outperform conventional market indices, therefore buyers looking for long-term progress alternatives may think about this as an choice. With decrease expense ratio and a concentrate on capturing market momentum, HDFC NIFTY200 Momentum 30 Index Fund is an funding choice for buyers seeking to capitalize on prevailing market tendencies and safe doubtlessly higher returns over time.
Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company, acknowledged, “At HDFC Mutual Fund, our mission to be the wealth creator for each Indian continues to drive us to supply finest in school funding options to our buyers. We stay dedicated to delivering excellence in Index Solutions, leveraging our 20+ years of experience on this area. We are excited to introduce the HDFC NIFTY200 Momentum 30 Index Fund, permitting buyers to take part within the progress potential of Momentum shares.”
*Investors ought to seek the advice of their monetary advisers, if doubtful about whether or not the product is appropriate for them.
# The product labeling assigned through the NFO relies on inner evaluation of the scheme traits or mannequin portfolio and the identical might range submit NFO when the precise investments are made.