HDFC MF Introduces NIFTY200 Momentum 30 Index Fund

HDFC Asset Administration Co. Ltd., funding supervisor to HDFC Mutual Fund (HDFC MF), one among India’s main mutual fund homes pronounces 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 development potential of Momentum shares. It’s 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 Rating. The index gives potential publicity to each largecap and midcap shares by a single product, as its guardian index is the NIFTY 200 Index. The fund adapts dynamically to altering market circumstances, guaranteeing responsiveness to evolving tendencies. Historic knowledge demonstrates the index’s skill to outperform conventional market indices, therefore buyers looking for long-term development alternatives might take into account this as an choice. With decrease expense ratio and a deal with capturing market momentum, HDFC NIFTY200 Momentum 30 Index Fund is an funding choice for buyers seeking to capitalize on prevailing market tendencies and safe probably higher returns over time.

Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Government Officer, HDFC Asset Administration Firm, said, “At HDFC Mutual Fund, our mission to be the wealth creator for each Indian continues to drive us to supply greatest in school funding options to our buyers. We stay dedicated to delivering excellence in Index Options, leveraging our 20+ years of experience on this house. We’re excited to introduce the HDFC NIFTY200 Momentum 30 Index Fund, permitting buyers to take part within the development potential of Momentum shares.”