An open-ended Fund of Funds (FoF) scheme investing in units or shares of overseas index funds and ETFs which will collectively track the MSCI World Index.
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What is a fund of funds? |
Investment objective
The fund of funds aims to generate returns for investors by investing in a combination of Credit Suisse index funds and exchange traded fund (ETF). These funds will collectively aim to track MSCI World Index. This index is a developed market index which consists of 23 countries and makes up 56% of the world’s GDP.
By investing in HDFC Developed World Index FoF, investors will get exposure to diverse economies and markets including the US, Japan and Europe. These markets are home to some of the big global companies such as Alphabet, Novartis, Philips, Toyota and Siemens.
Besides benefiting from global growth opportunities, this fund also works as a hedge against rupee depreciation. At the same time, it mitigates the single country risks.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Units/shares of overseas index funds and/or exchange traded funds. | 95 | 100 | High |
| Debt schemes, debt and money market instruments, including tri party repo, government securities and cash | 0 | 5 | Low to medium |
Scheme details
| Name | HDFC Developed World Indexes FoF |
| Type | An open ended Fund of Funds scheme investing in units/shares of overseas Index Funds and/or ETFs which will in aggregate track the MSCI World Index |
| Category | Equity-Fund of fund |
| Benchmark | MSCI World Index |
| Entry/exit load | Entry: Nil Exit Load: Before 30 days: 1% After 30 days: Nil |
| Fund Manager | Krishan Kumar Daga |
| Minimum application amount | ₹5,000 and in multiples of ₹1. |
| Expense ratio | Up to 1% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| -Returns that closely correspond to the performance of the MSCI World Index, subject to tracking error, over long term
-Investment in units/shares of overseas equity index funds and ETFs. |
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by HDFC Asset Management Company. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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