HDFC Mutual Fund declares IDCW for Arbitrage Fund, check record date and payout details

Under the approved distribution, investors in both the Regular Plan and Direct Plan of the fund's Monthly IDCW Option will receive ₹0.050 per unit on the face value of ₹10.

The distribution will be available under both payout and reinvestment options. In the payout option, the declared amount will be paid to eligible investors, while under the reinvestment option, the IDCW amount will be used to purchase additional units of the scheme, subject to applicable terms.

HDFC Mutual Fund files offer document for new ETF tracking FTSE India Index

Separately, HDFC Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch a new open-ended exchange-traded fund (ETF) called HDFC FTSE India ETF.

The proposed scheme aims to generate returns that closely correspond to the performance of the FTSE India Index (Total Return Index) before accounting for fees and expenses.

The New Fund Offer (NFO) price will be set at one-hundredth of the value of the underlying index on the date of allotment of units during the NFO period. The scheme will not have any entry load or exit load.

The minimum investment amount for the scheme will be ₹500, with additional investments allowed in multiples of ₹1. The fund does not propose to offer multiple plans or options for investment.

The scheme will seek to collect a minimum target amount of ₹5 crore during the NFO period.