NFO Alert: HDFC AMC launches HDFC NIFTY LargeMidcap 250 Index Fund; check key details

HDFC NIFTY LargeMidcap 250 Index Fund is an open-ended index fund by HDFC Mutual Fund. The fund aims to passively replicate the performance of the underlying index. The minimum subscription amount is ₹100. The New Fund Offer (NFO) is open from September 20, 2024, to October 4, 2024. The scheme has no entry or exit load.

Objective of the Scheme: HDFC NIFTY LargeMidcap 250 Index Fund aims to generate commensurate returns (before fees and expenses) with the performance of the Nifty LargeMidcap 250 Index (TRI), subject to tracking error.

Risk-o-meter

Fund Allocation:

Who should invest in this fund?

This NFO of the HDFC NIFTY LargeMidcap 250 Index Fund offers a passive investment approach and is tailored for investors seeking diversified exposure to both large and mid-sized companies within a single fund.

Benchmark

The performance of the HDFC NIFTY LargeMidcap 250 Index Fund will be benchmarked to the performance of the Nifty LargeMidcap 250 Index (TRI).

Peers Funds:

Who Manages the Scheme?

Fund Manager Nirman Morakhia (AUM - 35,548.74 crore, Schemes - 16)

Collectively over 14 years of experience in equity dealing. He has been associated with HDFC Asset Management Company Limited from March 15, 2018, till date. Before that, he worked for Mirae Asset Global Investment Management India Pvt Ltd as an Equity Dealer.

Conclusion

The HDFC NIFTY LargeMidcap 250 Index Fund is ideal for investors seeking diversified exposure to the broader market through the Nifty LargeMidcap 250 Index. It offers low-cost diversification with the potential for wealth creation.