HDFC MF introduces NIFTY Private Bank ETF
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HDFC Mutual Fund (MF) has launched HDFC NIFTY Private Bank ETF, an open-ended scheme replicating/tracking NIFTY Private Bank Index. The NFO opens for subscription on October 28, 2022 and closes on November 09, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 500 per application and in multiples of Re 1 thereafter.
The performance of the scheme would be benchmarked against NIFTY Private Bank Index (TRI)and its fund managers are Krishan Kumar Daga and Arun Agarwal.
The investment objective of the Scheme is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY Private Bank Index, subject to tracking errors.
