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HDFC Mutual Fund (MF) has launched HDFC NIFTY Midcap 150 ETF, an open-ended scheme replicating/tracking NIFTY Midcap 150 Index (TRI). The NFO opens for subscription on January 30, 2023 and closes on February 09, 2023. 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 will be benchmarked to the performance of NIFTY Midcap 150 Index (TRI) and its fund managers are Abhishek Mor, Nirman Morakhia and Arun Agarwal.

The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Midcap 150 Index, subject to tracking error.