HDFC Prudential MF introduces NIFTY 100 Equal Weight Index Fund
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HDFC Prudential Mutual Fund (MF) has launched HDFC NIFTY 100 Equal Weight Index Fund, an open-ended scheme replicating/tracking NIFTY 100 Equal Weight Index (TRI). The NFO opens for subscription on February 11, 2022 and closes on February 18, 2022. The Entry load and Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 and any amount thereafter.
The performance of the Scheme will be benchmarked with NIFTY 100 Equal Weight Total Returns Index (TRI) and its fund manager is Krishan Kumar Daga.
The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY 100 Equal Weight Index TRI (Underlying Index), subject to tracking error.
