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HDFC Mutual Fund has launched HDFC NIFTY200 Momentum 30 Index Fund, an open-ended scheme replicating/ tracking NIFTY200 Momentum 30 Index (TRI). The NFO opens for subscription on February 09, 2024 and closes on February 23, 2024. Entry load will not be applicable for the scheme. Exit Load will be nil. The minimum subscription amount is Rs 100 and any amount thereafter.

The performance of the scheme will be benchmarked against NIFTY200 Momentum 30 Total Returns Index (TRI) and its fund managers are 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 NIFTY200 Momentum 30 Index (TRI), subject to tracking error.