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HDFC Mutual Fund (MF) has launched the Nifty Top 20 Equal Weight Index Fund, an open-ended scheme tracking the Nifty Top 20 Equal Weight Index (TRI). The NFO opens for subscription on March 07, 2025 and closes on March 21, 2025. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and any amount thereafter.

The performance of the scheme will be benchmarked against Nifty Top 20 Equal Weight 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 Nifty Top 20 Equal Weight Index (TRI), subject to tracking error.