2026-06-22 12:43:18 pm | Source: Accord Fintech
HDFC Mutual Fund introduces Nifty Auto Index Fund
HDFC Mutual Fund has launched HDFC Nifty Auto Index Fund, an open-ended scheme that will track the NIFTY Auto Total Return Index (TRI). The NFO opens for subscription on June 22, 2026 and closes on July 03, 2026. No Entry Load shall be charged. 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 with Nifty Auto Index (TRI) and its fund managers are Nandita Menezes and Arun Agarwal.
The investment objective of the scheme is to passive investment in equity and equity related securities replicating the composition of the Nifty Auto Index (TRI), subject to tracking errors.
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