HDFC Mutual Fund announces S&P BSE 500 Index Fund, Nifty Midcap 150 Index Fund, NIFTY Smallcap 250 Index Fund

HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund (HDFC MF), has announced the launch of three schemes – HDFC S&P BSE 500 Index Fund, HDFC NIFTY Midcap 150 Index Fund & HDFC NIFTY Smallcap 250 Index Fund. The launch of these schemes will expand the suite of HDFC MF Index Solutions, and allow investors to participate in the India growth story in a diversified manner.

The new fund offer (NFO) will be available till April 18, 2023.

The respective indices offer diversified exposure to large, mid and smallcap segments, but with lower volatility than the vast majority of their underlying constituents. Thus, the index funds tracking these respective indices offer a way to gain exposure to large, mid and smallcaps through a single instrument. Moreover, winners among largecap, midcap and smallcap indices change from year to year, and hence investors can get exposure to all 3 market cap segments through these Index Funds.