November 16, 2024
mayank
HDFC Nifty India Digital Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Past Performance & Review of NFO Benchmark Index
- Should You Invest in this NFO?
- Invest Online
What is the HDFC Nifty India Digital Index Fund Open Date, Close Date?
NFO opens on November 22, 2024
NFO will close on December 06, 2024
Invest Stratege for this NFO?
The schemes seeks to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty India Digital Index (TRI), subject to tracking error.
Basic Details
| Fund House | HDFC Mutual Fund |
| Issue Open | 22 November 2024 |
| Issue Close | 06 December 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Technology |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty India Digital TRI |
About Benchmark Index for this NFO?
NSE Indices has developed the Nifty India Digital Index which aims to track the performance of portfolio of stocks that broadly represent the India Digital theme. The largest 30 stocks from eligible basic industries are chosen based on 6 month average free-float market capitalisation. The weight of the stocks in the index is based on their free-float market capitalization. Sector weights are capped at 50% each and stock weights are capped at 7.5% each.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty India Digital Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 30 |
| Launch Date | December 14, 2021 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annual |
Fund Managers of HDFC Nifty India Digital Index Fund
1) Nirman S. Morakhia
Education: Mr. Morakhia has done BMS and MBA – Financial Markets
Experience: Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
2) Arun Agarwal
Education: Mr. Agarwal is a B.Com. and Chartered Accountant
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
AMC
HDFC Asset Management Company Ltd
Address: “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in HDFC Nifty India Digital Index Fund NFO?
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Quicklinks
https://sahifund.com/review-of-hdfc-nifty-india-digital-index-fund-nfo/