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The HDFC NIFTY200 Momentum 30 Index Fund, launched by HDFC Mutual Fund on February 9th, 2024, is an open-ended index fund aiming to mirror the performance of the NIFTY200 Momentum 30 Index TRI. With a minimum investment of Rs 100 and no entry load, it passively tracks the index, offering investors exposure to the 30 top-performing large-cap stocks based on momentum within the NIFTY200 index. The new fund offers close on February 23rd, 2024.
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 (Underlying Index), subject to tracking error.
Investors seeking gains consistent with the long-term performance of the NIFTY200 Momentum 30 Index (TRI) with tracking inaccuracy may find this NFO appealing. investment in-stock products that are part of the NIFTY200 Momentum 30 Index.
Risk-o-meter – Very High Risk
| Types of Instruments | Minimum Allocation | Maximum Allocation | Risk Profile |
| Securities covered by NIFTY200
Momentum 30 Index |
95% | 100% | Very High |
| Debt Securities & Money Market
Instruments, units of Debt Schemes of Mutual Funds* |
0% | 5% | Low to Medium |
*Investments will be made in Cash or cash equivalents i.e. Government Securities, T-Bills and Repo on Government Securities, units of Liquid and Overnight Mutual Fund Schemes for liquidity purposes.
The above Index has been chosen as the benchmark since the Scheme will invest in stocks which are constituents of the NIFTY200 Momentum 30 Index. Thus, the composition of the aforesaid benchmark is such that it is most suited for comparing the performance of the Scheme.
Nirman Morakhia, Age: 39 years, Educational Qualification: M.B.A, B.M.S, and Collectively over 15 years of experience in equity dealing.
| Scheme Name | Launch Date | AUM (Crore) | Expense Ratio (%) | Returns as on – 20-02-2024 in % | ||||
| 2024 | 2023 | 2022 | 2021 | 2020 | ||||
| Kotak Nifty 200 Momentum 30 Index Fund Reg Gr | 15-06-2023 | 68.3261 | 0.89 | 10.35 | – | – | – | – |
| ICICI Pru Nifty 200 Momentum 30 Index Fund Gr | 05-08-2022 | 106.1027 | 0.99 | 10.45 | 39.27 | – | – | – |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund Reg | 10-02-2022 | 318.1343 | 1.01 | 10.59 | 40.22 | – | – | – |
| Bandhan Nifty 200 Momentum 30 Index Fund Reg Gr | 02-09-2022 | 51.1017 | 1.07 | 10.62 | 39.37 | – | – | – |
| UTI Nifty 200 Momentum 30 Index Fund Reg Gr | 10-03-2021 | 4120.9001 | 0.92 | 10.63 | 40.67 | -5.95 | – | – |
| All Index Fund | – | – | – | 3.78 | 21.46 | 1.91 | 27.96 | 15.29 |
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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