HDFC and DSP Mutual Fund New Fund Offers Open for Subscription

HDFC Mutual Fund and DSP Mutual Fund have announced the launch of New Fund Offers (NFOs)  scheduled to open for subscription on April 28, 2025. The schemes focus on short-term debt exposure and silver investments, respectively.

HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund

HDFC Mutual Fund has launched the HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund. The New Fund Offer (NFO) will open for subscription on April 28, 2025, and close on May 5, 2025. Units will be offered at a face value of ₹10 each.

The scheme’s objective is to generate returns that correspond, before expenses, to the performance of the CRISIL-IBX Financial Services 3-6 Months Debt Index, subject to tracking difference. There is no assurance that the objective will be achieved.

This is an open-ended scheme classified under the Debt – Income Funds category. It follows a Growth investment plan and is marked as low to moderate risk based on the Riskometer. Both Direct Plan and Regular Plan options are available. The expense ratio and any exit load applicable have not been disclosed yet.

The minimum investment amount for the scheme is ₹100, and subsequent investments can also be made starting from ₹100. There is no specified multiple for additional investments. Stamp duty charges will apply as per regulatory requirements. The allotment of units is scheduled for May 5, 2025.

DSP Silver ETF Fund of Fund

DSP Mutual Fund has announced the launch of the DSP Silver ETF Fund of Fund. The NFO will open on April 28, 2025, and close on May 9, 2025.

This open-ended fund will primarily invest in units of the DSP Silver ETF, which tracks the domestic price of physical silver based on the London Bullion Market Association (LBMA) daily silver spot price. The scheme aims to generate returns that correspond to the performance of its benchmark but does not guarantee results.

The minimum investment amount is ₹100. There are no entry or exit loads applicable. The fund will be managed by Mr. Anil Ghelan and Mr. Diipesh Shah. NAVs will be updated daily on the AMC and AMFI websites. At the time of launch, units will not be listed on stock exchanges, although listing may be considered later.

Read More: NFO Alert: SBI Mutual Fund Launches New Arbitrage-Based Fund of Fund

Conclusion

Both HDFC Mutual Fund and DSP Mutual Fund have announced new fund offerings opening on April 28, 2025. Investors interested in either scheme are advised to review the respective scheme information documents for detailed terms and conditions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.