HDFC Mutual Fund has filed the scheme information deed (SID) with the capital market regulator, the Securities and Exchange Board of India (SEBI) for HDFC NIFTY PSU Bank ETF Fund of Fund. It is an open-ended fund of fund scheme investing in HDFC NIFTY PSU Bank ETF. The benchmark for the scheme is NIFTY PSU Bank Index (TRI) since the scheme will invest in stocks which are constituents of NIFTY PSU Bank Index (TRI).
The investment objective of this upcoming NFO is to provide long-term capital appreciation from a portfolio investing in units of HDFC NIFTY PSU Bank ETF. There is no assurance that the investment objective of the Scheme will be achieved.
The fund manager of the scheme shall buy/sell HDFC NIFTY PSU Bank ETF units either directly with the Fund or through the secondary market on the Stock Exchange(s). Investment in debt securities will be guided by credit quality liquidity, interest rates and their outlook.
AbhishekMor is the fund manager of the scheme, who has collectively over 7 years experience in Equity Dealing. He is a Chartered Accountant and CFA Level 1. He has previously managed HDFC NIFTY Growth Sectors 15 ETF, HDFC Nifty IT ETF and others
Arun Agarwal is the co-fund manager, who has experience of more than 26 years in equity, debt and derivative dealing, fund management, internal audit and treasury operations.
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.
Published on: Apr 2, 2025, 11:59 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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