Upcoming NFO: HDFC Mutual Fund has Filed SID for HDFC NIFTY PSU Bank ETF FoF

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).

Investment Objective

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.

Investment Strategy

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.

• Units of HDFC NIFTY PSU Bank ETF.
• Government Securities, T-Bills and Repo on Government Securities, units of Liquid and Overnight Mutual Fund Schemes.
• Short Term Deposits.
• Repo/ Reverse Repo / Tri- Party repos (TREPS) on Government Securities and Treasury Bills (G-Secs and T-Bills).

Fund Managers

Abhishek Mor

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

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.

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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.