HDFC Mutual Fund is launching a new index fund, HDFC Nifty Smallcap 250 Index Fund, that seeks to track the NIFTY Smallcap 250 Index closely and aims to achieve returns of the index, subject to tracking errors.
The New Fund Offer (NFO) period for the HDFC Nifty Smallcap 250 Index Fund is from 6th April 2023 to 18th April 2023. The scheme re-opens for continuous repurchase and sale within 5 business days from the date of allotment.
Investment Objective: To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Smallcap 250 Index TRI (Underlying Index), subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.
HDFC Nifty Smallcap 250 Index Fund
|Fund Name||HDFC Nifty Smallcap 250 Index Fund|
|NFO Opening Date||6th April 2023|
|NFO Closing Date||18th April 2023|
|Re-open Date||Within 5 business days from the date of allotment|
|Type of Fund||Index Fund|
|Fund Manager||Mr Nirman MorakhiaMr Arun Agarwal|
|Minimum Investment Amount||INR 100|
|Minimum Additional Purchase Amount||INR 100|
|Suitability||Very High Risk|
|Benchmark||NIFTY Smallcap 250 Index TRI|
|Plans and Options||Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option|
- All additional investment amounts should be multiple of INR 1/-
- Minimum SIP/SWP/STP for monthly frequency is INR 100/-
Who Can Invest in HDFC Nifty Smallcap 250 Index Fund NFO?
HDFC Nifty Smallcap 250 Index Fund is an index fund that invests in 250 smallcap companies that closely track the Nifty Smallcap 250 Index. Therefore, investors seeking exposure to an equity scheme and smallcap companies having high-risk tolerance levels can consider investing in the scheme. Since small-cap companies are highly volatile, this is a high-risk investment. Thus, investors must be well aware of the associated risks. This smallcap fund requires a minimum investment horizon of 5 years or more.
Mr Nirman Morakhia
Mr Nirman has more than 14 years of experience in the Indian markets. Prior to joining HDFC Mutual Fund, he worked with Mirae Asset Global Investment Management India Pvt. Ltd. Mr Nirman holds a B.M.S and M.B.A degree in Financial Markets.
Mr Arun Agarwal
Mr Agarwal has been working with HDFC since August 2020. Prior to working with HDFC AMC, he was with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, and also UTI Asset Management Pvt. Ltd. He holds a B.com Degree and is also a Chartered Account.
Popular Funds by HDFC Mutual Fund
- HDFC Banking & Financial Services Fund
- HDFC Dividend Yield Fund
- HDFC Flexi Cap Fund
- HDFC Mid Cap Opportunities Fund
- HDFC Infrastructure Fund
|Types of Instruments||Minimum Allocation||Maximum Allocation||Risk Profile|
|Securities covered by NIFTY Smallcap 250 Index||95%||100%||High|
|Debt Securities & Money Market Instruments, units of Debt Schemes of Mutual Funds||0%||5%||Low to Medium|
Similar Mutual Funds
- Edelweiss Nifty Smallcap 250 Index Fund
- SBI Nifty Smallcap 250 Index Fund
- Motilal Oswal Nifty 200 Momentum 30 Index Fund
- Motilal Oswal S&P BSE Low Volatility Index Fund
- Bandhan Nifty100 Low Volatility 30 Index Fund
Frequently Asked Questions
You can invest in the HDFC Nifty Smallcap 250 Index Fund through any of the following methods:
Offline: By filling out the HDFC NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or HDFC mutual fund office.
HDFC Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
Yes, it is a very high-risk investment based on the riskometer. HDFC Nifty Smallcap 250 Index Fund is an index fund that closely tracks the Nifty Smallcap 250 Index. The fund invests majorly across 250 small cap companies.
No, the HDFC Nifty Smallcap 250 Index Fund has no lock-in period.
The HDFC Nifty Smallcap 250 Index Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.