HDFC S&P BSE 500 Index Fund NFO Review, Offer Details

HDFC S&P BSE 500 Index Fund NFO

Updated on 17 Oct, 2023

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HDFC Mutual Fund is launching a new index fund, HDFC S&P BSE 500 Index Fund, that seeks to track the S&P BSE 500 Index closely and aims to achieve returns of the index, subject to tracking errors.

The New Fund Offer (NFO) period for the HDFC S&P BSE 500 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 S&P BSE 500 Index TRI (Underlying Index), subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.

HDFC S&P BSE 500 Index Fund

Fund Name	HDFC S&P BSE 500 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
Exit Load	Nil
Suitability	Very High Risk
Benchmark	S&P BSE 500 Total Returns Index (TRI)
Plans and Options	Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option

NOTE:

All additional investment amounts should be multiple of INR 100/-
Minimum SIP/SWP/STP for monthly frequency is INR 100/-

Who Can Invest in HDFC S&P BSE 500 Index Fund NFO?

The HDFC S&P BSE 500 Index Fund is an investment fund that closely mirrors the S&P BSE 500 Index by investing in the top 500 companies listed on BSE. As a result, individuals who are comfortable with high-risk investments and desire exposure to an equity scheme may want to consider investing in this fund. It’s crucial to note that since the fund invests in the top 500 companies listed on BSE, it comes with a high level of risk, and investors should be well-informed of the associated risks. Furthermore, the fund requires a minimum investment time frame of 5 years or more.

Fund Manager

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

Asset Allocation

Types of Instruments	Minimum Allocation	Maximum Allocation	Risk Profile
Securities covered by S&P BSE 500 Index	95%	100%	Very High
Debt Securities & Money Market Instruments, units of Debt Schemes of Mutual Funds	0%	5%	Low to Medium

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Frequently Asked Questions

How Can I Invest in the HDFC S&P BSE 500 Index Fund?

You can invest in the HDFC S&P BSE 500 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.
Online:
HDFC Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent

Is HDFC S&P BSE 500 Index Fund risky?

Yes, it is a very high-risk investment based on the riskometer. HDFC S&P BSE 500 Index Fund is an index fund that closely tracks the S&P BSE 500 Index. The fund invests majorly across top 500 companies listed on BSE.

Is there a lock-in period for HDFC S&P BSE 500 Index Fund?

No, the HDFC S&P BSE 500 Index Fund has no lock-in period.

When will the scheme open for ongoing subscriptions, switches and redemptions?

The HDFC S&P BSE 500 Index Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.