Objective
The HDFC Nifty 100 ETF aims to generate returns (before expenses) that closely correspond to the total returns of the Securities as represented by the Nifty 100 Index, subject to tracking errors. There is no assurance that the fund’s investment objective will be realized.
Fund Details
| HDFC NIFTY 100 ETF | Details |
| NFO Opening Date | July 25th 2022 |
| NFO Closing Date | August 1st 2022 |
| Type of Fund | Open-ended ETF scheme |
| Fund Manager | Mr. Krishan Kumar Daga, Mr. Arun Agarwal |
| Minimum Investment Amount | INR 500 |
| Exit Load | Nil |
| Suitability | Very High |
| Benchmark | Nifty 100 Index TRI |
| Plans and Options | Not Available |
Who Can Invest?
HDFC Nifty 100 ETF is an open-ended scheme that invests across the top 100 large-cap stocks. The ETF aims to track the Nifty 100 index closely.
Since the ETF fund invests across the Nifty 100 stocks, it is classified as a very high-risk investment according to the riskometer. Thus, it is aimed at investors seeking long-term wealth creation by investing in large-cap stocks.
Investors seeking exposure to equity investments can consider HDFC Nifty 100 ETF. However, a long-term investment horizon (5+ years) is necessary.
Popular Funds by the HDFC Mutual Funds
- HDFC Gold Fund
- HDFC Floating Rate Debt Wholesale Plan
- HDFC Overnight Fund
- HDFC Balanced Advantage Fund
- HDFC Small Cap Fund
- HDFC Mid Cap Opportunities Fund
Fund Manager
Mr. Krishan Kumar Daga
Mr Krishan has more than 30 years of industry experience. He is the Senior Fund Manager at HDFC AMC and manages arbitrage funds, equity saving funds, multi-asset funds, ETFs (Nifty, Sensex, Gold), index funds (Nifty, Sensex) and gold funds. Prior to joining HDFC AMC, he was with Reliance Mutual Fund, Deutsche Bank, Batlivala & Karani Securities India Pvt. Ltd., Brics Securities, J.P. Morgan, and HSBC.
Mr Daga is a Chartered Accountant and also holds a B.Com degree from B.J.S. Rampuria Jain College.
Mr. Arun Agarwal
Mr Arun Agarwal has been working with HDFC since August 2020. Prior to joining HDFC AMC, he was with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, and also UTI Asset Management Pvt. Ltd. He is a Chartered Account and also holds a B.com Degree.
Asset Allocation
HDFC Nifty 100 ETF invests in the same stocks as the Nifty 100 Index. The following is the indicative asset allocation of the fund.
| Types of Instruments | Indicative Allocation Minimum | Indicative Allocation Maximum | Risk Profile |
| Equity & Equity related instruments constituting Nifty 100 Index | 95% | 100% | Medium to High |
| Debt & Money Market Instruments, but excluding subscription and Redemption Cash Flow | 0 | 5% | Low to Medium |
Concluding Remarks
HDFC Nifty 100 ETF NFO invests across 100 large-cap stocks. The HDFC Nifty 100 ETF aims to replicate the Nifty 100 Index performance. HDFC Nifty 100 ETF fund primarily invests in the same stocks and in the same proportions as the Nifty 100 Index. Thus, the fund aims to generate long-term wealth for investors by investing across the top 100 large-cap stocks. Exposure to the top 100 companies based on full market capitalisation may give better market representation. This ETF tracks the behaviour of the combined portfolio of Nifty 50 and Nifty Next 50.
Investors who wish to get exposure to large-cap stocks can consider HDFC Nifty 100 ETF. Since HDFC Nifty 100 ETF is a pure equity scheme, a long-term investment horizon is recommended.
Frequently Asked Questions
You can invest in the HDFC Nifty 100 ETF NFO through any of the following methods:
Offline: By filling out the HDFC Nifty 100 ETF NFO application and submitting it along with all documents and cheques to the nearest Investor Service Center of CAMS or HDFC mutual fund office.
Online:
1. HDFC Mutual Fund Website
2. Online FinTech platforms and mutual fund platforms
3. Through demat account
4. Through a mutual fund distributor or agent
According to the riskometer it is a very high-risk investment. HDFC Nifty 100 ETF is a pure equity mutual fund that invests in the top 100 large-cap stocks by market capitalisation. Thus, the scheme falls under the very high-risk category. Investors must be aware of the risks associated with equity investments and also, and the scheme doesn’t guarantee any returns.
HDFC Nifty 100 ETF doesn’t have a lock-in period. Since the ETF units get listed on the stock market, they are traded on exchanges.