HDFC Mutual Fund has filed offer document with SEBI to launch an open ended exchange traded fund scheme named as “HDFC Nifty ETF”. The New Fund Offer price is Rs 100 per unit. Entry and exit load charges will be nil for the scheme. The scheme does not offer any Plans/Options and seeks to collect a Minimum Target Amount of Rs 10 crore.
The scheme will be benchmarked against CNX Nifty Index. The minimum application amount is Rs 5,000 per application and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the CNX Nifty Index subject to tracking errors.
The scheme will be benchmarked against CNX Nifty Index. The minimum application amount is Rs 5,000 per application and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the CNX Nifty Index subject to tracking errors.
No comments:
Post a Comment