HDFC Asset Management Company announced the launch of two New Fund Offers (NFOs) - HDFC Nifty 100 Index Fund and HDFC Nifty 100 Equal Weight Index Fund.
Both NFOs are aimed at investors who are looking for returns that are commensurate with the performance of the Nifty 100 Index and Nifty 100 Equal Weight Index respectively, subject to tracking errors.
The NFOs will open on February 11, 2022, and close on February 18, 2022. Indian large caps (as represented by constituents of the NIFTY 100 Index) represent 68% of the Indian listed space by market cap as of December 31, 2021.
The twin NFOs allow investors to invest in the largest companies in India that are part of the Nifty 100 Index. While the Nifty 100 Index gives weights based on free-float market cap, the Nifty 100 Equal Weight Index gives equal weights to all constituents.
