HDFC Nifty 100 Low Volatility 30 Index Fund NFO: Risks and opportunities

HDFC AMC launched its latest passive fund offering, the HDFC Nifty 100 Low Volatility 30 Index Fund. This fund will invest in large-cap stocks with the lowest price fluctuations over the last year. It opened for subscription on June 21, 2024, and will remain available until July 5, 2024. Below are the key details of the NFO (new fund offer). NFO at a glance Fund name HDFC Nifty 100 Low Volatility 30 Index Fund SEBI category Index fund Scheme type Open-ended NFO period June 21-July 5, 2024 Benchmark Nifty 100 Low Volatility 30 Total Returns Index (TRI) Fund manager(s) Nirman S Morakhia and Arun Agarwal Exit load Nil Taxation If the units are sold after a year, a 10 per cent tax will be applicable on gains exceeding Rs 1 lakh. If the units are sold within a year of purchase, a 15 per cent tax will be levied. About the fund The HDFC Nifty 100 Low Volatility 30 Index Fund is a passive, open-ended fund that aims to generate returns by replicating the performance of the Nifty 100 Low Volatility 30 TRI. Four other AMCs have launched such funds previously, all of which have given double-digit returns since inception. Funds replicating the Nifty 100 Low Volatility 30 TRI All of them have delivered impressively since launch Fund name Launch date Returns since inception (%) ICICI Prudential Nifty 100 Low volatility 30 ETF July 03,2017 15.74 Kotak Nifty 100 Low volatility 30 ETF March 23,2022 21.09 Bandhan Nifty 100 Low Volatility 30 Index Fund October 06,2022 24.60 Mirae Nifty 100 Low volatility 30 ETF