HDFC Nifty Realty Index Fund NFO review

The Indian real estate sector, after a decade of consolidation, is witnessing a resurgence due to rising per capita income, improving affordability, increasing urbanisation and supportive government initiatives. To capitalise on this opportune moment, HDFC Asset Management Company (AMC) has launched a new fund that will track India's real estate index (Nifty Realty Index (TRI) HDFC Nifty Realty Index Fund, a passive fund, will be the first of its kind to replicate the performance of the real estate index. The new fund has been open for investors to subscribe to since March 7, 2024. The closing date is March 21, 2024. Here are the details you need to know about HDFC Nifty Realty Index Fund's NFO (new fund offer): NFO snapshot Fund name HDFC NIFTY Realty Index Fund SEBI category Index fund NFO period March 7 to March 21, 2024 Investment objective To achieve returns similar to those of the NIFTY Realty Index (TRI), subject to tracking error Where will the fund invest Minimum 95 per cent investment in Nifty Realty ind