Published: 02nd July 2024
By: Value Research
HDFC AMC has launched its latest NFO – the HDFC Nifty 100 Low Volatility 30 Index Fund. The passively-managed fund opened for subscription on June 21, 2024, and will close on July 5, 2024.
Those seeking long-term wealth creation by investing in stocks with low price volatility can consider investing in this fund.
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.
The fund will be benchmarked against the Nifty 100 Low Volatility 30 TRI (Total Returns Index). The index picks 30 stocks (from the Nifty 100) whose prices fluctuate the least in the last 12 months.
The fund will follow a passive investment strategy and aim to replicate its benchmark – the Nifty 100 Low Volatility 30 TRI.
The fund will be jointly managed by Nirman S Morakhia and Arun Agarwal.
Or stick to tried-and-tested options such as diversified equity funds? Find out by clicking the link below.