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HDFC Mutual Fund launches a NIFTY200 Momentum 30 Index Fund

18 September 20244 mins read by Angel One
In the following article we shed light on the new NFOs, their objectives, fund allocation, fund managers, and peer performance.
HDFC Mutual Fund launches a NIFTY200 Momentum 30 Index Fund
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The HDFC NIFTY200 Momentum 30 Index Fund, launched by HDFC Mutual Fund on February 9th, 2024, is an open-ended index fund aiming to mirror the performance of the NIFTY200 Momentum 30 Index TRI. With a minimum investment of Rs 100 and no entry load, it passively tracks the index, offering investors exposure to the 30 top-performing large-cap stocks based on momentum within the NIFTY200 index. The new fund offers close on February 23rd, 2024.

Investment Objective

The investment objective of the Scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY200 Momentum 30 Index TRI (Underlying Index), subject to tracking error.

Investors seeking gains consistent with the long-term performance of the NIFTY200 Momentum 30 Index (TRI) with tracking inaccuracy may find this NFO appealing. investment in-stock products that are part of the NIFTY200 Momentum 30 Index.

Risk-o-meter – Very High Risk

Funds Allocation

Types of Instruments Minimum Allocation Maximum Allocation Risk Profile
Securities covered by NIFTY200

Momentum 30 Index

95% 100% Very High
Debt Securities & Money Market

Instruments, units of Debt Schemes of

Mutual Funds*

0% 5% Low to Medium

*Investments will be made in Cash or cash equivalents i.e. Government Securities, T-Bills and Repo on Government Securities, units of Liquid and Overnight Mutual Fund Schemes for liquidity purposes.

Benchmark

The above Index has been chosen as the benchmark since the Scheme will invest in stocks which are constituents of the NIFTY200 Momentum 30 Index. Thus, the composition of the aforesaid benchmark is such that it is most suited for comparing the performance of the Scheme.

Fund Manager

Nirman Morakhia, Age: 39 years, Educational Qualification: M.B.A, B.M.S, and Collectively over 15 years of experience in equity dealing.

Peer Index Funds and Historical Returns 

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as on – 20-02-2024 in %
2024 2023 2022 2021 2020
Kotak Nifty 200 Momentum 30 Index Fund Reg Gr 15-06-2023 68.3261 0.89 10.35
ICICI Pru Nifty 200 Momentum 30 Index Fund Gr 05-08-2022 106.1027 0.99 10.45 39.27
Motilal Oswal Nifty 200 Momentum 30 Index Fund Reg 10-02-2022 318.1343 1.01 10.59 40.22
Bandhan Nifty 200 Momentum 30 Index Fund Reg Gr 02-09-2022 51.1017 1.07 10.62 39.37
UTI Nifty 200 Momentum 30 Index Fund Reg Gr 10-03-2021 4120.9001 0.92 10.63 40.67 -5.95
All Index Fund 3.78 21.46 1.91 27.96 15.29

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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