NFO Alert: HDFC Mutual Fund Launches Nifty Metal ETF FoF

HDFC Mutual Fund has launched the HDFC Nifty Metal ETF Fund of Fund (FoF), with the New Fund Offer (NFO) opening for subscription on 20 July 2026. The subscription period will remain open until 3 August 2026. The scheme is an open-ended fund of fund categorised under Equity – Sectoral/Other. 

Investors can subscribe with a minimum investment of ₹100. The scheme is available under the Growth plan and does not have a lock-in period. 

Investment Structure 

According to the scheme information, the fund's investment objective is to generate returns by investing predominantly in units of the HDFC Nifty Metal ETF.  

It will not invest directly in shares of metal companies. Instead, it will hold units of the underlying exchange-traded fund, which is designed to mirror the performance of the NIFTY Metal Total Return Index (TRI). 

As a result, the fund's returns will broadly reflect the performance of the underlying ETF, subject to expenses and tracking differences. 

Risk and Charges 

The scheme has been assigned a 'Very High' risk rating under the Riskometer, indicating that it carries the risks associated with a sector-focused equity investment. The benchmark for the scheme is the NIFTY Metal TRI. 

An exit load of 1% will be charged if units are redeemed within 15 days from the date of allotment. No exit load will apply on redemptions made after the 15-day period. 

Fund Management 

The scheme will be managed by Arun Agarwal and Nandita Menezes. As a fund of fund, its portfolio will consist primarily of units of the HDFC Nifty Metal ETF rather than individual securities. The performance of the scheme will therefore be linked to the movement of the underlying ETF and the metal sector index it tracks. 

Read More: Helios Mid Cap Fund Raises Holdings in Paytm, NBCC and 28 Other Stocks During June 2026! 

Conclusion 

The scheme will remain available for subscription until 3 August 2026. It is an open-ended fund of fund that invests in the HDFC Nifty Metal ETF and is benchmarked against the NIFTY Metal TRI. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.