NFO Alert: HDFC Mutual Fund launches HDFC NIFTY200 Momentum 30 Index Fund; all you need to know

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₹100 per plan/option and in multiples of Re 1. There is no upper limit for investment.

The asset allocation under the scheme, under normal circumstances, will be as follows:Particulars Allocation Risk ProfileSecurities covered by the NIFTY200 Momentum 30 Index95 % - 100%Very HighDebt Securities & Money Market Instruments, units of Debt Schemes of Mutual Funds0 % - 5%Low to Medium To date, many asset management companies (AMCs) have launched such momentum-based index funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include:Mutual Fund HouseName of the fundMotilal Oswal Mutual FundMotilal Oswal Nifty 200 Momentum 30 Index FundBandhan Mutual Fund Bandhan Nifty 200 Momentum 30 Index FundICICI Prudential Mutual FundICICI Prudential Nifty 200 Momentum 30 Index FundUTI Mutual FundUTI Nifty200 Momentum 30 Index Fund The performance of the scheme is benchmarked against the Nifty200 Momentum 30 Index (TRI).

The index has been chosen as the benchmark since the scheme will invest in stocks that 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.

The Trustee reserves the right to change the benchmark for the performance of the scheme in conformity with the investment objectives and appropriateness of the benchmark subject to SEBI (MF) Regulations, and other prevailing guidelines, if any by suitable notification to the investors to this effect. This scheme involves no “Entry Load", which means that investors do not have to pay anything to park their earnings in this scheme.

The “Exit Load" is also “Nil". Nirman