HDFC NIFTY50 Equal weight Index Fund - Growth Option

HDFC NIFTY50 Equal weight Index Fund - Growth Option is a scheme launched by HDFC Mutual Fund on August 18, 2021, and falls under the Index fund category. It currently manages an AUM of Rs 1,525.86 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.86% for managing the portfolio.

• Investing Strategy:

  To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY50 Equal Weight Index TRI (Underlying Index), subject to tracking error.

• Performance:

  HDFC NIFTY50 Equal weight Index Fund - Growth Option trailing returns over different times are -1.49% (1 year), 16.03% (3 year) and 0% (5 year). The average annual return of this fund stands at 9.52%.