HDFC Mutual Fund is launching a new fund offer (NFO) for the HDFC Nifty 100 Quality 30 Index Fund, which will track the Nifty 100 Quality 30 Total Returns Index.
The NFO will be open for subscription from 31 January 2025 to 14 February 2025.
This fund is ideal for investors seeking a quality-first investment strategy aimed at long-term wealth creation.
Key Features of the Fund
The HDFC Nifty 100 Quality 30 Index Fund will invest in 30 stocks from the Nifty 100 Index, selected based on their Quality Score.
This score evaluates companies based on key financial parameters over the past five years, including:
Return on Equity (ROE)
Financial Leverage (Debt/Equity Ratio)
Earnings Growth Variability
By focusing on financially strong and stable companies, the fund aims to support long-term growth, as highlighted by Navneet Munot, Managing Director and CEO of HDFC AMC.
Performance and Investment Details
The fund’s benchmark, the Nifty 100 Quality 30 Total Returns Index, has achieved a CAGR of 13.6% from 1 October 2009 to 31 December 2024, outperforming the Nifty 100 TRI’s CAGR of 12.4%. However, past performance does not guarantee future results.
Investment Requirements and Risk
Minimum Investment: Rs 100
No Entry or Exit Load: There are no charges for buying or selling units.
Fund Managers: Nirman Morakhia and Arun Agarwal
As an equity fund, the HDFC Nifty 100 Quality 30 Index Fund is classified as Very High Risk on the riskometer. Investors should carefully assess their risk tolerance before making an investment.
The fund is managed by Nirman Morakhia and Arun Agarwal and is designed for long-term investors seeking to benefit from the growth of financially stable companies.
As an equity fund, it is classified as Very High Risk on the riskometer, so investors should consider their risk tolerance before investing.
