NFO Alert: HDFC Mutual Fund has launched HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund on Monday 28 April. It is an open-ended debt index fund designed to provide investors with a structured short-term fixed-income investment opportunity. This NFO of HDFC Mutual Fund has opened for subscription from today i.e. 28 April. Investors can invest in this new fund offer till 5 May 2025.
HDFC MF NFO: You can start investing from ₹ 100
In this New Fund Offer (NFO) of HDFC Mutual Fund, investors can start investing with a minimum of ₹ 100, and after that can invest in any amount. There is no lock in period and no exit load in this scheme. The benchmark of the scheme is CRISIL-IBX Financial Services 3 to 6 Months Debt. Anupam Joshi is the fund manager of this NFO.
HDFC MF NFO: What is the investment strategy?
According to the Scheme Information Document (SID), under this scheme, investors’ money will be invested primarily in instruments tracking the (CRISIL-IBX Financial Services 3-6 Months Debt Index). 95% to 100% of the total assets will be allocated to it. Apart from this, the scheme can also invest the remaining amount (from 0% to 5%) in debt securities, money market instruments and units of other debt mutual fund schemes.
HDFC MF NFO: Who should invest
According to the fund house, this NFO can prove to be better for investors who want to generate income through investing in instruments maturing in the short term and want to invest in an open-ended index fund tracking the CRISIL-IBX Financial Services 3-6 Months Debt Index. This strategy also makes it an attractive option for investors looking to generate potential income by investing on the short-term yield curve. According to the riskometer of this scheme, the amount invested in this fund will be in the range of low-to-moderate risk.