HDFC Nifty India Digital Index Fund Review – HDFC Nifty India Digital Index Fund Review Direct NFO Open on 22 November 2024 and Close on 06 December 2024. HDFC Nifty India Digital Index Fund Direct NFO Allotment Date is 11 December 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open ended scheme replicating/tracking Nifty India Digital Index (TRI).
Scheme Benchmark : Nifty India Digital Index (TRI). The benchmark is also referred to as “Underlying Index” in this document. The above Index has been chosen as the benchmark since the Scheme will invest in stocks which are constituents of Nifty India Digital Index (TRI). Thus, the aforesaid benchmark is such that it is most suited for comparing the performance of the Scheme.
HDFC Nifty India Digital Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HCL Technologies Ltd. | 7.92 |
| PB Fintech Ltd. | 7.89 |
| Info Edge (India) Ltd. | 7.49 |
| Tata Consultancy Services Ltd. | 7.42 |
| Infosys Ltd. | 7.41 |
| Bharti Airtel Ltd. | 7.32 |
| Zomato Ltd. | 6.77 |
| Tech Mahindra Ltd. | 5.50 |
| Wipro Ltd. | 4.20 |
| One 97 Communications Ltd. | 4.02 |
HDFC Nifty India Digital Index Fund Important Date
| Scheme Offer | HDFC Nifty India Digital Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 22 Nov 2024 |
| Close Date | 06 Dec 2024 |
| Allotment Date | 11 Dec 2024 |
| Category | Index Fund |
| Min Inv ₹ | ₹100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty India Digital Index (TRI) |
Investment Objective of the Scheme ?
To generate returns that are commensurate (before fees and expenses) with the performance of the Nifty India Digital Index (TRI), subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.
HDFC Nifty India Digital Index Fund Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
HDFC Nifty India Digital Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities covered by Nifty India Digital Index (TRI) | 95% | 100% |
| Debt Securities & Money Market Instruments, Units of Debt Schemes of Mutual Funds | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Nirman Morakhia
Qualification : M.B.A – Financial Markets (Institute of Technology and Management, Navi Mumbai) B.M.S (Mumbai University)
Experience : Collectively over 16 years of experience in equity dealing. March 15, 2018 till date HDFC Asset Management Company Limited November 19, 2007- March 14, 2018 Mirae Asset Global Investment Management India Pvt. Ltd. Last Position held: Equity Dealer.
Fund Manger : Arun Agarwal
Qualification : B.Com., Chartered Accountant
Experience : Collectively over 26 years of experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations.
HDFC Nifty India Digital Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Information Technology | 51.27 |
| Consumer Services | 23.22 |
| Telecommunication | 13.60 |
| Financial Services | 11.91 |
HDFC Nifty India Digital Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -6.68 | 23.04 | 42.89 | 24.44 | 11.84 |
| Total Return | -6.47 | 24.18 | 44.37 | 26.00 | 13.28 |
Where Will the Scheme Invest ?
- Equity and equity related instruments.
- Debt and Money Market Instruments.
- Short Term Deposits.
- Units of mutual funds.
- Derivatives – Equity.
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