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HDFC Mutual Fund seeks SEBI nod to launch low volatility ETF

The open-ended exchange-traded scheme will invest up to 95 percent of its assets in securities covered by the S&P BSE Low Volatility Index

July 24, 2018 / 02:00 PM IST
No 5 | Company name: HDFC Asset Management Company | Market Cap: Rs 61,469 crore | Price return: 101% (Image: PTI)

No 5 | Company name: HDFC Asset Management Company | Market Cap: Rs 61,469 crore | Price return: 101% (Image: PTI)


HDFC Mutual Fund has sought Securities and Exchange Board of India's approval to launch HDFC Low Volatility ETF, according to the draft offer document filed on the regulator's website.

The open-ended exchange-traded scheme will invest up to 95 percent of its assets in securities covered by the S&P BSE Low Volatility Index, while the remaining will be deployed in debt and money market instruments, excluding subscription and redemption cash flow.

Other features:

* Minimum application: Rs 5,000 and in multiples of one rupee thereafter
* Exit load: Nil
* Performance benchmark: S&P BSE Low Volatility Index (Total Returns            Index)

* Fund managersKrishan Kumar Daga, Anil Bamboli and Vinay Kulkarni


Moneycontrol News
TAGS: #Business #HDFC Mutual Fund #MF News #SEBI
first published: Jul 24, 2018 02:00 pm

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