HDFC MF has announced the launch of two funds - HDFC Nifty Private Bank ETF and HDFC Nifty IT ETF. This is in order to expand their suite of HDFC MF Index Solutions, which was managed by HDFC MF for the past 20 years.
These funds offers exposure to the growing IT and Private Bank space. The captioned NFOs opened on October 28, 2022, and will close on November 9, 2022.
Both the funds consist of 10 largest stocks on the respective sectors listed on NSE, and they are rebalanced semi-annually on March and September.