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HDFC MF launches HDFC NIFTY Next 50 Index Fund – Should you invest?
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HDFC Asset Management Company has announced the launch of New Fund Offer – HDFC NIFTY Next 50 Index Fund — for investors looking for returns that are commensurate with the performance of NIFTY Next 50 Index, subject to tracking error. NIFTY Next 50 Index represents 50 companies from NIFTY 100 after excluding the constituents of the NIFTY 50 Index.
As per the company, HDFC NIFTY Next 50 Index Fund aims to offer an opportunity to benefit from the growth of a basket of ‘tomorrow’s potential NIFTY 50 companies’ in a disciplined manner. The New Fund Offer (NFO) will open for subscription from October 22, 2021, till October 29th, 2021.
The NFO will be suitable for investors looking for a simple yet cost-effective way of investing in ‘Next Top 50’
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