2024-01-15 17:11:21
HDFC Mutual Fund has launched HDFC Nifty PSU Bank ETF on January 13. It is an open source program that replicates/tracks Nifty PSU Bank Index.Samayam Tamil
The project will open for public subscription on January 12, 2024 and close on January 23, 2024. The scheme will be opened for resale and repurchase within five business days from the date of allotment.
It is an open-ended exchange-traded fund scheme that mirrors/tracks the Nifty PSU Bank Index. This fund is suitable for long term investors. There is no Entry Fee and Exit Load.
The return (before fees and expenses) of the NIFTY PSU Bank Index (TRI) is subject to observational error over the long run. NIFTY invests in securities comprising the PSU Bank Index (TRI).
If you want to invest in this scheme the minimum amount is just 500 rupees. There is no upper limit. NIFTY consists of 95% investments in securities covered by PSU Bank Index (TRI).
Similarly, some of the funds are held by many leading mutual fund companies. It is noteworthy that Nippon India ETF Bank BeES, ICICI Prudential Bank ETF (Nifty Bank ETF), SBI-ETF Nifty Bank, KotakBETF are also currently giving profit.
Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.
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