Around 10 new fund offers were index schemes. Index Funds - Other category included index schemes based on Nifty Smallcap 50 Index, Nifty 500 Value 50 Index, Nifty Microcap 250 Index, and Nifty Financial Services Ex-Bank Index.
“The Scheme enables investors to donate part of the income generated to the Indian Cancer Society to support the treatment of underprivileged cancer patients. The noble mission is to make a meaningful impact on the lives of those fighting this formidable battle. Together, as we invest in both financial growth and human well-being, we can create a future where hope and healing become accessible to all,” said Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company.
From being a dealer and a sell-side broker to becoming the Chief Executive Officer of India’s third-largest fund house, HDFC AMC, Navneet Munot has come a long way. But at the HDFC group, which is going through a historic transformation, Munot has just got started.
As per the scheme information document dated April 28, 2023, the scheme has 1,619,927 folios, the highest among all open ended equity schemes offered by the fund house.