HDFC Index Fund Nifty 50 Plan-Direct Plan

About HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth

The primary intention of HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth is to track and emulate the performance of the NSE Nifty 50 index. This is made possible by having the same asset allocation as that of the NSE Nifty 50 index.

Pros and Cons of HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth

The most significant advantage of investing in this fund is that you gain exposure to a portfolio constituted by top-performing stocks across all sectors. It is very easy to track the performance of this fund. On the flip side, the fund can be volatile at times.

Fund Information and Statistics

i) Inception/Launch Date

HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth has been clubbed under the 'moderately high risk' category of mutual funds by HDFC Mutual Fund.

iii) Redemption

Since HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth is an open-ended mutual fund plan, you can sell your fund units at any time.

iv) Fund Manager

Mr Krishna Kumar Daga and Mr Arun Agarwal are the current fund managers of HDFC Index Fund-NIFTY 50 Plan - Direct Plan - Growth.

v) Entry/Exit load

An exit load of 0.25% is payable on selling your units within three days from the date of allotment. There is no entry load as per the regulations of the Indian securities market regulator.

About HDFC Mutual Fund

HDFC Mutual Fund is being sponsored by Standard Life Investments Ltd and Housing Development Finance Corporation Ltd. The fund house was incorporated on 10 December 1999 with HDFC Trustee Company Limited as its trustee company. HDFC Mutual Fund is now a leading asset management company in India. It's assets under management touched a massive Rs 3,56,183.42 crore as of June 2020.