HDFC Mutual Fund Launches Nifty Top 20 Equal Weight Index Fund for Balanced Large-Cap Investment

Varahi media.com online news,Mumbai, March 12, 2025: HDFC Asset Management Co. Ltd., the investment manager of HDFC Mutual Fund (HDFC MF), has launched the HDFC Nifty Top 20 Equal Weight Index Fund, a passively managed fund designed to replicate the performance of the Nifty Top 20 Equal Weight Total Returns Index. The New Fund Offer (NFO) opens on March 7, 2025, and closes on March 21, 2025.

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This scheme is ideal for investors looking to participate in the long-term growth of India’s leading blue-chip companies while benefiting from an equal-weighted investment approach. Unlike traditional market capitalization-based indices, this fund allocates an equal 5% weightage to each of the top 20 stocks from the Nifty 50 Index, minimizing concentration risk and ensuring balanced exposure across market leaders. The index composition is reviewed and rebalanced quarterly to maintain a well-diversified portfolio.

Broad-based Large-cap Exposure – Invests in the top 20 Nifty stocks selected based on free-float market capitalization over six months.
Equal-weighted Allocation – Ensures each stock holds a 5% weight, reducing dependence on any single stock.
Long-term Growth Potential – Aims to offer investors a structured way to participate in the performance of India’s leading companies.
Low Investment Threshold – Investors can start with a minimum investment of ₹100 during both the NFO period and continuous offering period.

The fund will be actively managed by Mr. Nirman Morakhia and Mr. Arun Agarwal, leveraging HDFC Mutual Fund’s decades of experience in index-based investment solutions.

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Navneet Munot, Managing Director & CEO of HDFC Asset Management Company Limited, commented:“At HDFC Mutual Fund, we strive to provide investors with innovative solutions that help them achieve their financial goals. The launch of the HDFC Nifty Top 20 Equal Weight Index Fund aligns with our commitment to offering a diversified and structured investment approach, empowering investors to tap into the potential of India’s leading large-cap companies.”

The HDFC Nifty Top 20 Equal Weight Index Fund is an offering by HDFC Asset Management Company Limited and is not sponsored, endorsed, sold, or promoted by NSE Indices Limited. NSE Indices Limited does not provide any warranties or representations regarding the performance of this product. Investors are advised to carefully read the Scheme Information Document (SID) before making any investment decisions.

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