If you want to make profits in a long period by putting money in good companies at low risk, then HDFC AMC has brought a new fund for you! HDFC Nifty100 Quality 30 Index Fund can be subscribed from 31 January to 14 February 2025.
What is this new fund?
It is a passive index fund, which will follow the performance of Nifty100 Quality 30 Total Returns Index (TRI). Meaning, it will invest in 30 best companies that are known for strong balance sheets and financial growth.
HDFC AMC says that this fund will be excellent for investors who want long-term growth by investing in quality companies.
Why is this fund special?
- You can start investment from just ₹ 100.
- SIP’s ‘positive facility’ will be available, that is, you can also stop SIP if needed.
- There is no entry or exit load, that is, there will be no extra charge on investment and withdrawal.
- Selection of Best 30 companies-These companies have been selected on the basis of Return on Equity (ROE), debt-equity ratio and earning stability.
How much return can you get?
If you look at the old data, the Nifty100 Quality 30 TRI has so far given an annual return of 13.6%, which is more than NIFTY 100 TRI (12.4%). However, before investing, understand that previous returns are not guaranteed future.
Who will manage the fund?
The funds of this fund will be with the construction of Morkhia and Arun Aggarwal, who are considered experts of index investing.
What does HDFC AMC say?
HDFC AMC managing director and CEO Navneet Munhot said, “This fund will be excellent for investors who want long-term growth by investing money in strong companies in India.”