HDFC Mutual Fund launches Nifty50 Equal Weight Index Fund SECTIONS Last Updated: Aug 04, 2021, 12:51 PM IST Share Synopsis The fund will aim to track the performance of constituents forming part of the parent index, the NIFTY 50 Index, where each company in the index shall be assigned equal weights as per the underlying index. Shutterstock.com HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC NIFTY50 Equal Weight Index Fund. The fund will aim to track the performance of constituents forming part of the parent index, the NIFTY 50 Index, where each company in the index shall be assigned equal weights as per the underlying index. The New Fund Offer (NFO) will close for subscription on August 13. The Fund will re-open for continuous sale and repurchase within 5 business days from the date of allotment of units under NFO.