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HDFC Mutual Fund announced the launch of the HDFC NIFTY200 Momentum 30 Index Fund. The scheme opened for public subscription on February 09, 2024, and will close on February 23, 2024.
We considered the passive large cap schemes benchmarked against NIFTY 50 - TRI, Nifty50 Value 20 - TRI, NIFTY50 Equal Weight - TRI, Nifty100 Low Volatility 30 - TRI, Nifty100 Equal Weight - TRI, S&P BSE SENSEX - TRI, NIFTY 100 - TRI, and NIFTY NEXT 50 - TRI. These benchmarks gave 21.30%, 29.79%, 31.04%, 31.87%, 30.68%, 20.33%, 21.24%, and 27.24% respectively. We considered the regular and growth options.
Baroda BNP Paribas Mutual Fund announced the launch of Baroda BNP Paribas Nifty 50 Index Fund. The scheme opened for public subscription on January 08, 2024, and will close on January 22, 2024.
According to the scheme information document, the investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the Nifty 500 Total Return Index, subject to tracking error.
A thematic fund, gilt fund are open for subscription. An ETF and a retirment fund will open for subscription later this week.