NFO Period January 31, 2025 -- February 14, 2025
FinTech BizNews Service
Mumbai, January 29, 2025: HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual
Fund (HDFC MF), one of India's leading mutual fund houses, announces the launch of the HDFC
Nifty100 Quality 30 Index Fund, a passively managed fund that aims to track the Nifty100 Quality 30
Total Returns Index. The New Fund Offering (NFO) opens on January 31, 2025 and closes on
February 14, 2025. The scheme could be suitable for investors seeking long-term wealth creation
through a quality-first investment approach focused on resilient and stable businesses with strong
balance sheets.
The Nifty100 Quality 30 Index comprises 30 stocks selected from the Nifty 100 index based on their
quality scores, which are determined by metrics including return on equity (ROE), financial leverage
(Debt/Equity Ratio), and earnings growth variability analysed over the previous 5 years. As Quality
investing focuses on financially strong and resilient companies, it has the potential to unlock the
benefits of compounding long-term returns, while aiming to provide relative peace of mind during
market volatility. The Nifty100 Quality 30 TRI has delivered 13.6% CAGR compared to 12.4% CAGR
for the Nifty 100 TRI, highlighting its potential for long-term wealth creation (returns considered
from index inception on Oct 1, 2009 to Dec 31, 2024). Past performance may or may not be
sustained in future and is not a guarantee of future returns.
The new fund will be managed by Mr. Nirman Morakhia and Mr. Arun Agarwal. Investors may
participate with a minimum investment of Rs. 100 during both the New Fund Offer (NFO) period and
the continuous offer period, which commences after the scheme reopens for purchase and sale.
There is no entry or exit load, and the final unit allotment will be subject to the deduction of
applicable stamp duty and transaction charges, where applicable.
Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer,
HDFC Asset Management Company Limited, said,: At HDFC Mutual Fund, our mission to be the
wealth creator for every Indian, continues to drive us to offer a wide range of investment solutions
to meet the needs of investors. We remain committed to our aim of delivering excellence in Index
Solutions, leveraging our 20+ years of expertise in this space. The HDFC Nifty100 Quality 30 Index
Fund could allow investors to benefit from the long-term compounding potential of India’s
financially strong, efficient and resilient companies.”
