The HDFC Index Fund- NIFTY 50 Plan has delivered an average return of 12.14% and manages an AUM of Rs 5,941 Crore. HDFC Index Fund – S&P BSE Sensex Plan has delivered 12.45% since inception and manages Rs 3,390 crore as on June 30th, 2022.
According to data, the tracking error of 0.05% for the HDFC Index Fund – NIFTY 50 Plan and 0.04% for the HDFC Index Fund – S&P BSE SENSEX Plan, is among the lowest in the industry. To commemorate this occasion, HDFC MF is also launching the ‘Trusted For 20’ initiative. This initiative emphasizes how HDFC MF is a trusted partner for investors in the area of Index Solutions.
“Index funds are a suitable way for investors to participate in the India growth story. Our 20 years+ experience in this space gives us a definite edge. This category is growing and there is tremendous opportunity going forward. We are expanding our range of Index Solutions to include several additional popular indices. This way, we hope to continue fulfilling our mission to be the wealth creator for every Indian,” says Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Co. Ltd.