HDFC Mutual Fund Launches Two ETFs

Current Context: HDFC Mutual Fund launched two Exchange Traded Funds (ETFs) in order to expand its “HDFC MF Index Solutions”.

• The two new ETFs launched are:

1. HDFC Nifty IT ETF
2. HDFC Nifty Private Bank ETF

• The primary objective of these ETFs will be to provide investment returns similar to that provided by the NIFTY IT Index and NIFTY Private Bank Index.
• HDFC Nifty IT ETF will capture global IT demand through India’s leading IT firms.
• HDFC Nifty Private Bank ETF will capture private banks’ potential and is benefitted from India’s economic growth.
• Both of the ETFs will consist of the 10 largest stocks in their respective sectors and will be rebalanced bi-annually in March and September.

Question:

Q.1 Recently two Exchange Traded Funds (ETFs) were launched by?
a. HDFC Mutual Fund
b. Aditya Birla Sun Life AMC Limited
c. BOI AXA
d. Essel Finance AMC Limited