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HDFC Mutual Fund Launches Two ETFs

Published on November 08, 2022
Current Context: HDFC Mutual Fund launched two Exchange Traded Funds (ETFs) in order to expand its “HDFC MF Index Solutions”.
HDFC Mutual Fund Launches Two ETFs
  • 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
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