HDFC Mutual Fund has renamed five of its schemes, effective from November 18. These changes have been communicated to unitholders through a notice-cum-addendum.
The following schemes have been renamed:
Old NameNew NameHDFC Gold Exchange Traded FundHDFC Gold ETFHDFC Gold Exchange Traded Fund HDFC Gold ETF Fund of FundHDFC Gold FundHDFC Gold ETF Fund of FundHDFC Index Fund – BSE SENSEX PlanHDFC BSE Sensex Index FundHDFC Index Fund – Nifty 50 PlanHDFC Nifty 50 Index FundSource: Value Research
As per the addendum, all terms and conditions remain unchanged, and the updated names will be incorporated into the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) of the schemes.
Also Read Want regular monthly income? Baroda BNP Paribas Mutual Fund launches special plan combining SIP and SWP – Check details Central govt pensioners attention! BIG update on process for changing spouse’s name in pension records RBI unveils framework for FPI to FDI investment reclassification NBFC Northern Arc announces maiden climate fund; secures $65 million in debt commitment
Also read: Mutual Funds: How long it takes to make Rs 10 crore with monthly SIP of Rs 5000, Rs 10000 and Rs 15000 – See calculations
Overview of renamed HDFC Mutual Fund schemes:
HDFC Children’s Fund (formerly HDFC Children’s Gift Fund): This open-ended investment fund is designed for children, with a mandatory lock-in period of at least five years or until the child reaches the age of majority, whichever comes first.
HDFC Gold ETF (formerly HDFC Gold Exchange Traded Fund): This scheme tracks the performance of gold, offering a cost-effective way to invest in gold digitally, eliminating the need for physical storage and ensuring the quality of the underlying gold.
HDFC Gold ETF Fund of Fund (formerly HDFC Gold Fund): This open-ended fund of funds scheme aims for capital appreciation by investing in units of the HDFC Gold ETF, providing investors with exposure to gold.
HDFC Nifty 50 Index Fund (formerly HDFC Index Fund – Nifty 50 Plan): This fund mirrors the Nifty 50, a broad-based index of 50 blue-chip stocks across various sectors, serving as a benchmark for Indian investors since 1995.
HDFC BSE Sensex Index Fund (formerly HDFC Index Fund – BSE SENSEX Plan): This fund tracks the BSE Sensex,
» Read More
