HDFC Mutual Fund Launches Hybrid Index Fund Using Government Bonds
1 report, 1 independent
Updated 00:00
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What happened
HDFC Mutual Fund launched the HDFC Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund. This open-ended index fund tracks a hybrid index that allocates 70 percent to the Nifty LargeMidcap 250 Index and 30 percent to the Nifty 8-13 yr G-Sec Index. The debt portion of the fund invests in the top three liquid Government of India bonds with residual maturities between eight and 13 years.
From freepressjournal.in
Why it matters
The new fund allows investors to access both large- and mid-cap company exposure and government securities through a single investment product. The underlying hybrid index will be rebalanced monthly.
From freepressjournal.in
Who's involved
- Government of IndiaIssuer of the Government of India bonds used in the fund's debt portion
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The entities involved
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Government of India
legislative, executive and judiciary authority of India
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