HDFC Mutual Fund resumes subscriptions in HDFC NIFTY Realty Index Fund

HDFC Mutual Fund has resumed the subscription in HDFC Nifty Realty Index Fund. The scheme will accept subscriptions with effect from June 11.

The fund will accept subscriptions by way of lumpsum and additional purchases, switch-ins and new registrations of systematic transactions i.e. Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) / Transfer of IDCW Plan (TIP), etc. The acceptance will be subject to minimum amounts as mentioned in the scheme information document.

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The fund house had announced discontinuation of lumpsum subscriptions and restrictions on systematic transactions in HDFC Nifty Realty Index Fund in April.

The fund house then stated that systematic transactions registered before the effective date shall continue to be processed. There were no restrictions on redemptions, switch-out, registration of fresh systematic withdrawal plan (SWAP), and STP-out from the scheme.

HDFC Nifty Realty Index Fund is an open-ended scheme replicating/tracking the NIFTY Realty Index (TRI). The minimum application amount for purchase and additional purchase is Rs 100 and any amount thereafter.

The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Realty Index (TRI), subject to tracking error. It is managed by Nirman Morakhia and Arun Agarwal.

The scheme provides an avenue to investors who would prefer a passive investment fund investing in companies that are constituents of the NIFTY Realty Index.

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The scheme provides an avenue to investors who would prefer a passive investment fund investing in companies that are constituents of the NIFTY Realty Index and is suitable for those seeking commensurate returns (before fees and expenses), over the long term, subject to tracking error and want investment in equity securities covered by the NIFTY Realty Index.

The principal invested in this scheme will be at “very high” risk according to the riskometer of the scheme.

All other terms and conditions as mentioned in the Scheme Information Document (SID) / Key Information Memorandum (KIM) of the Scheme will remain unchanged.

This addendum shall form an integral part of the SID / KIM of the above-mentioned Scheme as amended from time to time.