HDFC Mutual Fund launches Developed World Indexes Fund of Funds NFO, an open-ended fund of funds investing in units of overseas Index Funds and/or ETFs, which will track the MSCI World Index.
NFO Details:
Open from 14-28 Sep 2021.
Minimum amount: Rs.5000 and in multiples of Rs.1000.
Where Will The Scheme Invest?
The Scheme will invest in units/shares of overseas Index Funds and/or ETFs (mentioned below table) offered by Credit Suisse Asset Management which operates as an asset management company.
MSCI World Index Captures:
- Large and mid-cap representation.
- Across 23 developed markets countries.
- Covers approximately 85% of the free float-adjusted market capitalization in each country.
- 1500+ Constituents
MSCI World Index captures 40 out of top 50 most Innovative Companies:
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source: hdfc mf |
MSCI World Index Vs Nifty 50 TRI : Performance & Risk Metrics.