HDFC Developed world index fund is a fund of fund that aims to generate returns through investments in a combination of ETFs and Index Funds. The scheme will endeavour to track the performance of the MSCI World Index.
This Fund is suitable for investors who are seeking
- Returns that closely correspond to the performance of the MSCI World Index, subject to tracking error over long term.
- Investment in Units/Shares of overseas equity Index Funds and/or ETFs.
Benchmark: MSCI World Index (Net Total Returns Index)
Categories: Fund of Funds.
Suggested Investment Period: 3 Years and Above.
Investment Objectives:
The Scheme's investment target is to provide long-term capital appreciation by passively investing in units/shares of overseas Index Funds and/or ETFs which closely correspond to the MSCI World Index in aggregate, subject to tracking errors.
Fund Manager:
Mr. Krishan Kumar Daga is a part of HDFC AMC since September 17, 2021. He has collectively over 28 years of experience, out of which 11 years in Fund Management and 12 years in Equity Research.
Risk Return Profile is Very High for HDFC Developed world indexes fund of fund.
Where this Scheme invests?
The scheme will invest in five global funds that track Europe, Japan, Pacific (ex-Japan), Canada and the US.
NFO opens on 17/09/2021 and closed on 01/10/2021
Entry & Exit Load:
Entry Load: Not Applicable
Exit Load: 1% is applicable if Units are redeemed/switched-out after 30 days from the date of allotment.
Lock-In-Period: Nil
Investment options:
- Regular Plan and Direct Plan (each plan offers Growth option only)
