Guidance for HDFC NIFTY Smallcap 250 ETF NFO
by Paresh Gordhandas, C.A., Research Analyst.
This scheme seeks to generate returns that are commensurate with the performance of the NIFTY Smallcap 250 Index. NIFTY Smallcap 250 represents the balance 250 companies (companies ranked 251-500) from NIFTY 500. The index has provided 13.50% p.a. returns during last 10 years, which is quite reasonable. The BSE 500 index currently has price to earnings multiple of 19.04, which is at reasonable level. The NFO is suggested to the retail investors with long term growth potential.
HDFC NIFTY Smallcap 250 ETF NFO
NFO opens on January 30 ,2023
NFO will close on February 13 ,2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Smallcap 250 Index, subject to tracking error.
Basic Details
Fund House | HDFC Mutual Fund |
Issue Open | 30 January 2023 |
Issue Close | 13 February 2023 |
Type | Open-ended |
Category | Equity: Small Cap |
Min. Investment(Rs) | 500 |
Plans | Growth |
Lock-in Period | NA |
Exit Load | 0 |
Riskometer | Very High |
Benchmark | NIFTY Smallcap 250 TRI |
About Benchmark Index
NIFTY Smallcap 250 represents the balance 250 companies (companies ranked 251-500) from NIFTY 500. This index intends to measure the performance of small market capitalisation companies.
NIFTY Smallcap 250 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
NIFTY Smallcap 250 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: NIFTY Smallcap 250 Total Returns Index
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 3.07 | -3.65 | -3.65 | 5.56 | 13.50 |
Total Return | 3.18 | -2.64 | -2.64 | 6.61 | 14.93 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 20.55 | 20.74 | 22.13 |
Beta (NIFTY 50) | 0.94 | 0.83 | 0.79 |
Correlation (NIFTY 50) | 0.79 | 0.77 | 0.78 |
Fundamentals
P/E | P/B | Dividend Yield |
19.04 | 3.06 | 1.08 |
Fund Manager
1) Abhishek Mor
Education: Mr. Mor has done B.Com, Chartered Accountant and CFA (Level-I)
Experience: Prior to joining HDFC Mutual Fund, he has worked with ICICI Asset Management Company Ltd.
Past Performance of his Schemes
2) Nirman S. Morakhia
Education: Mr. Morakhia has done B.M.S and M.B.A- Financial Markets
Experience: Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
Past Performance of his Schemes
AMC:
HDFC Asset Management Company Ltd
Address: Ground Floor, Mafatlal House, H.T Parekh Marg Backbay Reclamation Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
*Post your MF questions @ chanakyamfguidance.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com