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HDFC MF marks listing of HDFC FTSE India Equity ETF on NSE
In Short
HDFC AMC marks the listing of HDFC FTSE India Equity ETF on the NSE, offering investors broad exposure to India's long-term market growth through a rules-based strategy.
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HDFC MF marks listing of HDFC FTSE India Equity ETF on NSE
HDFC Asset Management Company Limited (HDFC AMC), the investment manager to HDFC Mutual Fund, marked the listing of the HDFC FTSE India Equity ETF on the National Stock Exchange of India (NSE) at a bell-ringing ceremony held at NSE, Mumbai.
The ceremony was attended by Navneet Munot, Managing Director and Chief Executive Officer, HDFC AMC; Nico Boulay, Head of Asia, FTSE Russell; and Ashishkumar Chauhan, Managing Director and Chief Executive Officer, NSE, who delivered keynote addresses. The HDFC FTSE India Equity ETF is an open-ended scheme replicating/tracking the FTSE India Equity Index (TRI).
The index seeks to provide broad representation of India's equity markets, covering approximately 90% of the market capitalisation of the FTSE India All Cap Index. The ETF offers investors an opportunity to participate in India's long-term growth story through a diversified, rules-based investment approach.
Commenting on the occasion, Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited, said, “India's capital markets have undergone significant transformation over the past decade, driven by economic formalisation, improving market depth, expanding sectoral participation and increasing investor engagement.
As the opportunity set within the equity market continues to broaden, investors are increasingly seeking solutions that provide diversified exposure to the country's growth drivers through a disciplined and transparent investment framework.
