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Two index funds of HDFC Mutual Fund – HDFC Nifty 50 and HDFC S&P BSE Sensex have turned 20 years.
HDFC MF was the first to launch index funds in July 17, 2002, said the fund house. The fund house has launched ‘Trusted For 20’ initiative to promote these two schemes among distributors and investors.
In a press release, Navneet Munot, MF and CEO, HDFC MF said, “Our 20 years+ experience in this space gives us a definite edge. This category is growing and there is tremendous opportunity going forward. We are expanding our range of index solutions to include several additional popular indices. This way, we hope to continue fulfilling our mission to be the wealth creator for every Indian.”
