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HDFC has launched 3 smart beta ETFs - Nifty100 Quality 30 ETF, Nifty50 Value 20 ETF, and Nifty Growth Sectors 15 ETF.
Smart beta investing involves stock selection and weighting that is done based on pre-defined factors, as defined in the underlying index methodology. These ETFs aim to generate returns slightly higher than ETFs within the framework of passive management.
In a press release, Navneet Munot, MD and CEO, HDFC MF said, “Smart beta investing is popular globally with AUM rising steadily. Smart Beta ETFs offer one-shot diversification of portfolio at a low cost and is a proven tool for investors who seek returns over the long-term.”
The NFOs are currently open for subscription and will close on September 20.
