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HDFC MF has launched three new passive schemes - HDFC S&P BSE 500 ETF, HDFC NIFTY Midcap 150 ETF and HDFC NIFTY Smallcap 250 ETF.
The open-ended schemes will track the S&P BSE 500 Index, NIFTY Midcap 150 Index and NIFTY Smallcap 250 Index respectively.
Talking about the launch, Navneet Munot, MD and CEO, HDFC MF said, “The launch of these 3 new ETFs will allow investors to participate in the India growth story while diversifying across market caps.”
