HDFC MF launches an index fund tracking realty sector

HDFC Mutual Fund has launched HDFC NIFTY Realty Index Fund.  The fund will replicate the NIFTY Realty Index.

The fund house believes that the realty sector is critical to the economy as it is one of the sectors that drives economic growth, employment and government revenues. The realty sector has the potential for long-term growth with large scale development across residential, commercial, retail, hospitality and SEZ projects.

In a press release, Navneet Munot, MD and CEO, HDFC MF said, “Our mission to be the wealth creator for every Indian continues to drive us to offer a wide range of investment solutions to meet the needs of investors. We remain committed to delivering excellence in Index Solutions, leveraging our 20+ years of expertise in this space.”