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HDFC MF has launched its smart beta or factor fund focusing on low volatility - HDFC NIFTY100 Low Volatility 30 Index Fund.
The underlying index will invest in the top 30 least volatile stocks based on their standard deviation score from the universe of the top 100 large cap companies.
Interestingly, the minimum investment amount in this scheme is Rs.100.
In a press release, Navneet Munot, MD and CEO, HDFC MF, said, "We remain committed to delivering excellence in Index Solutions, leveraging our 20+ years of expertise in this space. We are excited to introduce HDFC NIFTY100 Low Volatility 30 Index Fund, which provides investors a simplified way to deal with market volatility."
