HDFC Mutual Fund lists FTSE India Equity ETF on NSE

The ETF is an open-ended scheme that tracks the FTSE India Equity Index (Total Return Index). It covers approximately 90 per cent of the market capitalisation of the FTSE India All Cap Index, offering investors broad exposure to Indian equities through a rules-based, passive investment strategy.

Munot said India’s capital markets had undergone significant transformation over the past decade, driven by economic formalisation, improving market depth and expanding sectoral participation. He added that investors were increasingly seeking diversified, transparent exposure to the country’s equity markets.

The scheme is rated “Very High Risk” on SEBI’s riskometer. It is suited for investors seeking returns commensurate with the FTSE India Equity Index over the long term, subject to tracking error.

HDFC AMC, incorporated in December 1999 and approved by SEBI in July 2000, manages equity and fixed income assets across a nationwide distribution network. The listing expands its existing range of passive investment products.

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