HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund (HDFC MF), has launched HDFC FTSE India Equity ETF, an Open-Ended Scheme replicating/tracking the FTSE India Equity Index (TRI). The New Fund Offer (NFO) opened on September 23, 2026 and closes on October 7, 2026. The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the FTSE India Equity Index (TRI), over long term, subject to tracking error.
The FTSE India Equity Index offers exposure to approximately 90% of the market capitalization of the FTSE India All Cap Index and comprises 276 constituents (Source: FTSE Russell. Data as of Aug 31, 2026. *For detailed methodology, please click here). Constructed using free-float market capitalization and foreign ownership limits, the index seeks to provide broad representation of India’s equity markets. The index is reviewed semi-annually, while constituent weights are subject to quarterly capping in accordance with the index methodology. India’s equity markets have expanded significantly in size and depth, supported by rising corporate earnings, a growing domestic market, policy reforms and infrastructure development, creating a broader set of long-term investment opportunities across sectors.
Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited, said, “India’s capital markets have undergone significant transformation over the past decade, driven by economic formalisation, improving market depth, expanding sectoral participation and increasing investor engagement. As the opportunity set within the equity market continues to broaden, investors are increasingly seeking solutions that provide diversified exposure to the country’s growth drivers through a disciplined and transparent investment framework. The HDFC FTSE India Equity ETF seeks to address this need by providing investors access to a broad representation of India’s listed equity universe through a rules-based index strategy, enabling participation in the long-term evolution of the Indian economy and capital markets.”
The benchmark of the scheme is the FTSE India Equity Index (TRI). The HDFC FTSE India Equity ETF will be managed by Mr. Abhishek Mor and Mr. Arun Agarwal. During the NFO period and continuous offer period (after the scheme reopens for repurchase and sale), investors can invest with a minimum amount of ₹500 and in multiples of Re. 1 thereafter.
The scheme will predominantly invest in securities covered by the FTSE India Equity Index (TRI), with a limited allocation to debt securities & money market instruments and units of debt schemes of mutual funds*.
*investments will be made in cash or cash equivalents i.e. bank deposits with Scheduled Commercial Bank, Government Securities, T-Bills and Repo on Government Securities, units of Liquid and Overnight Mutual Fund Schemes for liquidity purposes.
Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice, a recommendation, solicitation, or an offer to buy or sell any securities or mutual fund units. Mutual fund investments are subject to market risks, including the risk of loss of principal. Investors should carefully read all scheme-related documents and consider their investment objectives, risk tolerance, and financial circumstances before investing. Past performance is not indicative of future results. Please consult a qualified financial advisor before making any investment decision.
