InvestorQ : Can you tell me about the NFO of HDFC Mutual Fund International FOF?
Anamika Sodhani made post

Can you tell me about the NFO of HDFC Mutual Fund International FOF?

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Angel dcosta answered.
3 months ago
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HDFC Mutual Fund has launched its first international Fund of Funds (FOF). This FOF will mirror the MSCI World Index, which is an aggregation of 1,500 company stocks across 23 developed markets. It also covers 85% of the free float market cap in these countries, so the representation is fairly substantial and is almost a proxy for these markets.

The NFO will remain open from 17-Sep to 01-Oct and is expected to get a solid response. The idea behind launching this fund is to complete the bouquet and provide long term capital appreciation. Domestic investors can also diversify their India risk. MSCI index has registered lower volatility than Nifty 50 and outperformed Nifty by 350 bps in year 2021.

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