InvestorQ : Hi, Is it worthwhile to invest in NFO HDFC NIFTY50 Equal Weight Index Fund ? is it passive in nature, being Index Fund or is it in Equity bracket ?
Arindam Sen made post

Hi, Is it worthwhile to invest in NFO HDFC NIFTY50 Equal Weight Index Fund ? is it passive in nature, being Index Fund or is it in Equity bracket ?

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Ask IIFL answered.
12 months ago
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HDFC Nifty50 Equal Weight Index Fund is an open-ended scheme that aims to generate returns that are commensurate with the performance of Nifty50 Equal-Weight Index-TRI, subject to tracking error. Thus the fund would be managed passively, with investments in the stocks comprising the underlying index. Such funds offer low-cost investing solutions to those who prefer the passive style of investing.

However, it is very important for the investors to undergo a comprehensive risk profiling exercise and invest according to their risk appetite, investment horizon and long-term realistic financial goals of life as the risk grade of the scheme is "Very High".
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