HDFC Mutual Fund Launches New Hybrid Index Fund, NFO Open Until October 19

Mumbai-based HDFC Mutual Fund has recently introduced a new hybrid index fund, the HDFC Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund. This open-ended scheme combines equity and government securities in a single investment product, allowing investors to benefit from a diversified portfolio. The NFO for this fund opened on October 5 and will close on October 19, 2026, with a minimum investment requirement of Rs 100.

The fund will allocate 70% of its portfolio to the Nifty LargeMidcap 250 Index, tracking the performance of large-cap and mid-cap companies listed on the National Stock Exchange (NSE). The remaining 30% will be invested in the Nifty 8-13 yr G-Sec Index, providing exposure to top three liquid Government of India bonds with residual maturities between eight and 13 years.

HDFC AMC Managing Director and CEO Navneet Munot highlighted the importance of asset allocation in long-term investing and acknowledged the challenge of maintaining the intended balance through different market cycles. The new fund, managed by Nandita Menezes, Arun Agarwal, and Sankalp Baid, will use a rules-based framework to rebalance the underlying hybrid index monthly. There are no entry or exit loads for this scheme, making it accessible to a wider range of investors.