HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses, has launched HDFC Nifty Auto Index Fund (the “Scheme”), an open-ended scheme that seeks to provide investors an opportunity to participate in India’s automobile and auto ancillary growth story through a passive investment strategy. The New Fund Offer (NFO) opened on June 22, 2026 and closes on July 3, 2026.
India’s automobile sector remains a key pillar of the country’s economic growth, manufacturing expansion, employment generation, and export competitiveness. The Scheme will invest in the constituents of the Nifty Auto Index (TRI), which comprises leading companies across passenger vehicles, two-wheelers, commercial vehicles, auto components, and related segments of the automobile ecosystem. The index currently consists of 15 stocks selected from the Nifty 500 universe and is designed to reflect the performance of India’s automobile sector.
Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited, said, “At HDFC Mutual Fund, we remain committed to offering investors a diverse range of innovative investment solutions to fulfil our mission to be the wealth creator for every Indian. With HDFC Nifty Auto Index Fund, we aim to provide investors with an effective way to participate in the growth potential of the country’s Automobile sector and benefit from the enduring strengths. Backed by 20+ years of expertise in Index Solutions, we are well positioned to deliver this investment opportunity.”
The Scheme will be managed by Ms. Nandita Menezes and Mr. Arun Agarwal. Investors can invest with a minimum amount of ₹100 during the NFO period and during the continuous offer period after the scheme reopens for subscription and redemption. There will be no entry or exit load under the Scheme.