HDFC Asset Management Company Introduces New Auto Index Fund

HDFC Asset Management Company Limited, the investment manager for HDFC Mutual Fund, has launched the HDFC Nifty Auto Index Fund. This open-ended scheme offers investors a passive investment option designed to capture the growth potential of India9s automobile and auto ancillary sectors.

New Fund Offer Details

The New Fund Offer (NFO) for this scheme began on June 22, 2026, and will close on July 3, 2026. The fund aims to track the performance of the Nifty Auto Index (Total Return Index), which includes 15 prominent companies selected from the Nifty 500 universe.

These companies represent various segments such as:

  • Passenger vehicles
  • Two-wheelers
  • Commercial vehicles
  • Auto components
  • Related industries within the automobile ecosystem

Significance of India9s Automotive Sector

India9s automotive sector plays a key role in the nation9s economic progress by contributing to manufacturing growth, employment creation, and enhancing export competitiveness.

Insights from HDFC AMC Leadership

Navneet Munot, Managing Director and CEO of HDFC Asset Management Company Limited, highlighted that the fund provides investors an efficient way to participate in the expansion of India9s automobile industry.

Investment Opportunities and Terms

Investors can start investing at ₹100 during the NFO period and can continue investments after the scheme opens for subscription and redemption. The fund does not levy any entry or exit load, making it cost-effective for investors.

About HDFC Asset Management Company

Established under the Companies Act in December 1999, HDFC AMC is one of India9s largest mutual fund managers. It received authorization from SEBI in July 2000.

Key Takeaways

  • HDFC AMC has launched the HDFC Nifty Auto Index Fund as a passive investment vehicle.
  • The fund tracks the Nifty Auto Index comprising 15 key automobile sector companies.
  • The NFO period runs from June 22 to July 3, 2026.
  • Investment minimum starts at ₹100 with no entry or exit load fees.
  • The fund allows investors to tap into the growth of India9s automotive sector efficiently.