HDFC Mutual Fund has announced the launch of the HDFC BSE India Sector Leaders Index Fund, an open-ended scheme that seeks to provide investors exposure to the leaders across sectors in India’s equity markets by replicating the BSE India Sector Leaders Index (TRI).

The New Fund Offer (NFO) of the fund is open for subscription and will close on November 21.

The HDFC BSE India Sector Leaders Index Fund invests in the top three companies by market capitalisation from each sector. The Index allows investors to participate in the India growth story with broad exposure across sectors, yet with special focus on the leaders within sectors. The index covers 20+ sectors, offering investors exposure to leaders in Financial Services, Information Technology, FMCG, Automobiles, Telecom, Construction, and more.

“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 BSE India Sector Leaders Index Fund, we aim to provide investors with an effective way to participate in the growth potential of the country’s leading businesses across sectors, and benefit from their proven track record and enduring strengths. Backed by 20+ years of expertise in index solutions, we are well.