HDFC Mutual Fund Launches HDFC Nifty Metal ETF and HDFC Nifty Metal ETF FOF
HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund (HDFC MF), one of India's leading mutual fund houses, today announced the launch of the HDFC Nifty Metal ETF and the HDFC Nifty Metal ETF FOF, providing investors with two avenues to participate in India's long-term metals and mining growth story. The New Fund Offer (NFO) for the HDFC Nifty Metal ETF will be open from July 20 to July 24, 2026, while the HDFC Nifty Metal ETF FOF will be open from July 20 to August 3, 2026.
India's metals sector is potentially poised to benefit from sustained infrastructure spending, manufacturing expansion and rising demand from renewable energy, electric vehicles, artificial intelligence and data centres. Supported by government initiatives, global supply chain realignment and India's competitive strengths as a metals producer, the sector is well positioned for long-term growth. The schemes provide diversified exposure to leading companies across steel, aluminium, copper, zinc, mining and allied metals represented in the Nifty Metal Index (TRI). It enables investors to participate in one of the key sectors powering India's next phase of economic development.
The HDFC Nifty Metal ETF seeks to replicate the performance of the Nifty Metal Index (TRI), subject to tracking error. The HDFC Nifty Metal ETF FOF invests predominantly in units of the HDFC Nifty Metal ETF, offering investors exposure to the same underlying portfolio through the mutual fund route without the need for a demat or trading account.
Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited, said, “In line with our effort to continually widen our bouquet of investment solutions, we are pleased to launch the HDFC Nifty Metal ETF and HDFC Nifty Metal ETF FOF. The metals sector plays an important role across infrastructure, manufacturing, and several emerging areas of the economy, and these products can offer investors an efficient means of gaining exposure to this sector. These launches build on our 20+ years of experience in managing Index Solutions and reinforces our commitment to providing a broad and accessible range of investment offerings.”
The HDFC Nifty Metal ETF will be managed by Abhishek Mor and Arun Agarwal, while the HDFC Nifty Metal ETF FOF will be managed by Nandita Menezes and Arun Agarwal. The minimum investment amount during the NFO period is ₹100 and any amount thereafter for HDFC Nifty Metal ETF FOF and ₹500 and any amount thereafter for HDFC Nifty Metal ETF. The HDFC Nifty Metal ETF will have no entry or exit load. The HDFC Nifty Metal ETF FOF will have no entry load, while an exit load of 1% will be applicable if units are redeemed or switched out within 15 days from the date of allotment, with no exit load thereafter.