HDFC AMC launches Nifty Metal ETF and ETF FOF; NFOs open from July 20

HDFC Asset Management Company (HDFC AMC), the investment manager to HDFC Mutual Fund, on Tuesday announced the launch of the HDFC Nifty Metal ETF and the HDFC Nifty Metal ETF Fund of Fund (FOF), offering investors two routes to gain exposure to India’s metals and mining sector.

The new fund offer (NFO) for the HDFC Nifty Metal ETF will remain 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.

HDFC AMC said the products are aimed at investors seeking exposure to India’s long-term metals growth story, supported by infrastructure spending, manufacturing expansion and rising demand from sectors such as renewable energy, electric vehicles, artificial intelligence, and data centres.

The schemes will provide diversified exposure to companies represented in the Nifty Metal Index (TRI), including firms across steel, aluminium, copper, zinc, mining, and allied metals.

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 will invest predominantly in units of the ETF, allowing investors to access the same portfolio through the mutual fund route without requiring a demat or trading account.

Navneet Munot, Managing Director and Chief Executive Officer of HDFC AMC, said the launch expands the company’s bouquet of investment solutions and provides investors with an efficient means of gaining exposure to the metals sector. “The metals sector plays an important role across infrastructure, manufacturing, and several emerging areas of the economy. These products can offer investors an efficient means of gaining exposure to this sector,” Munot said.

He added that the launches build on HDFC AMC’s more than two decades of experience in managing index solutions.

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 ₹500 for the HDFC Nifty Metal ETF and ₹100 for the HDFC Nifty Metal ETF FOF, with any amount thereafter.

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 apply if units are redeemed or switched out within 15 days from the date of allotment. No exit load will be applicable thereafter.