HDFC Mutual Fund launches Nifty Auto Index Fund to tap India’s auto growth story
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HDFC Asset Management Company Ltd (HDFC AMC), the investment manager to HDFC Mutual Fund, has launched the HDFC Nifty Auto Index Fund, an open-ended passive scheme aimed at giving investors exposure to India’s automobile and auto ancillary sectors.
The New Fund Offer (NFO) opened on June 22, 2026, and will remain open until July 3, 2026.
The scheme seeks to track the performance of the Nifty Auto Index (TRI), offering investors an opportunity to participate in the long-term growth of India’s automobile ecosystem through a passive investment approach.
India’s automobile sector remains a key contributor to economic growth, manufacturing expansion, employment generation and export competitiveness.
The fund will invest in companies that form part of the Nifty Auto Index, which currently comprises 15 stocks selected from the Nifty 500 universe. The index includes companies across passenger vehicles, two-wheelers, commercial vehicles, auto components and related segments.
Commenting on the launch, Navneet Munot, Managing Director and Chief Executive Officer of HDFC Asset Management Company, said the fund is designed to expand investment options for investors seeking exposure to one of India’s key growth sectors.
“At HDFC Mutual Fund, we remain committed to offering investors a diverse range of investment solutions. With HDFC Nifty Auto Index Fund, we aim to provide an effective way to participate in the growth potential of India’s automobile sector,” he said.
The scheme will be managed by Nandita Menezes and Arun Agarwal.
Investors can participate with a minimum investment amount of ₹100 during the NFO period and after the scheme reopens for continuous subscription and redemption. 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.