HDFC Asset Management Company (HDFC AMC) listed the HDFC FTSE India Equity ETF on the National Stock Exchange of India (NSE) on Friday. The open-ended scheme tracks the FTSE India Equity Index (Total Return Index), covering about 90% of the market capitalisation of the FTSE India All Cap Index. The listing ceremony included keynotes from HDFC AMC CEO Navneet Munot, FTSE Russell's Asia head Nico Boulay, and NSE CEO Ashishkumar Chauhan, according to thehindubusinessline.com.
The ETF offers investors broad exposure to Indian equities through a rules-based, passive investment strategy. Munot highlighted the significant transformation in India’s capital markets over the past decade, driven by economic formalisation, improved market depth, and expanding sectoral participation. He noted that investors increasingly seek diversified and transparent exposure to the country’s equity markets. The scheme is rated “Very High Risk” on SEBI’s riskometer and targets returns aligned with the FTSE India Equity Index over the long term, subject to tracking error.
HDFC AMC, incorporated in December 1999 and SEBI-approved since July 2000, manages both equity and fixed income assets nationwide. This ETF listing expands its passive investment product range, providing investors with a new option for diversified equity exposure. The FTSE India Equity Index covers a broad market segment, making the ETF a significant addition amid growing interest in passive investment vehicles in India’s evolving capital markets.
The HDFC FTSE India Equity ETF listing on NSE marks a notable expansion of passive investment options available to Indian investors. The scheme’s broad market coverage and passive strategy align with increasing demand for transparent, diversified equity products. The next key event will be monitoring the ETF’s performance relative to the FTSE India Equity Index over the coming months, as investors assess its tracking accuracy and risk-return profile.