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Data Science and Python Training Program for Everyone(Age=10yrs to 70yrs)

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HDFC DEVELOPED WORLD INDEX FOND OF FUNDS NFO

HDFC Mutual Fund is all set to launch a Fund of Funds (FoF) tracking the MSCI World Index. The MSCI World Index is a developed markets index covering 23 markets and more than 1,500 companies. The HDFC Developed World Indexes Fund of Funds will feed into various Credit Suisse Index Funds and ETFs domiciled in Ireland and Luxembourg. These index funds will collectively track the MSCI World Index. The new fund offer for the scheme will run from 17 September to 1 October. Being an open-ended fund, it will be available for purchase and redemption thereafter. The fund will have an expense ratio of 1% for the regular plan and around 0.4% for the direct plan, a person with knowledge of the matter said on condition of anonymity. The MSCI World Index covers regions accounting for around 56% of the world’s Gross Domestic Product (GDP). It has a 68% exposure to the US, 19% to Europe, 7% to Japan, 3% to Canada and the balance 3% to other developed markets in the Pacific region. It does not, howe