HDFC AMC has launched the Nifty Auto Index Fund NFO with direct plan opening from June 22 to July 3, 2026. The passive equity fund will track the Nifty Auto Index (TRI) through passive investment in equity and equity-related securities, replicating the composition of the index subject to tracking errors. As per HDFC AMC, there is no assurance that the investment objective of the Scheme will be achieved. The fund is designed for investors seeking exposure to the automotive sector through a systematic, index-based approach.
HDFC AMC shares surged up to 6% on Monday following Finance Minister Nirmala Sitharaman's hints that the government's recent measures to attract foreign capital were only the first step, with additional initiatives expected to follow. The rally was supported by expectations that easing of rules and additional reforms could make India a more attractive destination for global investors. According to The Economic Times, the surge came after Sitharaman indicated that more initiatives could follow as India looks to bring in greater foreign capital and boost overseas investor participation. The rally was part of a broader market movement, with Sensex surging over 736 points to close at 76,264 and Nifty jumping over 231 points to end near 23,854, after briefly crossing 24,000 during the session.
HDFC Asset Management Company (HDFC AMC) has launched the HDFC Growth for GOOD Portfolio, a portfolio management services (PMS) investment approach specifically designed for investors seeking sustainability-focused investment opportunities. According to reports from CNBC TV18, this new strategy represents HDFC AMC's commitment to combining ethical principles with research-driven stock selection and sustainable growth focus. Navneet Munot, MD and CEO of HDFC AMC, stated that the strategy is anchored in the belief that long-term value creation goes hand in hand with being good for the planet, good for people, and good for society. The launch comes amid growing investor interest in sustainable and values-based investing, with an increasing number of individuals seeking investment opportunities that generate returns while contributing positively to society and the environment.
The strategy excludes companies that derive a predominant share of revenue from sectors including defence, alcohol, cigarettes & tobacco products, dairy products, leather products, animal testing (including pharmaceutical companies involved in such practices), meat and poultry industries, or any form of animal cruelty. As reported by CNBC TV18, the portfolio will focus on businesses demonstrating strong governance and transparency, aligning their operations with constructive societal outcomes. The investment approach targets companies with quality metrics such as return on capital employed (ROCE), return on equity (ROE), earnings per share (EPS), compounded annual growth rate (CAGR) and free cash flow (FCF) growth. The strategy also emphasizes principles of non-harm and sustainability, avoiding companies whose revenues are predominantly derived from sectors such as dairy products, leather products, animal testing, pharmaceutical companies involved in animal testing, meat and poultry industries, businesses engaged in animal cruelty, establishments serving meat or alcohol, and gambling and betting.
As of March 31, 2026, HDFC AMC's PMS business managed assets worth ₹10,573.10 crore across its various investment approaches, as reported by CNBC TV18. The company offers discretionary, non-discretionary, advisory and co-investment services under its PMS business. Shares of HDFC Asset Management Company ended 1.33% higher at ₹2,657.90 on the BSE on Tuesday (June 16) following the announcement. The investment strategy is aimed at investors looking to align their financial goals with ethical values, sustainability and responsible business practices. The broader rally in AMC stocks was supported by expectations of increased overseas participation, with Angel One, CAMS, KFin Technologies, CDSL and BSE also gaining as market participants believe that any move to increase foreign participation could benefit the financial sector.
