HDFC BSE 500 Exchange Traded Fund

The HDFC BSE 500 Exchange Traded Fund is a type of investment vehicle designed to track the performance of the BSE 500 Index, a comprehensive representation of the Indian stock market. As an Exchange Traded Fund (ETF), it provides investors with the ability to gain exposure to a diverse arrangement of companies spanning across various sectors represented in the BSE 500 Index, such as financial services, information technology, and consumer goods. The primary purpose of the HDFC BSE 500 ETF is to offer a practical and cost-effective way for investors to maintain a portfolio diversified across multiple sectors without having to individually manage a broad selection of stocks. This ETF plays a significant role in the financial market by facilitating easier access to a large cross-section of the Indian equity landscape, allowing investors to potentially benefit from the broader movements of the large and mid-cap categories included within the index.