HDFC Mutual Fund has introduced that it’s going to cease accepting lump sum investments into its HDFC Nifty Realty Index Fund from April 8. The restriction additionally applies to systematic funding plans (SIPs) and top-ups, which shall be restricted to ₹1 lakh.

The HDFC Nifty Realty Index Fund is completely targeted on the home actual property sector and was launched in early March. It was initially open for subscription from March 7 to March 21 and resumed ongoing subscriptions and redemptions beginning April 2.

The Nifty Realty index has risen greater than 19% year-to-date, with DLF having the best weightage amongst all of the constituents at 29.2%, adopted by Macrotech Builders at 14.1%, Godrej Properties and Phoenix Mills.

HDFC Mutual Fund is the third-largest asset administration firm in India by way of belongings, with belongings beneath administration (AUM) of ₹6.29 lakh crore as of the tip of February

In accordance with a Nuvama analyst, demand for housing in India’s high seven cities rose 20% year-on-year/7% month-on-month in February 2024. 12 months-to-date demand within the calendar yr 2024 has elevated by 13% year-on-year whereas provide has fallen by 28%. Costs have risen in most cities, surging as excessive as 20% in Bengaluru in February 2024, as in comparison with the year-ago interval. The analyst believes that the gross sales momentum will enhance, significantly for organised builders.

As we speak, the Nifty Realty index is the highest shedding sectoral index, down greater than 1%.

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