Fundalysisby DARKHORSESTOCKS

Scheme

HDFC BSE 500 ETF

Holds 502 companies worth ₹193 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹193 CrHDFC BSE 500 ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 26.2% on Aug 2026, ₹153 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 5.7% of this scheme's NAV.

  • Fund manager

    Abhishek MorRuns it since 15 Feb 2023, as the fund house dates it. With Arun Agarwal (co-manager), Nandita Menezes (co-manager).

Overview(8 Oct 2026)

Fund managers3

  1. Abhishek MorFund manager · Feb 2023 · 7y · CA B.Com
  2. Arun AgarwalCo-manager · Feb 2023 · 25y · CA B.Com
  3. Nandita MenezesCo-manager · Mar 2025
  1. Nirman MorakhiaFeb 2023 – Apr 2025

Key facts

Benchmark
BSE 500 Index (TRI)
Risk
Very High
Expense
Regular 0.31% · Direct 0%
Exit load
Nil
Started
15 Feb 2023
Minimum
On an On-going Basis:A. Directly with the Fund - Market Makers/Large Investors:On an on going basis, only Market Makers (in Creation Unit Size) and Large Investors (with Minimum application amount of Rs. 25 Crores and in multiples of Creation Unit Size) may approach the Fund directly for subscription/redemption of units of the ETF at the Intra-Day NAV. Additionally, the transaction handling charges, if any, will have to be borne by the Market Maker/Large Investor.Note: With effect from May 1, 2023, the minimum application amount for Large Investors shall be Rs. 25 Crores and in multiples of Creation Unit Size. Application for subscription of the ETF Units in Creation Unit Size can be made either:• in exchange of Cash* [as determined by the AMC equivalent to the cost incurred towards the purchase of predefined basket of securities that represent the Underlying Index (i.e. Portfolio Deposit)], Cash Component and other applicable transaction charges; or• in exchange of Portfolio Deposit [i.e. by depositing basket of securities constituting BSE 500 Index along with the cash component and applicable transaction charges. Each Creation Unit Size will consist of 4,15,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/1000th of the value of BSE 500 Index.*Cash means payments shall be made only by means of payment instruction of Real Time Gross Settlement (RTGS)/National Electronic Funds Transfer (NEFT) or Funds Transfer Letter/Transfer Cheque of a bank where the Scheme has a collection account. Redemption of Units of the ETF in Creation Unit Size will be allowed by means of exchange of Portfolio Deposit or in Cash.B. On the Stock Exchange: Investors (including Market Makers and Large Investors):Units of the ETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and/or BSE on which the Units will be listed.

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(2 changes)

Apr 2025

2 changes
  1. Nandita Menezes joined
    11 Apras co-manager
  2. Nirman Morakhia left
    11 Aprran it as co-manager from Feb 2023

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Feb 2023 – now)

  1. Abhishek Mor
  2. Arun Agarwal
  3. Nandita Menezes
  4. Nirman Morakhia
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Oct 2026)

Every change to the expense ratio, newest first.
1 filingRegularDirectΔ pt
15 Sept 20240.30%0.00%–
Direct plan, 15 Sept 2024
0.00%
Regular plan 0.30% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Oct 2026)

Objective

To generate returns that are commensurate (before fees and expenses) with the performance of the BSE 500 Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme replicating/tracking BSE 500 Index (TRI)
Benchmark
BSE 500 Index (TRI)

Asset allocation it may hold% of NAV

  1. Securities covered by BSE 500 Index
    Allowed95–100%
  2. Debt Securities & Money Market Instruments
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.1% equity

How to invest(8 Oct 2026)

Buying

To start
On an On-going Basis:A. Directly with the Fund - Market Makers/Large Investors:On an on going basis, only Market Makers (in Creation Unit Size) and Large Investors (with Minimum application amount of Rs. 25 Crores and in multiples of Creation Unit Size) may approach the Fund directly for subscription/redemption of units of the ETF at the Intra-Day NAV. Additionally, the transaction handling charges, if any, will have to be borne by the Market Maker/Large Investor.Note: With effect from May 1, 2023, the minimum application amount for Large Investors shall be Rs. 25 Crores and in multiples of Creation Unit Size. Application for subscription of the ETF Units in Creation Unit Size can be made either:• in exchange of Cash* [as determined by the AMC equivalent to the cost incurred towards the purchase of predefined basket of securities that represent the Underlying Index (i.e. Portfolio Deposit)], Cash Component and other applicable transaction charges; or• in exchange of Portfolio Deposit [i.e. by depositing basket of securities constituting BSE 500 Index along with the cash component and applicable transaction charges. Each Creation Unit Size will consist of 4,15,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/1000th of the value of BSE 500 Index.*Cash means payments shall be made only by means of payment instruction of Real Time Gross Settlement (RTGS)/National Electronic Funds Transfer (NEFT) or Funds Transfer Letter/Transfer Cheque of a bank where the Scheme has a collection account. Redemption of Units of the ETF in Creation Unit Size will be allowed by means of exchange of Portfolio Deposit or in Cash.B. On the Stock Exchange: Investors (including Market Makers and Large Investors):Units of the ETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and/or BSE on which the Units will be listed., then re. 1
Systematic
SIP, SWP, STP: Not Applicable
Dates
SIP, SWP, STP: Not Applicable
Minimum
SIP, SWP, STP: Not Applicable, then sIP, SWP, STP: Not Applicable
Instalments
SIP, SWP, STP: Not Applicable
Most
SIP, SWP, STP: Not Applicable

Selling and switching

To redeem
For Redemption of units directly with the Mutual Fund: (Market Makers & Large Investors)Mutual Fund will repurchase units from Market Makers / Large Investors on any Business Day in Creation Unit size at Intra-Day NAV, subject to applicable exit load; if any. Currently there is no Exit Load. The minimum redemption amount for Large Investors is Rs. 25 Crores and the application must be in multiples of Creation Unit Size. However, transaction charges payable to Custodian/Depository Participants, and other incidental charges relating to conversion of units into basket of securities may be deducted from redemption proceeds. or No minimum redemption criterion for Unit based redemption units
Minimum balance
There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
Switch minimum
During the on-going offer period of the Scheme, switch-in into the Scheme shall be permitted from eligible open ended Liquid and Debt/Income Funds. No Switch-out shall be allowed from the Scheme during ongoing basis.For availing this facility, Large Investors/Market Makers are requested to note the following operational modalities:a. Based on number of baskets the Investor wants to purchase in the Scheme, switchout amount from Liquid or Debt/Income Fund should be calculated basis the following:(No. of Baskets opted by investor x Units creation size x Previous day NAV of Switch-in Scheme) + 2%*.For e.g. if the investor wants to purchase 2 baskets and previous day’s NAV is Rs.24.00 the switch amount would be calculated as follows:[2 x 4,15,000 (unit Basket) x 24.00] + 2%*.= Rs. 2,03,18,400.00* The same is collected towards the difference in the value of portfolio and cost of purchase/sale of Portfolio Deposit on the Exchange for reation/redemption of the ETF Units including the Cash Component and transaction handling charges, if any.b.Accordingly investor should provide the switch request for Rs. 2,03,18,400.00 [as illustrated in point “a” (i.e. nearest to rupee)].c. Switch-out from the Liquid or Debt/Income Fund into the Scheme shall be accepted only in terms of amount in INR and not in terms of units.d. Switch transaction will be processed at the applicable NAV of the switch- out Scheme and only if the value is available in the switch-out Scheme.e. Based on the funding in the Scheme, investment for creation of portfolio deposit shall be carried out by the AMC in the securities market on the behalf of the investor.f. The Creation of Units will be subject to receipt of cost incurred towards the purchase of predefined basket of securities that represent the Underlying Index (i.e. Portfolio Deposit), Cash Component and transaction handling charges, if any. Thereafter, the Units will be credited into the Unit holder’s Depository Participant account. g. In case the amount of Portfolio Deposit and Cash Component is more than the switch funding amount, the purchase of Portfolio Deposit shall be carried out by the AMC in the securities market on the behalf of the investor on receipt of the shortfall amount. No kind of credit facility would be extended during creation of units. h. In case the amount of Portfolio Deposit and Cash Component is less than the switch funding amount, excess amount will be refunded to investor within 5 working days of transaction. Units of the switch-in Scheme shall be credited to investors demat account within 5 working days of transaction. or Same as above units
Switch most
Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable Switch out: Not applicable. units

Scheme details(8 Oct 2026)

What it is

Category
Exchange Traded Fund
Offer
30 Jan 2023 to 13 Feb 2023
Started
15 Feb 2023
Reopened
22 Feb 2023
Face value
The Face Value of each unit will be approximately 1/1000th Value of Underlying Index as on date of Allotment of Units for the New Fund Offer. On allotment, value of each unit will be approximately equal to 1/1000th of the value of BSE 500 Index
Listed
Listed on the Capital Market Segment of the NSE and BSE

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
SBI-SG Global Securities Services Private Limited
Auditor
S.R. Batliboi & Co. LLP – Chartered Accountants
Registrar
Computer Age Management Services Limited
SEBI code
HDFC/O/O/EET/22/10/0111