Exchange Traded Funds (ETFs)
Exchange Traded Funds, or ETFs, are essentially Index Funds that are listed and traded on exchanges like stocks. An ETF is a basket of stocks, bonds or commodities that reflect the composition of an Index, like S&P CNX Nifty or BSE Sensex. The current trading value of ETFs is derived from the net asset value of underlying stocks/ commodities that it represents.
ETFs have gained wider acceptance, especially from risk-averse traders, as they are suitable for investors who find it difficult to identify stocks for their portfolio. Various mutual funds also provide ETF investment products that attempt to replicate the benchmark indices on the BSE & NSE. Such Exchange Traded Funds provide returns that closely correspond to the total returns of the securities represented in the index.
Invest in ETF with HDFC securities to get exposure to different investment instruments.
Since the allotment price for ETF NFO is determined as per the Index price, hence it is not possible to predefine allotment, So customer has to manually edit the ETF listing price in his portfolio to get correct valuation.
There is option to edit the listing price in portfolio from there customer can set listing price to get correct valuation.