HDFC Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘HDFC Nifty Metal ETF’. The New Fund Offer price for units would be 1/100th of the Value of the Underlying Index during NFO. Entry load and Exit load will be nil. The Scheme does not offer any options/ plans investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against Nifty Metal Index (TRI). The minimum application amount during NFO will be Rs 500 and in multiples of Rs 1 thereafter.The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty Metal Index (TRI).