HDFC Mutual Fund has sought approval from Securities and Exchange Board of India (SEBI), to launch HDFC Low Volatility ETF.

This is an open-ended exchange-traded scheme and will invest up to 95% of its assets in securities covered by the S&P BSE Low Volatility Index, while the remaining will be deployed in debt and money market instruments, excluding subscription and redemption cash flow.

Read EquityPandit’s Technical Analysis of Indian Stock Market