HDFC Mutual Fund Reopens BSE REITs and Commercial Real Estate Index Fund

Key Takeaways:

• HDFC Mutual Fund has reopened its BSE REITs and Commercial Real Estate Index Fund for ongoing subscriptions. 
• The scheme's NFO was held from September 15 to September 17, 2026. 
• The passive fund tracks the BSE REITs and Commercial Real Estate Index. 

HDFC Mutual Fund has reopened the HDFC BSE REITs and Commercial Real Estate Index Fund for ongoing subscriptions following the completion of its New Fund Offer earlier in September. 

The fund's NFO was open from September 15 to September 17, 2026. HDFC Mutual Fund subsequently announced the reopening of the scheme for regular transactions. 

The scheme is a passive fund designed to track the BSE REITs and Commercial Real Estate Index. 

Its underlying index provides exposure to listed real estate investment trusts as well as eligible companies linked to the commercial real estate segment. 

REIT Exposure Through An Index Strategy 

REITs are listed investment vehicles that hold income-generating real estate assets. Their returns can be influenced by rental income, occupancy levels, asset valuations, interest rates and the market prices at which REIT units trade. 

By following an index, the HDFC scheme differs from an actively managed real estate-oriented portfolio where individual security weights may be determined through discretionary security selection. 

Instead, its portfolio is constructed with the objective of replicating the underlying index, subject to the scheme's expenses and tracking error. 

The reopening is an operational change following the end of the initial NFO period rather than the launch of a second offer. Investors can now access the scheme through the ongoing subscription process under the terms specified by the fund house. 

The product also adds to the growing range of passive strategies in India's mutual fund market, where index-based products now cover segments extending beyond broad-market equity benchmarks to bonds, commodities and specialised themes.