Metals: The Hidden Engine Powering India’s Next Decade of Growth

Introducing HDFC Nifty Metal ETF and HDFC Nifty Metal ETF FOF - A Diversified Gateway into India’s Metals Opportunity

India continues to strengthen its position as one of the fastest growing major economies, supported by an expanding industrial, manufacturing, and infrastructure backbone. Among the sectors contributing to this progress, metals stand out as one of the foundational enabler - from steel powering public infrastructure to aluminium and copper supporting EVs, renewable energy, and data intensive industries.

Source: NSE Indices Ltd. and internal calculations. As on Jun 30, 2026. ^ Jan 01, 2004 is the inception date for the Nifty Metal TRI. Past performance may or may not be sustained in the future and is not a guarantee of any future returns. HDFC AMC/Mutual Fund is not guaranteeing or promising or forecasting any re turns. *CAGR: Compounded Annual Growth Rate

While past performance does not guarantee future results, this historical trend reflects the sector’s ability to navigate cycles and benefit from structural demand.

Multiple long-term growth drivers 
Growth from traditional capex and manufacturing, along with new age industries like AI / data centres, renewable energy and EV adoption could support long-term demand for industrial metals.

Long growth runway ahead for these demand drivers 
India's per capita consumption of key metals remains well below global peers, indicating scope for sustained demand growth. 
Source: Copper Vision Document 2047 (Ministry of Mines, April 2025)

Supportive policy environment 
Government initiatives including infrastructure spending, PLI schemes etc. can continue to support the sector. 
PLI - Production Linked Incentive

Diversified exposure through a single investment 
Gain exposure to leading metal and mining companies through a single fund, without the need for individual stock selection

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*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them
#The product labeling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made. For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com

^Investors in the Scheme shall bear the recurring expenses of the Scheme in addition to the expenses of other schemes in which this Fund of Funds scheme makes investment (subject to regulatory limits)

HDFC Bank (Sponsor of HDFC Mutual Fund) is not liable or responsible for any loss or shortfall resulting from the operations of the scheme(s).

NIFTY Disclaimer: HDFC Nifty Metal ETF / HDFC Nifty Metal ETF FOF "(the Product)" offered by HDFC Asset Management Company Limited are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Product linked to Nifty Metal Index (TRI) or particularly in the ability of the Nifty Metal Index (TRI) to track general stock market performance in India. Please read the full Disclaimers in relation to Nifty Metal Index (TRI) in the SID of the Product.

The scheme(s) being sectoral in nature carries higher risks versus diversified equity mutual funds on account of concentration and sector specific risks

Views expressed above are indicative and should not be construed as investment advice or as a substitute for financial planning. Due to the personal nature of investments, investors are advised to seek professional advice before investing.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.