HSBC Nifty 50 Index Fund Direct Growth

HSBC Nifty 50 Index Fund Direct Growth is a Other Mutual Fund Scheme launched by HSBC Mutual Fund. This scheme was made available to investors on 27 May 2002. Praveen Ayathan is the Current Fund Manager of HSBC Nifty 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,221 Cr and the Latest NAV as of 28 Mar 2023 is ₹19.39. The HSBC Nifty 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. For units in excess of 10% of the investment,1% will be charged for redemption within one month. ;

Investment Objective

The scheme seeks to invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. ;