HSBC Nifty Next 50 Index Fund Direct Growth

HSBC Nifty Next 50 Index Fund Direct Growth is a Equity 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 Next 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,18,706 Cr and the Latest NAV as of 10 Sep 2024 is ₹32.65. The HSBC Nifty Next 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 month. ;

Investment Objective

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