Choice Nifty Next 50 Index Fund Direct Growth

Choice Nifty Next 50 Index Fund Direct Growth
Very High Risk
Launch date19 Mar 2026
Allotment date10 Apr 2026
End date02 Apr 2026
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Exit load
19 Mar 2026
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Expense ratio, exit load and taxExpense ratio: --Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implication--
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementRochan Pattnayak
Mar 2026 - Present
View details
Education
Mr. Pattnayak has done MBA
Experience
Prior to joining Choice Mutual Fund, he was associated with Quant Mutual Fund, Edelweiss Asset Management, Indus Equity Advisors and Wolverine Equities & Markets UK.
Fund house & investment objective
Choice Mutual Fund
Rank (total assets)--
Total AUM₹79.37Cr
Date of Incorporation01 Aug 2025
    Choice Nifty Next 50 Index Fund Direct Growth is a -- Mutual Fund Scheme launched by Choice Mutual Fund.     This scheme was made available to investors on 01 Aug 2025.     Rochan Pattnayak is the Current Fund Manager of Choice Nifty Next 50 Index Fund Direct Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹79 Cr and     the Latest NAV as of 19 Mar 2026 is ₹10.00.  

    The Choice Nifty Next 50 Index Fund Direct Growth is rated Very High risk.     Minimum SIP Investment is set to ₹500.     Minimum Lumpsum Investment is ₹1,000.     
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Investment ObjectiveThe scheme seeks to generate returns that are commensurate with the performance of the Nifty Next 50 index (TRI). subject to tracking error. 
 
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Fund benchmarkNIFTY Next 50 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
Sunil Patodia Tower, Plot No. 156-158
J.B. Nagar, Andheri (East), Mumbai City - Maharashtra, India Mumbai  400099
Phone
69419999 - 943
Launch Date
01 Aug 2025
E-mail
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Website
https://choicemf.com/
Peer ComparisonFund nameRating1Y3YFund Size(Cr)
Franklin India Mid Cap Fund Direct Growth
3
6.3%21.2%12,327.87
Nippon India Small Cap Fund Direct Growth
4
7.4%20.6%67,641.50
Franklin India Small Cap Fund Direct Growth
3
5.3%18.1%12,934.43
HDFC Small Cap Fund Direct Growth
4
9.9%17.7%37,423.94
Franklin India Technology Fund Direct Growth
--
-5.0%16.2%1,670.19

Rank (total assets)	--
Total AUM	₹79.37Cr

Date of Incorporation	01 Aug 2025

Fund benchmark	NIFTY Next 50 Total Return Index

Fund name	Rating	1Y	3Y	Fund Size(Cr)
Franklin India Mid Cap Fund Direct Growth	3	6.3%	21.2%	12,327.87
Nippon India Small Cap Fund Direct Growth	4	7.4%	20.6%	67,641.50
Franklin India Small Cap Fund Direct Growth	3	5.3%	18.1%	12,934.43
HDFC Small Cap Fund Direct Growth	4	9.9%	17.7%	37,423.94
Franklin India Technology Fund Direct Growth	--	-5.0%	16.2%	1,670.19