March 28, 2024
mayank
HSBC Nifty Next 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 26.1540
NAV IDCW: Rs 26.1540
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Praveen Ayathan
Education: Mr. Praveen is a B.Sc (Mathematics).
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T MF, Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
2) Rajeesh Nair
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 30 days |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 16-Apr-20 |
| Return Since Launch | 27.57% |
| Benchmark | NIFTY Next 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 93 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.35% |
| (As on 29-Feb-2024) | |
| Risk Grade | High |
| Return Grade | Average |
| Turnover | 35.00% |
Trailing Returns (%) of HSBC Nifty Next 50 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Nifty Next 50 Index Dir | 12.31 | 0.13 | 1.25 | 13.72 | 32.50 | 60.65 | 21.03 | — | — | — |
| S&P BSE 100 TRI | 3.23 | 0.46 | -0.21 | 3.75 | 14.70 | 35.79 | 17.75 | — | — | — |
| Equity: Large Cap | 5.65 | 0.34 | 0.03 | 6.35 | 19.26 | 43.14 | 18.55 | — | — | — |
| Rank within category | 12 | 77 | 14 | 12 | 13 | 15 | 16 | — | — | — |
| Number of funds in category | 98 | 103 | 101 | 98 | 97 | 93 | 63 | 54 | 43 | 43 |
Peer Comparison of HSBC Nifty Next 50 Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HSBC Nifty Next 50 Index Dir | 2 star | 60.65 | 21.03 | — | 0.35 | 93 | 27.57 | 1.00 (30) | 3Y 11M | 35.00 |
| DSP Nifty 50 Equal Weight Index Dir | 4 star | 44.95 | 21.90 | 17.78 | 0.40 | 1,118 | 13.74 | — | 6Y 5M | 24.00 |
| UTI Nifty 50 Index Dir | 3 star | 31.44 | 16.14 | 15.10 | 0.21 | 15,649 | 13.27 | — | 11Y 2M | 4.00 |
| HDFC Index Nifty 50 Dir | 3 star | 31.44 | 16.10 | 15.00 | 0.20 | 12,614 | 13.40 | 0.25 (3) | 11Y 2M | 3.84 |
| ICICI Pru Nifty 50 Index Dir | 3 star | 31.41 | 16.11 | 15.08 | 0.17 | 6,955 | 13.35 | — | 11Y 2M | 10.00 |
Portfolio Analysis of HSBC Nifty Next 50 Index Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 34.66% |
| Top 5 Stocks | 19.76% |
| Top 3 Sectors | 46.05% |
| Portfolio P/B Ratio | 4.90 |
| Portfolio P/E Ratio | 27.41 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,15,968 | 3,39,889 |
| Giant (%) | 21.63 | 67.89 |
| Large (%) | 75.42 | 27.31 |
| Mid (%) | 2.95 | 5.45 |
| Small (%) | — | 2.04 |
| Tiny (%) | — | — |
How to Invest in HSBC Nifty Next 50 Index Fund?
Chanakya’s Mutual Fund Guidance For HSBC Nifty Next 50 Index Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
Apply Online: https://invest.assetmanagement.hsbc.co.in/auth/login
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