HDFC NIFTY Next 50 Index Fund Direct Growth

HDFC NIFTY Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 3 November, 2021. The fund is managed by Arun Agarwal, Nandita Menezes. The fund could potentially beat inflation in the long-run.

1. HDFC NIFTY Next 50 Index Fund Direct Growth has ₹1981 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
2. The fund has an expense ratio 0.3.
   

HDFC NIFTY Next 50 Index Fund Direct Growth has given a CAGR return of 13.54% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -7.19% and 16.66% respectively.

HDFC NIFTY Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Consumer Cyclical, Utilities, Basic Materials, Health, Energy, Corporate, Real Estate, Communication, Tech. Its top holdings are InterGlobe Aviation Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, TVS Motor Co Ltd, Vedanta Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Next 50 Index TRI (underlying Index), subject to tracking errors.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC NIFTY Next 50 Index Fund Direct Growth has no lock in period.