HDFC NIFTY Next 50 Index Fund Direct Growth

HDFC NIFTY Next 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 03-12-2024

₹ 16.88

0.6%

1D

Inception Returns

18.2%

/yr

About 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 . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HDFC NIFTY Next 50 Index Fund Direct Growth has ₹1713 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

HDFC NIFTY Next 50 Index Fund Direct Growth has given a CAGR return of 18.19% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 46.75% and 19.09% respectively.

Holdings

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

Taxation

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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of HDFC NIFTY Next 50 Index Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
11860 people have invested ₹ 6.8Cr in HDFC NIFTY Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank for HDFC NIFTY Next 50 Index Fund Direct Growth

Powered by IND quant engine
1
/12
91% Performance
27% Cost
1 out of 12 among Index-Nifty-Next-50
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Low tracking error in the category
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No bad points found for this fund.

HDFC NIFTY Next 50 Index Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹1713 Cr
Inception Date3 November, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
52.19%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

Large cap
91.7%

Mid cap
8.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.6%
Industrial
18.7%
Basic Materials
12.4%
Utilities
9.7%
Consumer Cyclical
9.4%
Consumer Defensive
8.2%
Health
6.9%
Real Estate
3.2%
Communication
3.1%
Energy
2.9%
Tech
2.8%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-9.31%
2.33%
0.76%
Nifty Next 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -9.31% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty Next 50 by 3.14% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.8K Cr
₹ 1.8K Cr
₹ 1.7K Cr
  • AUM of the fund stands at 1.8K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.96% to 4.34%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.96% to 4.34%
Divi's Laboratories Ltd's allocation increased from 3.37% to 4.02%
Divi's Laboratories Ltd's allocation increased from 3.37% to 4.02%
Bank of Baroda's allocation increased from 2.25% to 2.51%
Bank of Baroda's allocation increased from 2.25% to 2.51%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.23 % to 4.23 %
Vedanta Ltd's allocation decreased from 4.23 % to 4.23 %
InterGlobe Aviation Ltd's allocation decreased from 4.03 % to 3.77 %
InterGlobe Aviation Ltd's allocation decreased from 4.03 % to 3.77 %
TVS Motor Co Ltd's allocation decreased from 3.25 % to 3.15 %
TVS Motor Co Ltd's allocation decreased from 3.25 % to 3.15 %
Mid Cap allocation has gone up from 8.4% to 8.4%
Mid Cap allocation has gone up from 8.4% to 8.4%
Large Cap allocation has gone up from 91.7% to 91.7%
Large Cap allocation has gone up from 91.7% to 91.7%
Cash allocation has gone down from -0.1% to -0.2%
Cash allocation has gone down from -0.1% to -0.2%

Top 3 Sectors in October were Financial Services, Industrial & Basic Materials

Oct'24
Financial Services
23%
Industrial
19%
Basic Materials
12%
Sep'24
Financial Services
22%
Industrial
19%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
20.4%
19.8%
22.2%
Company having highest exposure
Hindustan Aeronautics Ltd Ordinary Shares (4.3%)
Vedanta Ltd (4.2%)
Trent Ltd (6.8%)
No of Sectors
11
11
10
Top 5 Sectors Concentration
72.8%
73.1%
81%
Sector having highest exposure
Financial Services (22.6%)
Financial Services (22.4%)
Financial Services (21.9%)
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Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

HDFC NIFTY Next 50 Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.19% since inception which is more than its category average return of 16.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.17% in Equity, 0% in Debt and -0.17% in Cash related instruments
AUM size ₹1713 Cr

AUM size ₹1713 Cr

This fund has AUM of ₹1713 Cr which is more than its category average of ₹ 818 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for HDFC NIFTY Next 50 Index Fund Direct Growth

The current NAV of HDFC NIFTY Next 50 Index Fund Direct Growth is ₹16.88 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
HDFC NIFTY Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.84%
1.84%
6 Month Returns
5.39%
5.39%
1 Year Returns
46.75%
46.75%
3 Years Returns
68.9%
19.09%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.3% as on November 2024
₹1713 Cr as on November 2024
Hindustan Aeronautics Ltd Ordinary Shares(4.34%), Vedanta Ltd(4.23%), Divi's Laboratories Ltd(4.02%), Tata Power Co Ltd(3.99%), InterGlobe Aviation Ltd(3.77%) as on November 2024
Financial Services(22.62%), Industrial(18.72%), Basic Materials(12.39%) as on November 2024
The alpha ratio for the HDFC NIFTY Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC NIFTY Next 50 Index Fund Direct Growth
-0.62
-0.53
-
As on November 2024
The alpha for HDFC NIFTY Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC NIFTY Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC NIFTY Next 50 Index Fund Direct Growth
1
0.99
-
As on November 2024
The Beta for HDFC NIFTY Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC NIFTY Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
HDFC NIFTY Next 50 Index Fund Direct Growth
1.99
0.75
-
As on November 2024
The sharpe ratio for HDFC NIFTY Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC NIFTY Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
HDFC NIFTY Next 50 Index Fund Direct Growth
17.02
17.86
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.22 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of HDFC NIFTY Next 50 Index Fund Direct Growth is 0%