HSBC Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 19.7 as on 26-09-2023
Fund Performance
200 people have invested ₹ 5.3L in HSBC Nifty Next 50 Index Fund Direct Growth in the last three months
Fund Insights
Over the last 6 months, this fund has experienced a 27.2% growth in AUM moving from 55.78 Cr to 70.96 Cr.
In the last 3 years, DSP Nifty Next 50 Index Fund Direct Growth has given 20.18% return, outperforming this fund by 0.33% per annum.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.52%.
In the last 1 year, Kotak Nifty Next 50 Index Fund Direct Growth has given 7.53% return, outperforming this fund by 0.6%.
INDmoney Rank
Powered by IND quant engine
7
/11
68% Performance
0% Cost
7 out of 11 among Index-Nifty-Next-50
Pros
Hold on while we find any good points for this fund.
Cons
3Y returns in the bottom 25% of the category
Smaller AUM within category
About the Fund
HSBC Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 17 April, 2020. The fund is managed by Praveen Ayathan. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC Nifty Next 50 Index Fund Direct Growth has ₹71 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.4.
HSBC Nifty Next 50 Index Fund Direct Growth Overview
 | 0.35% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹71 Cr |
 | 17 April, 2020 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 53.52% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
87%
Mid cap
12.9%
Sector Allocation
Basic Materials
20.4%
Financial Services
18.9%
Industrial
18.5%
Consumer Defensive
16.7%
Utilities
8%
Consumer Cyclical
7.2%
Communication
3.7%
Energy
2.7%
Real Estate
2.5%
Health
1.4%
Top Holdings of HSBC Nifty Next 50 Index Fund Direct Growth as on (31-Aug-23)
Equity Holdings50
HSBC Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.88% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty Next 50 by 0.55% in Aug'23
AUM Change
- AUM of the fund stands at 71 Cr as of Aug'23
- AUM has remained same between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in HSBC Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 15.2% |
 Varun Beverages Ltd | 12.3% |
 Havells India Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Vedanta Ltd | -16.1% |
 Info Edge (India) Ltd | -7% |
 Bank of Baroda | -6.9% |
Peer Analysis
HSBC Nifty Next 50 Index Fund Direct Growth Fund Manager
Praveen Ayathan
Fund Manager of HSBC Nifty Next 50 Index Fund Direct Growth, since 17 April 2020
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.15% since inception which is more than its category average return of 14.19%
Fund Allocations
This fund has an allocation of 99.93% in Equity, 0% in Debt and 0.07% in Cash related instruments
AUM size ₹71 Cr
This fund has AUM of ₹71 Cr which is less than its category average of ₹ 554 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of HSBC Nifty Next 50 Index Fund Direct Growth is ₹19.71 as on 26-Sep-2023.
Existing (Absolute + CAGR) as on 26-Sep-2023.
HSBC Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.37% | 2.37% |
6 Month Returns | 20.44% | 20.44% |
1 Year Returns | 6.93% | 6.93% |
3 Years Returns | 72.15% | 19.85% |
5 Years Returns | 0% | 0% |
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0.35% as on August 2023
₹71 Cr as on August 2023
Bharat Electronics Ltd(3.88%), Cholamandalam Investment and Finance Co Ltd(3.6%), Pidilite Industries Ltd(3.12%), Godrej Consumer Products Ltd(3.09%), Hindustan Aeronautics Ltd Ordinary Shares(2.97%) as on August 2023
Basic Materials(20.38%), Financial Services(18.93%), Industrial(18.49%) as on August 2023
The alpha ratio for the HSBC Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Nifty Next 50 Index Fund Direct Growth | -0.51 | -0.57 | - |
As on August 2023
The alpha for HSBC 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 HSBC Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Nifty Next 50 Index Fund Direct Growth | 1 | 0.99 | - |
As on August 2023
The Beta for HSBC 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 HSBC 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 |
HSBC Nifty Next 50 Index Fund Direct Growth | -0.26 | 0.83 | - |
As on August 2023
The sharpe ratio for HSBC 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 HSBC 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 |
HSBC Nifty Next 50 Index Fund Direct Growth | 14.74 | 16.64 | - |
As on August 2023
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 1.46 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Praveen Ayathan is the fund manager of HSBC Nifty Next 50 Index Fund Direct Growth
The Exit load of HSBC Nifty Next 50 Index Fund Direct Growth is 1%