HSBC Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 27.06 as on 18-04-2024
Fund Performance
189 people have invested ₹ 9.2L in HSBC Nifty Next 50 Index Fund Direct Growth in the last three months
INDmoney Rank of HSBC Nifty Next 50 Index Fund Direct Growth
Powered by IND quant engine
9
/12
58% Performance
0% Cost
9 out of 12 among Index-Nifty-Next-50
Pros
Hold on while we find any good points for this fund.
Cons
Smaller AUM within category
About the HSBC Nifty Next 50 Index Fund Direct Growth
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 ₹100 Cr worth of assets under management (AUM) as on Mar 2024 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 |
 | ₹100 Cr |
 | 17 April, 2020 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 53.52% |
HSBC Nifty Next 50 Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
87.4%
Mid cap
12.4%
Sector Allocation
Financial Services
23.8%
Industrial
18.3%
Basic Materials
13.1%
Consumer Cyclical
12.2%
Consumer Defensive
11.7%
Utilities
9.2%
Energy
3.4%
Real Estate
3.2%
Health
2.7%
Communication
2.4%
Top Holdings of HSBC Nifty Next 50 Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
HSBC Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.76% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty Next 50 by 2.82% in Mar'24
AUM Change
- AUM of the fund stands at 92.8 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in HSBC Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 ABB India Ltd | 20.7% |
 Siemens Ltd | 19.9% |
 Interglobe Aviation Ltd | 18.7% |
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
HSBC Nifty Next 50 Index Fund Direct Growth 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 27.73% since inception which is more than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.8% in Equity, 0% in Debt and 0.2% in Cash related instruments
AUM size ₹100 Cr
This fund has AUM of ₹100 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of HSBC Nifty Next 50 Index Fund Direct Growth is ₹27.06 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
HSBC Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.86% | 6.86% |
6 Month Returns | 36.7% | 36.7% |
1 Year Returns | 61.4% | 61.4% |
3 Years Returns | 80.44% | 21.74% |
5 Years Returns | 0% | 0% |
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0.35% as on March 2024
₹100 Cr as on March 2024
Trent Ltd(4.79%), Bharat Electronics Ltd(3.97%), Tata Power Co Ltd(3.67%), Hindustan Aeronautics Ltd Ordinary Shares(3.43%), Indian Oil Corp Ltd(3.39%) as on March 2024
Financial Services(23.73%), Industrial(18.31%), Basic Materials(13.06%) as on March 2024
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 | -0.59 | -0.55 | - |
As on March 2024
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 | 1 | - |
As on March 2024
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 | 3.08 | 0.93 | - |
As on March 2024
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 | 13.76 | 16.84 | - |
As on March 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 1.64 as on March 2024. 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%