HDFC NIFTY Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 19-11-2024
₹ 15.91
▲0.5%
1D
Inception Returns
16.5%
/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
- 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.
- The fund has an expense ratio 0.3.
Returns
HDFC NIFTY Next 50 Index Fund Direct Growth has given a CAGR return of 16.53% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 44.64% and 16.08% 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 benefitDividends 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
▲
▼
11479 people have invested ₹ 5.7Cr 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
Low tracking error in the category
No bad points found for this fund.
HDFC NIFTY Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.3% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹1713 Cr |
| Inception Date | 3 November, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 52.19% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Oct-24)
Large cap
91.7%
Mid cap
8.4%
Sector Allocation
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
- 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
- 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%
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%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.23 % to 4.23 %
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 %
Mid Cap allocation has gone up from 8.4% to 8.4%
Large Cap allocation has gone up from 91.7% to 91.7%
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%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Indian Railway Finance Corporation Ltd | 0.3% |
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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
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 16.53% since inception which is more than its category average return of 14.08%
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
This fund has AUM of ₹1713 Cr which is more than its category average of ₹ 826 Cr
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 ₹15.91 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
HDFC NIFTY Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -8.72% | -8.72% |
6 Month Returns | 1.01% | 1.01% |
1 Year Returns | 44.64% | 44.64% |
3 Years Returns | 56.42% | 16.08% |
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 October 2024
₹1713 Cr as on October 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 October 2024
Financial Services(22.62%), Industrial(18.72%), Basic Materials(12.39%) as on October 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 | -0.66 | - | - |
As on October 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 | - | - |
As on October 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 | 2.35 | - | - |
As on October 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 | 17.76 | - | - |
As on October 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.
The Exit load of HDFC NIFTY Next 50 Index Fund Direct Growth is 0%