HSBC NIFTY NEXT 50 INDEX FUND - Regular IDCW

HSBC NIFTY NEXT 50 INDEX FUND - Regular IDCW is a scheme launched by HSBC Mutual Fund on April 16, 2020, and falls under the Index fund category. It currently manages an AUM of Rs 134.76 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.8% for managing the portfolio.

• Investing Strategy:

  The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 50 index by minimizing the performance difference between the benchmark index and the scheme.

• Performance:

  HSBC NIFTY NEXT 50 INDEX FUND - Regular IDCW trailing returns over different times are -9.13% (1 year), 17.92% (3 year) and 20.02% (5 year). The average annual return of this fund stands at 0.45%.