HSBC NIFTY NEXT 50 INDEX FUND - Direct Growth

Fund manager

Praveen Ayathan; Rajeesh Nair

Riskometer

Very High Risk

Type

Open Ended

Portfolio turnover

27%

Volatility (3Y)

17.6%

Rating (external)

—

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. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks. There is no assurance that the investment objective of the Scheme will be realized.