Investment Objectives: The scheme’s investment objective is to provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the scheme’s investment objective will be achieved.
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Investment Objectives: The scheme will adopt a passive investment strategy. The scheme invests in stocks comprising the Nifty 50 Index in the same proportion as in the Index, with the objective of achieving returns equivalent to Total Returns Index of Nifty 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 dividends. payments by the constituent stocks. However, there is no guarantee or assurance that the scheme’s investment objective will be achieved.
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| Period-Index Name | Nifty 50 TRI | Nifty Next 50 TRI |
|---|---|---|
| Last 5 years | 12.31% | 6.23% |
| Last 10 years | 13.17% | 13.95% |
| Last 15 years | 10.01% | 11.51% |
Compound Annualized returns, Source: MFI, Data as on 30th April, 2023
An index fund is a type of fund that follows the performance of a specific market index, such as the Nifty or the Sensex. These funds stick to their benchmark index regardless of what happens in the market.
Index funds offer low costs, diversification, consistent performance, passive management, and accessibility. They track the performance of a specific market index, providing exposure to a broad market or specific market segment. These benefits make index funds a popular choice for long-term investors.
Nifty 50 Index Funds are mutual funds that invest in the top 50 companies listed on the NSE in India. They aim to track the performance of the Nifty 50 index, which represents the overall performance of these 50 companies across various sectors of the Indian economy.
The Nifty Next 50 index represents the performance of the next 50 stocks in the order of their float market capitalization after the top 50 stocks on the NSE. These stocks could potentially become part of the Nifty 50 in the future. The Nifty Next 50 index offers exposure to mid-cap companies and is often considered a barometer of the Indian stock market's broader performance. It is a popular benchmark for fund managers and investors looking to invest in companies beyond the top 50.
