NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹28.99
0.45%
NAV as on 19 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
index funds
equity
44.04%p.a.
Last 1Y
15.55%p.a.
Last 3Y
0.00%p.a.
Last 5Y
26.78%p.a.
Since Inception
About HSBC Nifty Next 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Nifty Next 50 Index Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Apr 2020, HSBC Nifty Next 50 Index Fund Growth is Index Funds fund of its category with 130.33 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- HSBC Nifty Next 50 Index Fund Growth delivered 44.0% annual returns during the last year. It has delivered 26.8% average annual returns since the fund was launched.
- HSBC Nifty Next 50 Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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.
Top 10 Holdings
Hindustan Aeronautics Ltd Ordinary Shares
4.33%
Vedanta Ltd
4.22%
Divi's Laboratories Ltd
4.01%
Tata Power Co Ltd
3.99%
InterGlobe Aviation Ltd
3.76%
Power Finance Corp Ltd
3.55%
REC Ltd
3.50%
Siemens Ltd
3.31%
TVS Motor Co Ltd
3.14%
Info Edge (India) Ltd
3.11%
Fund Managers
- Praveen Ayathan (Apr 2020 - Present)
- Rajeesh Nair (Oct 2023 - Present)
Key Information
View Scheme Document
HSBC Nifty Next 50 Index Fund Growth SIP Calculator
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For a period of
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NRI Mutual Fund Tax on HSBC Nifty Next 50 Index Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Nifty Next 50 Index Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Nifty Next 50 Index Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
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3Y Return
UTI Nifty 50 Index Fund Plan Growth
very high risk | equity
10.7%
HDFC Nifty 50 Index Fund
very high risk | equity
10.6%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
10.6%
Frequently Asked Questions
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