HDFC NIFTY Next 50 Index Fund
Large Cap IndexVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹16.65+0.55%1 day
- Return since launch
- 11.0%
- 52-week range
- ₹13.98 — ₹17.34
- AUM
- ₹2,709 Cr
HDFC NIFTY Next 50 Index Fund is a Large Cap Index equity fund from HDFC Mutual Fund with ₹2,709 Cr under management, launched in 2021. Over three years it has returned 7.5% a year, against 9.5% for its category. The expense ratio is 0.72% and the SEBI riskometer reading is Very High.
Performance
HDFC NIFTY Next 50 Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +7.0% against -5.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | +8.5 pts | -1.8% | -9.3% |
| 2Y | 5.5% | +7.3 pts | -1.8% | -4.0% |
| 3Y | 7.5% | −2.1 pts | 9.5% | -0.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | +0.6 pts | -4.3% | -3.9% |
| 3M | 0.6% | +2.6 pts | -2.0% | -2.4% |
| 6M | 15.8% | +10.1 pts | 5.7% | 3.3% |
| 1Y | 7.0% | +8.8 pts | -1.8% | -5.2% |
| 2Y | -3.5% | +1.8 pts | -5.2% | -5.4% |
| 3Y | 16.6% | +7.1 pts | 9.5% | 6.3% |
Since launch (22 Oct 2021): 11.0%
Calendar-year returns
Category average-0.3%
26.1%
26.6%
2.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.1% | −6.5 pts | 8.6% |
| 2024 | 26.6% | +12.2 pts | 14.4% |
| 2023 | 26.1% | +1.3 pts | 24.8% |
| 2022 | -0.3% | −4.4 pts | 4.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.71%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.56%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.15%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Next 50 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 6.24 | 6.39 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.29 | 1.28 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.66 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.85 | 0.86 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 20.03 | 19.95 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC NIFTY Next 50 Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.0%
- Other0.1%
Market cap split
- Large86.9%
- Mid13.1%
- P/E
- 20.08
- P/B
- 3.34
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Divi's Laboratories Ltd. | Healthcare | 4.74% | ₹128 Cr | +3.36% | +3.50% | +3.42% |
| TVS Motor Company Ltd. | Automobile | 4.02% | ₹109 Cr | +3.13% | +3.91% | +3.38% |
| Tata Motors Ltd. | Automobile | 3.87% | ₹105 Cr | +3.15% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.59% | ₹97.16 Cr | +3.24% | +3.19% | +3.61% |
| Adani Power Ltd. | Energy | 3.24% | ₹87.64 Cr | +4.00% | +2.38% | +2.08% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.16% | ₹85.71 Cr | +2.62% | +3.15% | +2.63% |
| Samvardhana Motherson International Ltd. | Automobile | 2.97% | ₹80.43 Cr | +2.56% | +2.55% | +1.80% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.93% | ₹79.29 Cr | +1.83% | +1.95% | +1.64% |
| Cummins India Ltd. | Capital Goods | 2.72% | ₹73.55 Cr | +3.15% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 2.58% | ₹70.01 Cr | +2.40% | +3.21% | +2.62% |
| The Indian Hotels Company Ltd. | Services | 2.55% | ₹69.12 Cr | +2.28% | +2.52% | +2.92% |
| Avenue Supermarts Ltd. | Services | 2.47% | ₹66.99 Cr | +2.37% | +2.44% | +3.07% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 2.47% | ₹67.00 Cr | +2.50% | +2.14% | +1.95% |
| Britannia Industries Ltd. | Consumer Staples | 2.44% | ₹66.01 Cr | +2.44% | +3.04% | +3.02% |
| Tata Power Company Ltd. | Energy | 2.28% | ₹61.74 Cr | +2.80% | +2.73% | +2.76% |
| Varun Beverages Ltd. | Consumer Staples | 2.16% | ₹58.40 Cr | +2.87% | +2.66% | +2.87% |
| HDFC Asset Management Company Ltd. | Financial | 2.10% | ₹57.02 Cr | +2.16% | — | — |
| Pidilite Industries Ltd. | Chemicals | 2.06% | ₹55.78 Cr | +1.83% | +1.99% | +2.07% |
| Indian Oil Corporation Ltd. | Energy | 2.05% | ₹55.45 Cr | +2.08% | +3.01% | +2.24% |
| Bajaj Holdings & Investment Ltd. | Financial | 1.98% | ₹53.69 Cr | +1.78% | +2.02% | +2.43% |
| Power Finance Corporation Ltd. | Financial | 1.93% | ₹52.23 Cr | +2.48% | +2.59% | +2.43% |
| Solar Industries India Ltd. | Chemicals | 1.93% | ₹52.38 Cr | +1.78% | +1.42% | — |
| GAIL (India) Ltd. | Energy | 1.89% | ₹51.07 Cr | +1.76% | +1.97% | +2.05% |
| Vedanta Ltd. | Metals & Mining | 1.86% | ₹50.32 Cr | +2.38% | +5.24% | +3.13% |
| Adani Energy Solutions Ltd. | Energy | 1.83% | ₹49.66 Cr | +2.09% | +1.51% | +1.21% |
| DLF Ltd. | Construction | 1.75% | ₹47.29 Cr | +1.51% | +1.67% | +2.08% |
| Bank Of Baroda | Financial | 1.74% | ₹47.19 Cr | +1.98% | +2.57% | +1.89% |
| Jindal Steel Ltd. | Metals & Mining | 1.74% | ₹47.14 Cr | +1.78% | +2.00% | +1.53% |
| United Spirits Ltd. | Consumer Staples | 1.73% | ₹46.95 Cr | +1.49% | +1.75% | +1.70% |
| Bosch Ltd. | Automobile | 1.70% | ₹45.98 Cr | +1.25% | +1.35% | +1.52% |
| Canara Bank | Financial | 1.68% | ₹45.49 Cr | +1.75% | +2.28% | +1.54% |
| LTM Limited | Technology | 1.66% | ₹44.99 Cr | +1.50% | +1.78% | +2.09% |
| Adani Green Energy Ltd. | Capital Goods | 1.60% | ₹43.45 Cr | +1.97% | +1.25% | +1.23% |
| REC Ltd. | Financial | 1.59% | ₹43.08 Cr | +1.68% | +1.88% | +1.92% |
| ABB India Ltd. | Capital Goods | 1.58% | ₹42.79 Cr | +1.52% | +1.37% | +1.15% |
| Punjab National Bank | Financial | 1.55% | ₹41.97 Cr | +1.45% | +1.92% | +1.53% |
| Union Bank of India | Financial | 1.44% | ₹38.88 Cr | +1.29% | — | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 1.43% | ₹38.64 Cr | +1.65% | +2.11% | +2.20% |
| Siemens Ltd. | Capital Goods | 1.40% | ₹38.04 Cr | +1.35% | +1.30% | +1.19% |
| Lodha Developers Ltd. | Construction | 1.31% | ₹35.47 Cr | +1.05% | +1.20% | +1.47% |
| Muthoot Finance Ltd. | Financial | 1.26% | ₹34.07 Cr | +1.42% | — | — |
| Hyundai Motor India Ltd. | Automobile | 1.24% | ₹33.53 Cr | +1.09% | +1.33% | +1.54% |
| Shree Cement Ltd. | Materials | 1.22% | ₹33.10 Cr | +1.35% | +1.50% | +1.72% |
| Zydus Lifesciences Ltd. | Healthcare | 1.14% | ₹30.99 Cr | +1.07% | +0.99% | +1.08% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.13% | ₹30.54 Cr | +1.09% | +1.13% | — |
| Siemens Energy India Ltd. | Energy | 1.13% | ₹30.48 Cr | +1.36% | +1.12% | — |
| Ambuja Cements Ltd. | Materials | 0.98% | ₹26.68 Cr | +1.09% | +1.31% | +1.62% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.74% | ₹20.09 Cr | +0.74% | +0.73% | — |
| Tata Capital Ltd. | Financial | 0.73% | ₹19.76 Cr | +0.53% | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.66% | ₹17.88 Cr | +0.78% | +0.80% | +0.93% |
| Others | Others | 0.05% | ₹1.72 Cr | -0.32% | -0.14% | -0.96% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Divi's Laboratories Ltd. | 4.03% | 4.74% | +0.71% |
| Power Finance Corporation Ltd. | 2.43% | 1.93% | -0.50% |
| Samvardhana Motherson International Ltd. | 2.62% | 2.97% | +0.35% |
| Bosch Ltd. | 1.40% | 1.70% | +0.30% |
| Adani Energy Solutions Ltd. | 2.13% | 1.83% | -0.30% |
| Tata Motors Ltd. | 3.59% | 3.87% | +0.28% |
| Godrej Consumer Products Ltd. | 1.69% | 1.43% | -0.26% |
| REC Ltd. | 1.83% | 1.59% | -0.24% |
| Adani Green Energy Ltd. | 1.83% | 1.60% | -0.23% |
| Tata Power Company Ltd. | 2.50% | 2.28% | -0.22% |
| Cummins India Ltd. | 2.94% | 2.72% | -0.22% |
| Varun Beverages Ltd. | 2.38% | 2.16% | -0.22% |
| Others | 0.16% | -0.05% | -0.21% |
| Adani Power Ltd. | 3.45% | 3.24% | -0.21% |
| Solar Industries India Ltd. | 1.77% | 1.93% | +0.16% |
| Shree Cement Ltd. | 1.37% | 1.22% | -0.15% |
| CG Power and Industrial Solutions Ltd. | 2.33% | 2.47% | +0.14% |
| Union Bank of India | 1.30% | 1.44% | +0.14% |
| Jindal Steel Ltd. | 1.61% | 1.74% | +0.13% |
| Hindustan Aeronautics Ltd. | 3.47% | 3.59% | +0.12% |
| Hindustan Zinc Ltd. | 1.02% | 1.13% | +0.11% |
| Pidilite Industries Ltd. | 1.97% | 2.06% | +0.09% |
| Vedanta Ltd. | 1.77% | 1.86% | +0.09% |
| Siemens Ltd. | 1.31% | 1.40% | +0.09% |
| Ambuja Cements Ltd. | 1.06% | 0.98% | -0.08% |
| DLF Ltd. | 1.67% | 1.75% | +0.08% |
| ABB India Ltd. | 1.51% | 1.58% | +0.07% |
| Britannia Industries Ltd. | 2.51% | 2.44% | -0.07% |
| Muthoot Finance Ltd. | 1.32% | 1.26% | -0.06% |
| LTM Limited | 1.60% | 1.66% | +0.06% |
| Bajaj Holdings & Investment Ltd. | 1.93% | 1.98% | +0.05% |
| Lodha Developers Ltd. | 1.36% | 1.31% | -0.05% |
| Indian Railway Finance Corporation Ltd. | 0.71% | 0.66% | -0.05% |
| GAIL (India) Ltd. | 1.93% | 1.89% | -0.04% |
| Bharat Petroleum Corporation Ltd. | 2.55% | 2.58% | +0.03% |
| Bank Of Baroda | 1.77% | 1.74% | -0.03% |
| Canara Bank | 1.65% | 1.68% | +0.03% |
| Mazagon Dock Shipbuilders Ltd. | 0.71% | 0.74% | +0.03% |
| United Spirits Ltd. | 1.76% | 1.73% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 2.96% | 2.93% | -0.03% |
| Zydus Lifesciences Ltd. | 1.11% | 1.14% | +0.03% |
| TVS Motor Company Ltd. | 3.99% | 4.02% | +0.03% |
| Avenue Supermarts Ltd. | 2.49% | 2.47% | -0.02% |
| Hyundai Motor India Ltd. | 1.22% | 1.24% | +0.02% |
| Punjab National Bank | 1.53% | 1.55% | +0.02% |
| Cholamandalam Investment and Finance Company Ltd. | 3.15% | 3.16% | +0.01% |
| Indian Oil Corporation Ltd. | 2.06% | 2.05% | -0.01% |
| Tata Capital Ltd. | 0.72% | 0.73% | +0.01% |
| HDFC Asset Management Company Ltd. | 2.10% | 2.10% | 0.00% |
| Siemens Energy India Ltd. | 1.13% | 1.13% | 0.00% |
| The Indian Hotels Company Ltd. | 2.55% | 2.55% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,691 Cr | 0.72% | 6.8% | 7.6% | 12.8% |
 UTI Nifty Next 50 Index Fund | ₹7,547 Cr | 0.87% | 6.8% | 7.6% | 12.7% |
 SBI Nifty Next 50 Index Fund | ₹2,366 Cr | 0.76% | 6.8% | 7.6% | 12.7% |
 DSP Nifty Next 50 Index Fund | ₹1,407 Cr | 1.01% | 6.6% | 7.5% | 12.7% |
 Kotak Nifty Next 50 Index Fund | ₹1,295 Cr | 0.64% | 6.9% | 7.7% | 12.8% |
 Nippon India Nifty Next 50 Junior BeES FoF | ₹840 Cr | 0.30% | 6.8% | 7.8% | 13.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Arun AgarwalMr. Agarwal is a B.Com. and Chartered AccountantPrior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
- Nandita MenezesCA (ICAI, INDIA), B.Com (University of Mumbai)Prior to joining HDFC AMC, she was associated with S.V. Ghatalia & Associates LLP.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months15.83% absolute | ₹60,000 | ₹69,498 | 15.83% | |
| 1 year7.04% annualised | ₹1,20,000 | ₹1,24,676 | 3.90% | |
| 3 years16.63% annualised | ₹3,60,000 | ₹4,69,150 | 30.32% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC NIFTY Next 50 Index Fund?
The NAV of HDFC NIFTY Next 50 Index Fund is ₹16.65 as on 25 Sep 2026.
What is the expense ratio of HDFC NIFTY Next 50 Index Fund?
The expense ratio of HDFC NIFTY Next 50 Index Fund is 0.72% per year.
What is the minimum SIP amount for HDFC NIFTY Next 50 Index Fund?
You can start a SIP in HDFC NIFTY Next 50 Index Fund with ₹3,000 a month.
Is there a lock-in or exit load on HDFC NIFTY Next 50 Index Fund?
Lock-in: None. Exit load: 0%.
How risky is HDFC NIFTY Next 50 Index Fund?
HDFC NIFTY Next 50 Index Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap Index category.
Which fund house manages HDFC NIFTY Next 50 Index Fund?
HDFC NIFTY Next 50 Index Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.