This Nifty Next 50 Index Fund Has Given 50.58% Returns Since Its Inception, Check Portfolio

Nifty Next 50 Index funds track the performance of 50 companies from the constituents of the Nifty 100 Index after excluding the constituents of the Nifty 50 Index. These funds are new to the market. We have given insights into one such fund here.

Motilal Oswal Nifty Next 50 Index Fund (MOFNEXT50) - Direct Plan-Growth

This fund was launched on 23 December 2019 by the Motilal Oswal Mutual Fund. It is a large-cap equity fund. This fund is an open-ended medium-sized fund of its category.

This fund's AUM or Asset under Management is Rs 102.53, whereas, the NAV declared on 07th April 2022 is Rs 15.0576. The expense ratio of this fund is 0.32%, which is higher than its category average expense ratio. 

It is a moderately risky fund for investment and it doesn't guarantee returns. For investment in this fund, the minimum amount required is Rs 500, and For Sip, it is also Rs 500. The fund's benchmark is Nifty Next 50 TRI.

As mentioned above, the Scheme aims to provide an investment return that is comparable to the Nifty Next 50 Index, subject to tracking error.

 

 

Absolute And Annualised Returns

Lump-Sum Investment Returns

This fund is new and has given good returns since its inception. In the last 1 year, the fund has given 22.46%, whereas, since its inception, it has given 19.57% average annual returns.

Investment Period	Absolute Returns	Annualised Returns
1 Year	22.46%	22.46%
2 Year	95.93%	39.98%
Since Inception	50.58%	19.57%

SIP Returns

SIP Period	Absolute Returns	Annualised Returns
1 Year	7.37%	13.93%
2 Year	30.45%	27.89%

 

Portfolio

The fund is invested in Indian equities to the tune of 100.15 per cent, with 58.02 per cent in big-cap stocks, 31.62 per cent in mid-cap stocks, and 4.25 per cent in small-cap stocks.

The Services, Healthcare, Financial, Consumer Staples, and Capital Goods sectors account for the majority of the fund's holdings. In comparison to other funds in the category, it has less exposure to the Services and Healthcare sectors.

Adani Green Energy Ltd., Vedanta Ltd., Avenue Supermarts Ltd., Apollo Hospitals Enterprise Ltd., and Adani Enterprises Ltd. are the fund's top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.