Nifty Next 50 Fund: ABSL Mutual Fund launches the Nifty Next 50 Index Fund
The minimum request amount for this fund is Rs 100 and in multiples of Re 1 thereafter, during the NFO.
According to a press release, the program is suitable for investors seeking long-term capital growth. Since it is an index fund, investors do not need a Demat account to invest in the index and can benefit from both the Systematic Investment Plan (SIP) and the flat rate route. . Nifty Next 50 is a well-diversified index, with the consumer and materials sectors making up 25.6% and 20.1% respectively, followed by financials with 20%, as of January 15.
A. Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC, said, “Large caps offer stability, liquidity, better price discovery and high corporate governance. Particularly in times of volatility, large cap stocks are a must in an investor’s portfolio. And with exposure primarily to large caps, lower concentration and better sub-sector representation, the Nifty Next 50 Index Fund offers investors an ideal way to invest in potential future bluechips.
He added, “The Nifty Next 50 Index has consistently yielded better 3-year rolling returns than the Nifty 50 Index. From 2002 to date, the Nifty Next 50 Index has yielded a CAGR of 21.8% per year, significantly higher than the Nifty 50 Index CAGR of 18.2% per year over the same period. The Aditya Birla Sun Life Nifty Next 50 Index Fund thus offers investors the opportunity to benefit from better risk-adjusted returns at a low cost.