Investing in mutual funds via a Systematic Investment Plan (SIP) is a popular concept among investors looking to build wealth over time. Amongst all the investment options, Nifty Next 50 Index Mutual Funds are one of the best, offering simplicity, low costs, and the potential to offer substantial returns. In this blog, we’ll see five best Nifty Next 50 Funds that may be a good investment option for you. Let’s begin!
What are Nifty Next 50 Index Mutual Funds?
Nifty Next 50 Index Funds are typically the mutual funds replicating the performances of the 50 largest companies in India after Nifty 50. Simply put, these companies rank between 51st and 100th position in the National Stock Exchange of India based on market capitalization.
These investment funds are potential market leaders in India, offering low-cost and diversified investment options in long-term SIPs. Below, we’ve listed some of the best Nifty Next 50 Index to potentially invest in.
5 Best Nifty Next 50 Index Mutual Funds 2024
Here are the five best nifty next 50 index mutual funds in 2024.
1. DSP Nifty Next 50 Index Fund -Growth
DSP Nifty Next 50 Index Fund index is one of the reliable index funds, providing returns of 22.57% for 3 years. The DSP Mutual Fund team manages this Nifty Next 50 Index using their strong research capabilities and disciplined investment approach.
- NAV as of August 2024: ₹27.6228
- Fund Size: ₹720.45 Crores
- Expense Ratio: 0.79%
This fund makes 99.82% of its investments in domestic equities, including Large Cap Stocks (49.24%), Mid Cap Stocks (33.61%), and Small Cap Stocks (0.96%).
2. UTI Nifty Next 50 Index Fund – Growth
UTI Nifty Next 50 Index is another great investment option, offering 22.44% (as per 3-year data).
- NAV as of August 2024: ₹ 164.4575
- Fund Size: ₹ 19356.78 Crores
- Expense Ratio: 0.38%
This fund makes 99.51% investments across domestic equities, including Large Cap Stocks (81.85%) and Mid Cap Stocks (3.23%).
3. ICICI Prudential Nifty Next 50 Index Fund – Growth
This Nifty Next 50 Fund has provided substantial returns of 22.44% for three years, allowing potential investors to generate a good amount of money in the long term.
- NAV as of August 2024: ₹ 63.0112
- Fund Size: ₹ 6643.93 Crores
- Expense Ratio: 0.66%
They have 99% of investments in domestic equities, including Large-cap Stocks (49.24%), Mid Cap Stocks (33.6%), and Small Cap Stocks (0.96%).
4. SBI Nifty Next 50 Index Fund – Growth
This SBI fund is also a great investment option for SIPs, offering 22.49% returns in 3 years.
- NAV as of August 2024: ₹ 19.6605
- Fund Size: ₹ 1208.98 Crores
- Expense Ratio: 0.33%
This fund has made 99.97% of investments in domestic equities, including Large Cap Stocks (49.33%), Mid Cap Stocks (33.66%), and Small Cap Stocks (0.96%).
5. HDFC Nifty Next 50 Index Fund Direct – Growth
Last but not least, the HDFC Nifty Next 50 index Fund is also a great investment in terms of SIPs in the long term. It offers 17.7% growth returns (as per 3 years data).
- NAV as of August 2024: ₹ 16.8132
- Fund Size: ₹ 1684.87 Crores
- Expense Ratio: 0.3%
This fund has made 99.85% of investments in domestic equities, including Large Cap Stocks (49.26%), Mid Cap Stocks (33.61%), and Small Cap Stocks (0.96%).
Conclusion
In summary, these are the five best Nifty Next 50 investment options, allowing you to invest in a Systematic Investment Plan (SIP). You may also use a SIP calculator to determine your returns after a certain period of time. We hope this blog helps you know the best Nifty Next 50 Funds.
