Choice Nifty Next 50 Index Fund vs HSBC NIFTY Next 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Choice Nifty Next 50 Index Fund is an Index fund and HSBC NIFTY Next 50 Index Fund is a mutual fund. Choice Nifty Next 50 Index Fund charges 0.72% a year and HSBC NIFTY Next 50 Index Fund 0.46% (Direct plans). Their portfolios overlap 99.9%: they hold 50 of the same securities.
Which is better, Choice Nifty Next 50 Index or HSBC NIFTY Next 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC NIFTY Next 50 Index costs less: 0.46% a year against 0.72% (Direct plans).
- Choice Nifty Next 50 Index fell less in its worst fall since 09-04-2026: −11.8% against −11.9%.
- HSBC NIFTY Next 50 Index is the larger fund: ₹184 Cr against ₹20 Cr.
- Their portfolios overlap 99.9%: 50 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Choice Nifty Next 50 Index Fund | HSBC NIFTY Next 50 Index Fund |
|---|---|---|
| Fund house | Choice Mutual Fund | HSBC Mutual Fund |
| Category | Index | Not available |
| AUM | ₹20 Cr (30-09-2026) | ₹184 Cr (30-09-2026) |
| NAV | ₹10.54 (Direct) | ₹29.75 (Direct) |
| Expense ratio (Direct) | 0.72% | 0.46% |
| Expense ratio (Regular) | 1.12% | 0.81% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Next 50 TRI | Not available |
| Launch date | 10-04-2026 | Not available |
| Minimum investment | Initial investment (including switch-ins) - Rs. 1000/- | Not available |
| Lock in | None | Not available |
| Fund managers | 1 Mr. Rochan Pattnayak, Khushi Sancheti, Diksha Upadhyay | Not available |
| Exit load | Nil | Not available |
Choice Nifty Next 50 Index vs HSBC NIFTY Next 50 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Choice Nifty Next 50 Index Fund (Direct) | −2.88% | −6.66% | −2.74% | -- | -- | -- | -- |
| HSBC NIFTY Next 50 Index Fund (Direct) | −2.87% | −6.66% | −2.36% | −3.09% | +15.80% | -- | -- |
Choice Nifty Next 50 Index vs HSBC NIFTY Next 50 Index: Year-wise Returns
| Year | ChoiceChoice Nifty Next 50 Index | HSBCHSBC NIFTY Next 50 Index | Nifty Next 50 TRI |
|---|---|---|---|
| 2026to date | -- | −2.08% | −1.53% |
| 2025 | -- | +2.35% | +2.90% |
| 2024 | -- | +27.45% | +28.37% |
| 2023 | -- | +26.70% | +27.24% |
Choice Nifty Next 50 Index vs HSBC NIFTY Next 50 Index: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of both
Choice Nifty Next 50 Index vs HSBC NIFTY Next 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Choice Nifty Next 50 Index Fund (Direct) | HSBC NIFTY Next 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.08% | +12.54% |
| Standard deviation | 15.27% | 17.16% |
| Sharpe ratio | -0.08 | 0.37 |
| Sortino ratio | -0.11 | 0.49 |
| Maximum drawdown | −11.8% (23-10-2026) | −26.6% (28-02-2025) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.87% | −0.66% |
From daily NAVs, 09-04-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Choice Nifty Next 50 Index Fund (Direct)
HSBC NIFTY Next 50 Index Fund (Direct)
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Choice Nifty Next 50 Index Fund (Direct) | −11.8% | 10-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| HSBC NIFTY Next 50 Index Fund (Direct) | −11.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Nifty Next 50 TRI | −11.8% | 10-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
From daily values since 09-04-2026, the first day every fund has.
Choice Nifty Next 50 Index vs HSBC NIFTY Next 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Choice Nifty Next 50 Index Fund, September 2026; HSBC NIFTY Next 50 Index Fund, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in Choice Nifty Next 50 Index
- 0
- Only in HSBC NIFTY Next 50 Index
- 0
| Security | % of Choice Nifty Next 50 Index | % of HSBC NIFTY Next 50 Index |
|---|---|---|
| Divi's Laboratories Ltd. | 4.83% | 4.83% |
| TVS Motor Company Ltd. | 3.95% | 3.95% |
| Hindustan Aeronautics Ltd. | 3.62% | 3.62% |
| Tata Motors Ltd. | 3.61% | 3.61% |
| Adani Power Ltd. | 3.47% | 3.47% |
| Samvardhana Motherson International Ltd. | 2.95% | 2.95% |
| Torrent Pharmaceuticals Ltd. | 2.89% | 2.89% |
| Cholamandalam Investment & Finance Co. Ltd. | 2.88% | 2.88% |
| Vedanta Aluminium Metal Ltd. | 2.86% | 2.87% |
| Cummins India Ltd. | 2.63% | 2.63% |
| Avenue Supermarts Ltd. | 2.51% | 2.51% |
| Bharat Petroleum Corporation Ltd. | 2.49% | 2.49% |
| Tata Power Company Ltd. | 2.47% | 2.47% |
| Varun Beverages Ltd. | 2.42% | 2.42% |
| CG Power and Industrial Solutions Ltd. | 2.40% | 2.40% |
| Britannia Industries Ltd. | 2.33% | 2.33% |
| Indian Oil Corporation Ltd. | 2.06% | 2.06% |
| Solar Industries India Ltd. | 1.96% | 1.96% |
| Power Finance Corporation Ltd. | 1.94% | 1.94% |
| Bajaj Holdings & Investment Ltd. | 1.91% | 1.91% |
| HDFC Asset Management Co. Ltd. | 1.91% | 1.91% |
| GAIL (India) Ltd. | 1.88% | 1.88% |
| Vedanta Ltd. | 1.87% | 1.87% |
| Pidilite Industries Ltd. | 1.86% | 1.86% |
| DLF Ltd. | 1.77% | 1.77% |
| Polycab India Ltd. | 1.76% | 1.76% |
| Wipro Ltd. | 1.76% | 1.76% |
| Adani Energy Solutions Ltd. | 1.76% | 1.76% |
| Adani Green Energy Ltd. | 1.75% | 1.75% |
| Bank of Baroda | 1.75% | 1.75% |
| Jindal Steel Ltd. | 1.72% | 1.72% |
| Bosch Ltd. | 1.67% | 1.67% |
| Canara Bank | 1.64% | 1.64% |
| Hitachi Energy India Ltd. | 1.60% | 1.60% |
| Punjab National Bank | 1.59% | 1.59% |
| LTM Ltd. | 1.54% | 1.54% |
| Vodafone Idea Ltd. | 1.46% | 1.46% |
| ABB India Ltd. | 1.46% | 1.46% |
| Godrej Consumer Products Ltd. | 1.40% | 1.40% |
| Union Bank of India | 1.35% | 1.35% |
| Siemens Ltd. | 1.35% | 1.35% |
| Muthoot Finance Ltd. | 1.20% | 1.20% |
| Zydus Lifesciences Ltd. | 1.18% | 1.18% |
| Hyundai Motor India Ltd. | 1.18% | 1.18% |
| Siemens Energy India Ltd. | 1.16% | 1.16% |
| Hindustan Zinc Ltd. | 1.11% | 1.11% |
| Ambuja Cements Ltd. | 0.95% | 0.95% |
| TATA Capital Ltd. | 0.74% | 0.74% |
| Indian Railway Finance Corporation Ltd. | 0.73% | 0.73% |
| Mazagon Dock Shipbuilders Ltd. | 0.66% | 0.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Choice Nifty Next 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in HSBC NIFTY Next 50 Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Choice Nifty Next 50 Index | HSBC NIFTY Next 50 Index |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | Choice Nifty Next 50 Index | HSBC NIFTY Next 50 Index |
|---|---|---|
| Large Cap | 95.3% | 95.3% |
| Mid Cap | 4.7% | 4.7% |
| Small Cap | 0.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Choice Nifty Next 50 Index | HSBC NIFTY Next 50 Index |
|---|---|---|
| Power | 9.4% | 9.4% |
| Finance | 9.4% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.9% |
| Electrical Equipment | 8.0% | 8.0% |
| Banks | 6.3% | 6.3% |
| Automobiles | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Choice Nifty Next 50 Index vs HSBC NIFTY Next 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Choice Nifty Next 50 Index Fund | HSBC NIFTY Next 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.72% | 0.46% |
| Base expense ratio (Direct) | 0.22% | 0.28% |
| Total expense ratio (Regular) | 1.12% | 0.81% |
| Base expense ratio (Regular) | 0.56% | 0.58% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Choice Nifty Next 50 Index Fund vs HSBC NIFTY Next 50 Index Fund: Frequently Asked Questions
What is the difference between Choice Nifty Next 50 Index Fund and HSBC NIFTY Next 50 Index Fund?
Choice Nifty Next 50 Index Fund is an Index fund, HSBC NIFTY Next 50 Index Fund is a mutual fund, run by Choice Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 99.9%. Choice Nifty Next 50 Index Fund charges 0.72% a year and HSBC NIFTY Next 50 Index Fund 0.46%.
Which has the lower expense ratio, Choice Nifty Next 50 Index Fund or HSBC NIFTY Next 50 Index Fund?
HSBC NIFTY Next 50 Index Fund charges less: 0.46% a year against 0.72%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Choice Nifty Next 50 Index Fund and HSBC NIFTY Next 50 Index Fund overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being DIVISLAB, TVSMOTOR, HAL. From each fund's latest monthly portfolio.
Can I invest in both Choice Nifty Next 50 Index Fund and HSBC NIFTY Next 50 Index Fund?
Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.