Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The scheme aims to generate long-term capital appreciation by investing in equity and equity-related securities of companies in the financial services industry. It will include both lending and non-lending segments.
The portfolio will cover banks, non-banking financial institutions, stockbroking firms, asset management companies, depositories, credit rating agencies, insurance providers, fintech firms, and investment banking entities.
Gautam Bhupal, Senior Vice President, Fund Management – Equities, HSBC Mutual Fund, will manage the fund. The scheme will track the BSE Financial Services Index TRI as its benchmark.
Kailash Kulkarni, CEO of HSBC Mutual Fund, highlighted the financial sector’s expected growth, driven by India’s economic expansion.
“India’s GDP is projected to grow 8.8 times from its current $3.4 trillion to $30 trillion by 2047. The financial sector is expected to grow at twice this pace, supporting the country’s Viksit Bharat 2047 vision,” he said.
Venugopal Manghat, CIO-Equity, HSBC Mutual Fund, said the fund will follow a structured investment approach.
“We aim to generate long-term alpha through disciplined stock selection, company analysis, and portfolio monitoring. We will consider multiple factors, including industry trends, financial strength, management quality, and valuations,” he added.
As of December 31, 2024, HSBC Mutual Fund manages assets worth ₹1.25 lakh crore.
The firm operates across 64 locations in India and offers 44 open-ended funds, including equity, debt, hybrid, and index funds.
