Choice Nifty 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Choice Nifty 50 Index Fund Direct Growth Plan has a current NAV of ₹10.0498 as of 16 Sep 2026 and an AUM of ₹15 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme carries a High Risk profile. Our view is that this is a simple benchmark-linked option for investors who want Nifty 50 exposure in direct growth form, but the short history means there is no longer record to judge how steadily it tracks the index across different cycles.
The fund was launched on 07 Apr 2026, so the available track record is still very short. The current reading suggests it is best assessed as an early-stage index fund where low cost matters, but investors will need to accept that the performance picture is not yet mature.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.0498 as of 16 Sep 2026 |
| AUM | ₹15 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 07 Apr 2026 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | No exit load |
| Fund Managers | Rochan Pattnayak, Khushi Sancheti, Diksha Upadhyay |
The fund is managed by Rochan Pattnayak, Khushi Sancheti and Diksha Upadhyay.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.38% | -4.41% |
| 3M | -3.26% | -3.6% |
| 1Y | 0% | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern shows a fund that has moved in line with its benchmark, with only a small gap in both the 1-month and 3-month windows. That tells us the index construction is doing what it is meant to do: keeping the fund close to the market rather than trying to outpace it.
The weaker short-term readings also matter because the scheme is still very young. With a launch in April 2026, there is not yet a meaningful long-run record to test how closely it stays with the benchmark through fuller market cycles. For now, the main question is not active outperformance but tracking consistency.
On the available periods, the fund trails only marginally behind the benchmark in the short run. The gap is small enough that it does not change the core picture: this looks like a plain index exposure rather than a differentiated return engine.
Because the 3-year and 5-year figures are not available yet, we would avoid reading too much into the current stretch. The main takeaway is that short-term behaviour has been close to the benchmark, while the long-term evidence still has to build up.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Choice Nifty 50 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Choice Nifty 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Choice Nifty 50 Index Fund Direct Growth Plan | 0% | Data not available | Data not available |
| HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Nifty50 Equal Weight Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Nifty Energy Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| SBI CRISIL-IBX 10:90 Gilt+SDL Index-Dec 2029 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Compared with the peer set, the fund’s visible short-term return is modest and broadly in line with the benchmark-style nature of the category. The other peer rows do not provide usable return figures here, so the comparison is limited to the current fund’s own short-term reading and its benchmark-like behaviour.
That means the peer table tells a partial story rather than a full league-style comparison. The useful point is that the fund does not appear to be taking a very different path from a benchmark-based peer profile, but the lack of longer-period figures means we cannot judge whether that remains true over time.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Ltd. | Bank | 9.84% |
| ICICI Bank Ltd. | Bank | 9.44% |
| Reliance Industries Ltd. | Crude Oil | 7.81% |
| Bharti Airtel Ltd. | Telecom | 4.99% |
| Larsen & Toubro Ltd. | Infrastructure | 4.29% |
| State Bank of India | Bank | 3.97% |
| Infosys Ltd. | IT | 3.6% |
| Axis Bank Ltd. | Bank | 3.38% |
| Kotak Mahindra Bank Ltd. | Bank | 2.8% |
| Mahindra & Mahindra Ltd. | Automobile & Ancillaries | 2.65% |
The largest holding, HDFC Bank Ltd., has a weight of 9.84%, which is sizeable but still consistent with a diversified large-cap index structure. The top three positions together dominate the opening layer of the portfolio, and the fall from the first holding to the tenth is noticeable, dropping to 2.65%.
The displayed ten holdings account for approximately 52.77% of the portfolio, while the scheme discloses 49 holdings in total. That suggests a mix where the biggest names matter most, but the portfolio is not carried by only one or two positions.
In our view, the shape points to concentration in a familiar set of large companies, followed by a longer tail of smaller positions that are not shown here. Because the scheme tracks the Nifty 50, this pattern is likely to make the largest banking and market-leader positions more influential, while still keeping the overall structure broad.
To see all holdings, visit the Choice Nifty 50 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk exposure and want plain Nifty 50 access rather than an active stock-selection approach. The short-term numbers have been close to the benchmark, which fits the role of an index fund, but the scheme’s very recent launch means there is no long history yet to test behaviour across different market conditions.
It is more relevant for an investor with a medium- to long-term horizon who can accept that returns will largely follow the market. The key trade-off is simple: you may get diversified large-cap exposure at low cost, but you also have to live with benchmark-like ups and downs instead of the possibility of manager-led outperformance.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Choice Nifty 50 Index Fund Direct Growth Plan?
The current NAV is ₹10.0498 as of 16 Sep 2026.
What are the fund’s recent returns?
The 1-year return is 0%, while the 3-year and 5-year returns are not yet available because the scheme is very new. The short-term performance windows show -4.38% for 1 month and -3.26% for 3 months.
How has it performed versus the benchmark?
It has tracked the benchmark closely in the available short windows. The 1-month return is -4.38% versus -4.41% for the benchmark, and the 3-month return is -3.26% versus -3.6% for the benchmark.
How does it compare with the peer funds listed here?
The visible comparison is limited because the peer list does not provide usable 3-year and 5-year return figures. On the available data, the fund’s short-term behaviour is broadly in line with a benchmark-style peer profile.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Rochan Pattnayak, Khushi Sancheti and Diksha Upadhyay. There is no exit load.
Bottom line
Choice Nifty 50 Index Fund Direct Growth Plan looks like a straightforward large-cap index option with a very short record so far. Recent performance has stayed close to the benchmark, but the longer-term return picture is not yet available, so the fund still needs time before it can be judged on a fuller cycle. The portfolio is led by familiar large holdings, which supports broad market exposure rather than a concentrated thematic bet. For investors who want benchmark-tracking equity exposure and can accept High Risk volatility, that is the central appeal.
Published on 17 September 2026 at 4:07 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.