Choice Nifty Next 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 Next 50 Index Fund Direct Growth Plan closed at ₹10.9447 on 16 September 2026. The scheme has an AUM of ₹20 Cr, and its 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively. It carries a High Risk label, so our view is that it may suit investors who can accept sharp near-term swings while looking for index-linked equity exposure.
The fund is still very new, having launched on 07 Apr 2026, so the return history remains limited. In our view, the current profile is more useful for investors who want a low-cost, rules-based Next 50 allocation and can tolerate early-stage volatility than for those who need a long, proven track record.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.9447 as of 16 Sep 2026 |
| AUM | ₹20 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 07 Apr 2026 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Rochan Pattnayak, Diksha Upadhyay, Khushi Sancheti |
The fund is managed by Rochan Pattnayak, Diksha Upadhyay and Khushi Sancheti.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.5% | -4.41% |
| 3M | -2.35% | -3.6% |
| 1Y | 0% | Data not available |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
The short-term pattern has been uneven. Over 1 month, the fund fell more than the benchmark, but over 3 months it held up better than the benchmark. That is a reminder that a newly launched index fund can track close to the benchmark at times, but small changes in holdings and market moves can still create visible short-term gaps.
Because the scheme launched only in April 2026, the longer-return rows do not yet tell us much about a full cycle. The 1-year, 3-year and 5-year figures are not yet established, so the more useful reading is that the fund is still in its early phase rather than in a mature compounding phase. For investors, that means the recent path matters more than any long-term pattern at this stage.
On the benchmark comparison, the fund has not shown a clear, stable edge over the reference index in the most recent period. The 3-month return was better than the benchmark, while the 1-month return lagged. Our view is that this kind of back-and-forth is consistent with a young equity index fund that is still building its live record.
Overall, the current evidence points to a product whose near-term behaviour is still settling. Investors should read the current numbers as an early snapshot of tracking behaviour rather than as proof of how the fund may behave across a full market cycle.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Choice Nifty Next 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 Next 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Choice Nifty Next 50 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the available comparison set, the fund’s recent record is far below the stronger 1-year figures posted by several peers. That does not by itself make the scheme weak, because its own live history is still short, but it does mean investors cannot yet point to a competitive recent return story. Where peers have multi-year figures, those numbers also show that some comparable strategies have already built a much longer record.
The key difference is that the current fund has not yet developed a meaningful 3-year or 5-year track record, while a few peers do show those longer periods. So the comparison tells two stories at once: the fund is still in its launch phase, and the peer set already includes products with more established return histories. That makes it harder to judge consistency, and easier to focus on structure, benchmark behaviour and fit rather than headline past returns.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Divi’S Laboratories Ltd. | Healthcare | 4.73% |
| TVS Motor Company Ltd. | Automobile & Ancillaries | 4.01% |
| Tata Motors Ltd. | Domestic Equities | 3.87% |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.58% |
| Adani Power Ltd. | Power | 3.23% |
| Cholamandalam Investment & Finance Co. Ltd. | Finance | 3.16% |
| Samvardhana Motherson International Ltd. | Automobile & Ancillaries | 2.97% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.92% |
| Cummins India Ltd. | Automobile & Ancillaries | 2.71% |
| Bharat Petroleum Corporation Ltd. | Crude Oil | 2.58% |
The largest holding is Divi’S Laboratories Ltd. at 4.73%, and the tenth holding is Bharat Petroleum Corporation Ltd. at 2.58%. That gap is not extreme, which suggests the visible top holdings are fairly close together rather than dominated by one very large position.
The top 10 holdings account for approximately 33.76% of the portfolio, and the fund reports 50 holdings in total. That points to a structure where the leading positions may influence returns, but a long tail of remaining constituents is still likely to matter. In our view, the portfolio looks spread across several sectors rather than concentrated in just a handful of names.
There is also some overlap across healthcare, automobile & ancillaries and capital goods among the largest positions, which may mean sector-specific moves could affect the fund’s short-term path. At the same time, the fairly moderate weights of the top names suggest the scheme is not carrying a single outsized stock bet within the disclosed holdings.
To see all holdings, visit the Choice Nifty Next 50 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk exposure and who can stay invested through periods when returns move around. The short live history means it is better suited to people who understand that an index fund can still have a rough start while it settles into tracking behavior.
The better fit is a medium- to long-term horizon, because the current record is too short for anyone looking for a steady, proven compounding profile. The main trade-off is that you get a rules-based market exposure with a low expense structure, but you also accept early-stage uncertainty and the possibility that recent performance can swing around the benchmark.
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 applies if units are sold at any time.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Choice Nifty Next 50 Index Fund Direct Growth Plan?
The current NAV is ₹10.9447 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively. The scheme is very new, so these longer-return figures do not yet provide a meaningful track record.
How has the fund behaved versus its benchmark recently?
Over 1 month, the fund lagged the benchmark, while over 3 months it performed better. That mixed pattern suggests the live record is still settling.
How does the fund compare with the peer funds listed here?
Several peers have stronger 1-year figures, and a few also have longer records available. This fund is still at an early stage, so its comparison set is more useful for context than for judging a mature return profile.
Is there a minimum SIP amount?
The fund allows SIP investing, but a minimum SIP amount is not stated in the available scheme facts.
What are the fund’s risk profile, portfolio shape and exit load?
The fund carries a High Risk label. Its top holdings are spread across healthcare, automobile & ancillaries, capital goods, power and finance, and there is no exit load if units are sold at any time.
Bottom line
Choice Nifty Next 50 Index Fund Direct Growth Plan is still too new to be judged on a mature return record, and its recent path has been mixed rather than smooth. Against available peers, the fund does not yet have the stronger return numbers that some comparable schemes have already built. The portfolio is broadly spread across 50 holdings, with the top positions carrying moderate weights. For investors who want a High Risk, index-based equity exposure and can accept early-stage uncertainty, it is a fund to monitor rather than a scheme to assess only on past returns.
Published on 17 September 2026 at 4:11 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.