In the last few years, mutual fund houses have launched index funds on various indices such as Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250. It has helped investors invest in various index funds into large, mid, and small-cap stocks across market capitalisation.
When investing in an index fund, many investors start with a Nifty 50 index fund and stop there. However, quite a few funds have been launched on various indices apart from Nifty 50 in the last few years. This article will go beyond Nifty 50 and look at index funds based on other indices like Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250.
Nifty Next 50 Index
The Nifty Next 50 Index represents India's next 50 largest companies after the Nifty 50 companies. The Nifty Next 50 Index comprises companies rank 51-100 in terms of market capitalisation. It includes high-growth companies that can become a part of the Nifty 50 in the future.
Nifty Next 50 Index returns
Nifty Next 50 Index has given good returns since its launch in 1996. It started with a base value of 1000. As o...