Choice Mutual Fund, sponsored by , launched a New Fund Offer (NFO) for two passive index funds on Thursday — the Choice Nifty 50 Index Fund and the Choice Nifty Next 50 Index Fund. The NFO closes on April 2, 2026.
The Nifty 50 Index Fund tracks India’s top 50 blue-chip companies and is positioned as a core, SIP-driven equity holding. The fund mirrors an index that accounts for nearly 44 per cent of the free-float market capitalisation of stocks listed on the National Stock Exchange. The Nifty Next 50 Index Fund tracks the subsequent tier of emerging large-cap companies, offering exposure to firms that could become future market leaders. Together, the two funds give investors access to India’s top 100 listed companies.
Both schemes carry a “Very High” risk rating on SEBI’s riskometer, as do their respective benchmarks.
Ajay Kejriwal, CEO of Choice Mutual Fund, said the funds are designed to offer simple and transparent equity exposure aligned with India’s long-term growth. Deputy CEO Manish Jain noted that many retail investors invest without a clear framework, often abandoning SIPs prematurely, and said the two-fund structure is intended to address that.
Choice International is headquartered in Mumbai and holds registrations with SEBI, RBI, IRDAI, NSE, BSE, MCX, NCDEX, and AMFI, among others. The group serves over 14 lakh clients through 211 branch offices and a network of more than 63,000 business associates, ranking among the top 20 brokers in India.