Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund
The Canara HSBC Nifty Alpha 50 Fund is a new NFO (New Fund Offering) launching on 4th April. It is presented as a true flexicap fund that seeks to generate superior returns by investing in the top 50 stocks listed on the NSE that have outperformed the market. The Canara HSBC Life Insurance NIFTY Alpha 50 Index fund is designed to mirror the NIFTY Alpha 50 Index, delivering returns that align with this index while eliminating fund manager bias.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund
What is Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund?
The Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund is a passive, flexicap fund offered by Canara HSBC Life Insurance. This fund aims to replicate the returns of the Nifty Alpha 50 Index, which comprises the top 50 stocks that have outperformed the broader market. The fund is designed to navigate changing market conditions through quarterly rebalancing. This rebalancing, which occurs quarterly, ensures that the fund invests in stocks that have demonstrated superior returns compared to the market. The fund's allocation can move across market capitalizations (large, mid, and small caps) without constraints, aiming to capture growth during market rallies and preserve capital during downturns. During market downturns, the proportion of large-cap stocks is increased, while the proportion of small and mid-cap stocks is increased when the market rises. Canara HSBC replicates the index as decided by the NSE (National Stock Exchange), making it free from fund manager bias and providing market-linked returns of the index.
Highlights of Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund
Particulars
Details
Benchmark
NIFTY Alpha 50 Index
Risk Profile
High
NFO Launch Date
4th April 2025
NFO Duration
4th to 20th April 2025
Current NAV
₹10
Minimum Investment
₹2,800 per month
Reasons Why You Should Invest in Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund
Below are the reasons why you should choose Canara HSBC Life Insurance NIFTY Alpha 50:
Flexicap Nature: The fund can allocate its investments across large, mid, and small-cap companies without any constraints, providing flexibility to adapt to market conditions.
Focus on Superior Returns: The fund invests only in the top 50 stocks that have demonstrated better returns than the market (positive alpha) and exits stocks that underperform (negative alpha).
Quarterly Rebalancing: The portfolio is rebalanced quarterly (March, June, September, December) to efficiently adjust to prevailing market conditions by including high-performing stocks with potentially less volatility. This ensures the fund remains relevant to the ever-changing market.
Passive Fund Management: By replicating the Nifty Alpha 50 Index, the fund follows a passive investment strategy, making it free from fund manager bias.
Potential for High Returns: The Nifty Alpha 50 Index has historically shown highest returns compared to other key indices like Nifty Midcap 150, Nifty Smallcap 250, and Nifty 50 over 5 and 10-year periods. For instance, a ₹100 investment in the Nifty Alpha 50 Index 10 years ago would have grown to ₹684.
Diversification Across Market Caps: The underlying Nifty Alpha 50 Index includes constituents across large, mid, and small-cap segments.
What is the NIFTY Alpha 50 Index Fund?
The NIFTY Alpha 50 Index is a stock market index created by the NSE (National Stock Exchange). It comprises the top 50 high alpha stocks listed on the NSE. Alpha is defined as the excess return that a stock generates compared to the benchmark (market). A stock with positive alpha has delivered better returns than the market, while a stock with negative alpha has delivered poor returns. The index is designed to track the performance of these 50 stocks that have demonstrated superior risk-adjusted returns. The Nifty Alpha 50 Index is rebalanced every quarter (March, June, September, December) to ensure it continues to include the top 50 stocks based on their alpha generation. The index's methodology aims to identify and invest in companies that are likely to continue outperforming the broader market.
NIFTY Alpha 50 Index Fund With Other Indices
Index Name
5-Year Return
10-Year Return
NIFTY Alpha 50
31.7%
21.2%
NIFTY Midcap 150
27.1%
17.3%
NIFTY Smallcap 250
26.9%
14.8%
NIFTY 50
26.3%
12.1%
Sector Representation of the NIFTY Alpha 50 Index
Sector
Weight (%)
Financial Services
20.81%
Consumer Durables
20.40%
Capital Goods
17.55%
Healthcare
9.80%
Consumer Services
6.36%
Services
5.28%
Telecommunication
3.52%
Metals & Mining
3.34%
Oil, Gas & Consumable Fuels
3.23%
Power
3.10%
Chemicals
2.30%
Construction
1.86%
Automobile and Auto Components
1.73%
Realty
0.63%
Information Technology
0.07%
Companies of NIFTY Alpha 50 Index
*As on March 28, 2025
How to Buy Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund from Policybazaar?
To buy the Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking view plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with Canara HSBC Investment Plans on a blue and red card. Select the Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund option that best suits your needs from the following options:
Canara HSBC Promise4Growth Plus
Step 5: In the Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund, click the "Get Details" tab for more information.
You can also get FREE expert consultation; just click on the talk to an expert button.
Step 6: Review plan details carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred payment method for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
What are the Benefits of Purchasing the Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund from Policybazaar?
Investing through Policybazaar offers a range of valuable benefits:
Convenience: Invest online in the Canara HSBC Life Insurance NIFTY Alpha 50 Index Fund via Policybazaar to avoid physical bank or agent visits.
Comparison: Compare multiple investment plans, including new funds, to make informed decisions and find the best market deals.
Expert Guidance: Access financial experts who help select the right NFO plan based on your needs and goals.
Tax Benefits: Maximize tax advantages under Section 80C and Section 10(10D) of the Income Tax Act through investments with Policybazaar.
FAQs
How often does the Canara HSBC Nifty Alpha 50 Fund rebalance its portfolio?
Canara HSBC Nifty Alpha 50 Fund rebalances quarterly. This quarterly rebalancing helps the fund efficiently navigate prevalent market conditions.
What is the investment strategy of the Canara HSBC Nifty Alpha 50 Fund during different market conditions?
The fund adjusts its allocation based on market trends. The proportion of large caps increases during market downturns to preserve capital, while the proportion of small & mid caps increases during market rallies to capture growth.
What is the Nifty Alpha 50 Index performance history?
Index Returns (%)
QTD
YTD
1 year
5 years
Since Inception
Price Returns
-18.28
-18.28
-2.53
35.51
19.74
Total Returns
-18.09
-18.09
-1.89
36.43
20.84
# QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-04-2025 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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