Choice Mutual Fund Launches Nifty 50 and Nifty Next 50 Index Funds for Disciplined Equity Investing

3 min read     Updated on 19 Mar 2026, 09:58 AM
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Reviewed by
Radhika SScanX News Team
Overview

Choice Mutual Fund has launched Choice Nifty 50 Index Fund and Choice Nifty Next 50 Index Fund with NFO period from March 19 to April 2, 2026. The Nifty 50 fund offers exposure to India's top 50 blue-chip companies representing 44% of NSE's free-float market capitalisation, while the Nifty Next 50 fund targets emerging large-cap companies. Both funds are classified as 'Very High Risk' and aim to generate returns commensurate with their respective benchmark indices, designed to enable disciplined long-term equity investing for households.

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*this image is generated using AI for illustrative purposes only.

Choice International Limited has announced through its sponsored entity Choice Mutual Fund the launch of two new investment products aimed at enabling disciplined household investing. The Choice Nifty 50 Index Fund and Choice Nifty Next 50 Index Fund are designed to help investors build structured long-term equity exposure through a simple framework that balances growth and risk management.

New Fund Offer Details

The New Fund Offer (NFO) for both schemes presents investors with an opportunity to participate in India's equity markets through index-based investing.

Parameter: Details
NFO Opening Date: March 19, 2026
NFO Closing Date: April 2, 2026
Fund Type: Index Funds
Risk Classification: Very High Risk

Choice Nifty 50 Index Fund - Core Equity Exposure

The Choice Nifty 50 Index Fund offers exposure to India's top 50 blue-chip companies, representing some of the country's largest and most liquid listed firms. The fund is positioned as a disciplined, SIP-led investment option that allows investors to participate in the growth of leading Indian companies while benefiting from sectoral diversification. The Nifty 50 represents nearly 44% of the free-float market capitalisation of stocks listed on the National Stock Exchange, making it a core building block for equity portfolios.

According to Ajay Kejriwal, CEO of Choice Mutual Fund, the focus is on creating simple, transparent and disciplined investment solutions that allow investors to participate in India's long-term growth story. The investment objective of the scheme is to generate returns that are commensurate with the performance of the NIFTY 50 Index (TRI), subject to tracking errors.

Choice Nifty Next 50 Index Fund - Growth Layer

The Choice Nifty Next 50 Index Fund provides exposure to the next tier of emerging large-cap companies that have the potential to become future market leaders. Together with the Nifty 50 Index Fund, it enables investors to gain diversified exposure to India's top 100 companies, offering a balanced approach to long-term equity participation.

Manish Jain, Deputy CEO of Choice Mutual Fund, highlighted that many households invest across multiple schemes without a clear framework, often leading to broken SIPs or withdrawals from long-term investments. The investment philosophy brings together core market exposure through the Nifty 50 and growth potential through the Nifty Next 50, enabling investors to build a more resilient and goal-oriented portfolio.

Investment Objectives and Risk Profile

Both funds carry specific investment objectives and risk characteristics that investors should consider:

Fund: Investment Objective Benchmark Risk Level
Choice Nifty 50 Index Fund Generate returns commensurate with NIFTY 50 Index (TRI) performance Nifty 50 Index (TRI) Very High Risk
Choice Nifty Next 50 Index Fund Generate returns commensurate with Nifty Next 50 Index (TRI) performance Nifty Next 50 Index (TRI) Very High Risk

Both schemes come with the standard disclaimer that there is no assurance or guarantee that the investment objective will be achieved. The risk classification is based on internal assessment of scheme characteristics and may vary post NFO when actual investments are made.

About Choice Mutual Fund

Choice Mutual Fund is sponsored by Choice International Limited, a diversified financial services group with presence across capital markets, wealth management, investment banking, and advisory services. The fund house focuses on building simple, transparent and disciplined investment solutions designed to help investors participate in India's long-term economic growth, with particular emphasis on providing accessible, technology-led investment options like ETFs and Index Funds.

The launch reflects Choice Mutual Fund's commitment to structured household investing as India's financial markets deepen and retail participation grows. The fund house continues to focus on transparent, rule-based investment solutions that simplify long-term investing for retail investors.

Historical Stock Returns for Choice International

1 Day5 Days1 Month6 Months1 Year5 Years
+0.07%-4.70%-22.92%-24.05%+22.31%+716.49%

Choice International Subsidiaries Secure ₹55 Crore Multi-State Government Projects

2 min read     Updated on 17 Mar 2026, 11:10 AM
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Reviewed by
Radhika SScanX News Team
Overview

Choice International Limited announced its subsidiaries have won government contracts worth ₹55 crores across 12 diverse projects including school infrastructure development in Karnataka (₹17.86 crores), agricultural society computerization (₹11.44 crores), media monitoring centre in Maharashtra (₹9.98 crores), and various consulting services spanning multiple states with project durations ranging from 2 to 84 months.

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*this image is generated using AI for illustrative purposes only.

Choice International Limited has announced that its subsidiaries have secured significant government contracts worth ₹55 crores across multiple states in India. The comprehensive project portfolio spans 12 distinct assignments covering infrastructure development, digital transformation, and specialized consulting services through three key subsidiaries: Choice Consultancy Services Private Limited (CCSPL), Choice Capital Advisors Private Limited (CCAPL), and Ayoleeza Consultants Private Limited (ACPL).

Major Project Portfolio Overview

The secured contracts represent a diverse range of government initiatives across various sectors:

Project Category Value (₹ Crores) Duration State
School Infrastructure DPR (Karnataka) 17.86 2 Months Karnataka
PACS Computerization 11.44 15 Months Karnataka
Media Monitoring Centre 9.98 18 Months Maharashtra
Railway Project Supervision 5.07 24 Months Hyderabad
Highway Infrastructure DPR 2.42 15 Months Maharashtra

Key Infrastructure and Development Projects

Educational Infrastructure Development

CCSPL will prepare Detailed Project Reports (DPR) for approximately 800 government schools across Karnataka, involving comprehensive site surveys, architectural planning, and structural designs. The ₹17.86 crore project includes detailed cost estimation and technical feasibility studies for modernizing educational facilities.

Digital Transformation Initiatives

The e-governance portfolio includes the computerization of 1,083 Primary Agricultural Credit Societies in Karnataka worth ₹11.44 crores and establishment of a state-of-the-art Media Monitoring Centre for Maharashtra government worth ₹9.98 crores. The media monitoring project will utilize AI-based analytical tools for real-time tracking across print, TV, digital, and social media platforms.

Specialized Consulting Services

Project Management and Advisory

The subsidiaries have secured multiple Project Management Unit (PMU) assignments including:

Service Type Client Value (₹ Crores) Duration
MCC Performance Improvement Municipal Corporation Chandigarh 2.48 24 Months
PMFBY Programme Monitoring Government of Odisha 1.84 24 Months
Financial Governance Support CHiPS, Chhattisgarh 0.83 12 Months

Infrastructure and Technical Services

ACPL will provide Project Supervision Services for South Central Railway's Gati Shakti Hyderabad Unit worth ₹5.07 crores and prepare highway infrastructure DPRs for NH-160H and NH-347C sections in Maharashtra worth ₹2.42 crores.

Technology and Surveillance Solutions

CCSPL has been awarded a ₹1.51 crore contract to provide cloud-based CCTV and surveillance solutions across 73 locations in Andhra Pradesh, including deployment of Video Management System for 584 cameras and 150 TB cloud storage capacity.

Strategic Market Positioning

This ₹55 crore contract portfolio demonstrates Choice International's subsidiaries' capabilities across diverse government sectors. The projects span infrastructure development, digital transformation, financial advisory, and specialized consulting services across multiple states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Odisha, Chhattisgarh, and Assam.

The successful acquisition of these contracts positions Choice International's subsidiaries as key players in government modernization initiatives, showcasing their expertise in handling complex multi-state projects that meet stringent government standards and regulatory requirements.

Historical Stock Returns for Choice International

1 Day5 Days1 Month6 Months1 Year5 Years
+0.07%-4.70%-22.92%-24.05%+22.31%+716.49%

More News on Choice International

1 Year Returns:+22.31%