Canara HSBC introduces the Pension NIFTY Alpha 50 Index Fund, a rule-based investment solution designed for long-term wealth creation. The fund tracks the NIFTY Alpha 50 Index, which includes top-performing stocks delivering superior returns with lower volatility. Offering a disciplined approach to retirement planning, this New Fund Offer (NFO) pre-launches on 18 August 2025 exclusively for Policybazaar’s customers, giving them a unique opportunity to invest early. The NFO launch date is from 24 to 31 August.
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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))
What is Canara HSBC Pension NIFTY Alpha 50 Index Fund?
Canara HSBC Pension NIFTY Alpha 50 Index Fund is a pension-focused index-linked fund that replicates the NIFTY Alpha 50 Index, giving investors exposure to the 50 most consistent outperformers across sectors. The fund follows a quarterly rebalancing strategy to ensure only winning stocks remain, eliminating underperformers. Designed for retirement savings, it combines systematic wealth creation with tax benefits and removes fund manager bias by adopting a rule-based, algorithm-driven approach.
Highlights of Canara HSBC Pension NIFTY Alpha 50 Index Fund
Particulars
Details
Benchmark Index
Nifty Alpha 50 Index
Benchmark Index Returns
10-Year Returns: 21.1% p.a.
Risk Profile
High
Pre NFO Launch
18th August 2025
NFO Launch Date
25th August 2025
Current NAV
₹10
Reasons Why You Should Invest in Canara HSBC Pension NIFTY Alpha 50 Index Fund
Below are the reasons why you should invest in Canara HSBC Pension NIFTY Alpha 50 Index Fund:
Superior Returns: NIFTY Alpha 50 has delivered 30.1% (5-year) and 21.1% (10-year) returns, outperforming NIFTY 50, 100, and 200.
Systematic Rebalancing: The fund automatically retains strong performers, removes weaker stocks, and adjusts the portfolio every quarter to stay aligned with market leaders.
Diversified Exposure: Covers large, mid, and small-cap stocks across multiple sectors.
Retirement Focus: Designed as a pension fund with long-term compounding benefits.
No Fund Manager Bias: Transparent and algorithm-driven strategy.
What is NIFTY Alpha 50 Index Fund?
The NIFTY Alpha 50 Index Fund invests in the top 50 stocks ranked by their “alpha” i.e., excess returns over the market benchmark, adjusted for risk. Stocks with high returns and lower volatility are selected, while weaker performers are replaced every quarter. This ensures the portfolio stays aligned with the best-performing, consistent stocks.
NIFTY Alpha 50 Index Fund Index With Other Indices
Index Name
5-Year Return
10-Year Return
NIFTY Alpha 50
30.1%
21.1%
NIFTY 500
22.0%
13.9%
NIFTY 200
20.9%
13.4%
NIFTY 100
19.2%
12.9%
NIFTY 50
19.0%
12.7%
Sector Representation of Canara HSBC Pension NIFTY Alpha 50 Index Fund
Sector
Weight (%)
Financial Services
29.76
Capital Goods
16.10
Consumer Durables
13.68
Healthcare
13.39
Chemicals
6.23
Information Technology
4.67
Services
4.15
Telecommunication
4.10
Consumer Services
3.66
Power
3.58
Automobile and Auto Components
0.39
Oil, Gas & Consumable Fuels
0.28
How to Buy Canara HSBC Pension NIFTY Alpha 50 Index Fund From Policybazaar?
To buy the Canara HSBC Pension NIFTY Alpha 50 Index Fund 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 Pension NIFTY Alpha 50 Index Fund option that best suits your needs from the following options:
Step 5: In the Canara HSBC Pension 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 mode of payment 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 Investing in Canara HSBC Pension NIFTY Alpha 50 Index Fund From Policybazaar?
Investing via Policybazaar provides various advantages, including:
Ease of Access: Invest digitally in the Canara HSBC Pension NIFTY Alpha 50 Index Fund without the hassle of visiting banks or agents.
Plan Comparison: Evaluate various investment options, including the latest funds, to make well-informed choices and secure competitive deals.
Professional Support: Benefit from expert advice to choose the NFO plan that aligns with your financial goals and requirements.
Tax Savings: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act by investing through Policybazaar.
FAQs
When is the NFO for Canara HSBC Pension NIFTY Alpha 50 Index Fund?
The NFO opens on 18th August 2025 and closes on 31st August 2025.
What makes this fund different from other pension funds?
It invests only in the top-performing stocks of the NIFTY Alpha 50 Index, ensuring higher growth potential with relatively lower volatility.
Is the fund actively managed by a fund manager?
No, it follows a rule-based, algorithm-driven approach, minimizing human bias in stock selection.
Which type of investor should consider this fund?
Investors seeking retirement-focused growth, disciplined investing, and exposure to consistently strong stocks.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in *Past 10 Year annualised returns as on 01-12-2025 *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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