Choice Mutual Fund: AUM, Top Index Funds and SIP Guide
Choice Mutual Fund launched in August 2025 with 3 schemes and ₹239.12 crore in AUM. Explore its top-ranked index and overnight funds, and how to invest.
Choice Mutual Fund is a newly established AMC that received SEBI's final regulatory approval to commence mutual fund operations in August 2025. It currently manages ₹239.12 crore in assets across 3 schemes. The fund house is led by CEO Ajay Kejriwal and operates under the oversight of Choice Trustees Services Private Limited.
Key takeaways
- Choice Mutual Fund received SEBI's approval and launched operations in August 2025, making it a very new entrant to the Indian mutual fund industry.
- The AMC manages ₹239.12 crore in AUM across 3 schemes.
- Its current lineup covers two equity index funds — tracking the Nifty 50 and Nifty Next 50 — and one overnight fund for low-risk, short-duration needs.
- Since the fund house is under a year old, historical return data (6M, 1Y, 3Y, 5Y) is not yet available for any scheme.
- Risk metrics are available: the overnight fund shows near-zero risk (volatility: 0.15%, max drawdown: 0.00%), while the index funds reflect typical equity market volatility.
About Choice Mutual Fund
Choice AMC Private Limited obtained SEBI's final approval to begin mutual fund operations in August 2025. The AMC is registered at Sunil Patodia Tower, Plot No. 156-158, J.B. Nagar, Andheri (East), Mumbai — 400099, and operates under the trusteeship of Choice Trustees Services Private Limited. Ajay Kejriwal serves as the Chief Executive Officer of the fund house.
The fund house's investment approach is anchored in research-driven decision-making, disciplined risk management, and a structured investment process. Drawing on its parent group's broader experience in Indian financial markets, Choice Mutual Fund aims to deliver long-term wealth creation for investors.
Key Fund Information
The table below summarises the essential details of Choice Mutual Fund.
| Field | Detail |
|---|---|
| Total AUM | ₹239.12 crore |
| Number of schemes | 3 |
| AMC age | 1 year |
| Incorporation date | 1 August 2025 |
| Trustee organisation | Choice Trustees Services Private Limited |
| CEO | Ajay Kejriwal(Chief Executive Officer) |
| Address | Sunil Patodia Tower, Plot No. 156-158 J.B. Nagar, Andheri (East), Mumbai City - Maharashtra, India Mumbai 400099 |
Top 3 Funds Ranked by Invo Wealth
The funds below are the top 3 from Choice Mutual Fund, ranked by Invo Wealth's internal score. Because the fund house launched in August 2025, no historical return data is yet available for any of its schemes.
Fund Returns
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Choice Nifty 50 Index Fund | Index Fund | -- | -- | -- | -- |
| Choice Nifty Next 50 Index Fund | Index Fund | -- | -- | -- | -- |
| Choice Overnight Fund | Overnight Fund | -- | -- | -- | -- |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Fund Risk Metrics
The Choice Overnight Fund carries near-zero risk, with a volatility of 0.15% and a maximum drawdown of 0.00%, consistent with its mandate of holding overnight securities. The Choice Nifty 50 Index Fund registers a volatility of 13.68% and a maximum drawdown of -5.74%. The Choice Nifty Next 50 Index Fund shows slightly higher volatility at 17.70% and a maximum drawdown of -5.00%, reflecting its broader mid-to-large-cap index exposure.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| Choice Nifty 50 Index Fund | INF2KCX01038 | -- | 13.68% | -5.74% | -- |
| Choice Nifty Next 50 Index Fund | INF2KCX01053 | -- | 17.70% | -5.00% | -- |
| Choice Overnight Fund | INF2KCX01095 | -- | 0.15% | 0.00% | -- |
How to Invest in Choice Mutual Fund
You can start a SIP in Choice Mutual Fund online through Invo Wealth — sign up, get complete portfolio insights, and begin investing in funds suited to your financial goals. Alternatively, you can invest directly via Choice Mutual Fund's official website or any other registered online investment platform.
To increase your investment over time, you can use the Step-up SIP facility if the fund house offers it — confirm availability with Choice Mutual Fund before activating. To stop a SIP, place a Cancel SIP request online at any time through your investment platform or by logging into the fund house's website with your folio number.
Conclusion
Choice Mutual Fund is a new entrant to India's mutual fund industry, having launched in August 2025 with 3 schemes and ₹239.12 crore in AUM. Its current offering spans equity index exposure through Nifty 50 and Nifty Next 50 funds, along with an overnight fund for capital preservation. As the AMC matures, historical return data will become available and allow for a more complete performance assessment.
Frequently asked questions
How do I start a SIP in Choice Mutual Fund online?
You can start a Choice Mutual Fund SIP online through platforms like Invo Wealth or directly through the fund house's official website. Any registered online investment platform or mobile app that supports Choice Mutual Fund schemes can also be used to begin your SIP.
How do I calculate my Choice Mutual Fund SIP returns?
To estimate SIP returns, you need to factor in your monthly investment amount, the tenure of the SIP, the number of instalments already paid, and your expected rate of return. An online SIP calculator can provide an indicative maturity value based on these inputs.
How can I redeem my Choice Mutual Fund investment?
You can redeem online by logging into Choice Mutual Fund's official website with your folio number, or through the platform where you originally invested. For offline redemption, visit the nearest fund house branch and submit the required redemption form.
Can I increase my SIP amount in Choice Mutual Fund?
Yes, you can raise your SIP instalment using the Step-up or top-up SIP facility. It is advisable to first confirm with Choice Mutual Fund that this feature is available, and use a Step-up SIP calculator to plan your revised instalment before making changes.
How do I cancel or stop a Choice Mutual Fund SIP?
You can stop your SIP at any time by placing a Cancel SIP request through your investment platform or by logging into the fund house's website with your folio number. You may also contact your distributor or agent to process the cancellation on your behalf.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).