ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth

ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is an equity fund. This fund was started on 5 August, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth has ₹503 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.4.
   

ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth has given a CAGR return of 21.83% since inception. Over the last 1 year the fund has given a CAGR return of 6.82%.

ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Consumer Cyclical, Health, Financial Services, Communication, Industrial, Basic Materials, Consumer Defensive, Energy. Its top holdings are Sun Pharmaceuticals Industries Ltd, Zomato Ltd, Mahindra & Mahindra Ltd, HCL Technologies Ltd, Trent Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The objective of the Scheme is to invest in companies whose securities are included in Nifty200 Momentum 30 Index and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in all the stocks comprising the Nifty200 Momentum 30 Index in the same weightage that they represent in Nifty200 Momentum 30 Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth has no lock in period.