Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 258.25
1D
Inception Returns
14.1%
/yr
ICICI Prudential Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
ICICI Prudential Nifty 50 Index Fund Direct Growth has given a CAGR return of 14.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.81%, 13.72% and 18.84% respectively.
ICICI Prudential Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, ITC 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
An open-ended index linked growth scheme seeking to track the returns of the Nifty 50 through investments in a basket of stocks drawn from the constituents of the above index. The objective of the Scheme is to invest in companies whose securities are included in Nifty 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 almost all the stocks comprising the Nifty 50 in approximately the same weightage that they represent in Nifty 50. The Scheme will not seek to outperform the Nifty 50 or to under perform it. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty 50 over the same period. 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 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty 50 Index Fund Direct Growth has no lock in period.
Expense ratio | 0.17% |
Benchmark | IISL Nifty 50 TR INR |
AUM | ₹11115 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 8.36% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Energy & Tech
ICICI Prudential Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.73% | 3.73% |
6 Month Returns | 11.29% | 11.29% |
1 Year Returns | 27.81% | 27.81% |
3 Years Returns | 47.06% | 13.72% |
5 Years Returns | 137.06% | 18.84% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty 50 Index Fund Direct Growth | -0.29 | -0.27 | -0.29 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty 50 Index Fund Direct Growth | 1 | 1 | 1 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty 50 Index Fund Direct Growth | 2.05 | 0.73 | 0.77 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty 50 Index Fund Direct Growth | 10.66 | 12.2 | 18.41 |