ICICI Prudential Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 19-11-2024
₹ 244.66
▲0.3%
1D
Inception Returns
13.3%
/yr
About ICICI Prudential Nifty 50 Index Fund Direct Growth
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.
Key Parameters
- ICICI Prudential Nifty 50 Index Fund Direct Growth has ₹11563 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
ICICI Prudential Nifty 50 Index Fund Direct Growth has given a CAGR return of 13.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.20%, 10.82% and 15.50% respectively.
Holdings
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, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
Taxation
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.
Investment objective of ICICI Prudential Nifty 50 Index Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
INDmoney Rank for ICICI Prudential Nifty 50 Index Fund Direct Growth
ICICI Prudential Nifty 50 Index Fund Direct Growth Overview
| Expense ratio | 0.17% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹11563 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 |
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.13% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
- This fund outperformed Nifty 50 by 0.04% in Oct'24
- AUM of the fund stands at 11.9K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Tech & Energy
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 12.11% | 3.5% | |
 ICICI Bank Ltd | 8.37% | 3.5% | |
 Reliance Industries Ltd | 8.31% | 3.5% | |
 Infosys Ltd | 5.82% | 3.5% | |
 ITC Ltd | 4.18% | 3.5% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
Mutual Fund Insights
ICICI Prudential Nifty 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹11563 Cr
Expense Ratio 0.17%
Frequently Asked Questions for ICICI Prudential Nifty 50 Index Fund Direct Growth
ICICI Prudential Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.25% | -5.25% |
6 Month Returns | 5.35% | 5.35% |
1 Year Returns | 20.2% | 20.2% |
3 Years Returns | 36.11% | 10.82% |
5 Years Returns | 105.54% | 15.5% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty 50 Index Fund Direct Growth | -0.3 | -0.26 | -0.3 |
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 | 1.47 | 0.49 | 0.63 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty 50 Index Fund Direct Growth | 12.76 | 12.89 | 18.67 |