ICICI Prudential Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 68.86
1D
Inception Returns
17%
/yr
About the Fund
ICICI Prudential Nifty Next 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 Next 50 Index Fund Direct Growth has ₹6644 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
ICICI Prudential Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 17.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 64.05%, 21.09% and 23.69% respectively.
Holdings
ICICI Prudential Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Health, Real Estate, Communication. Its top holdings are Trent Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Power Finance Corp Ltd, REC 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 Next 50 Index Fund Direct Growth
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 TRI (the Index) and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The Scheme will not seek to outperform the Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.
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 Next 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank
Fund Overview
| Expense ratio | 0.31% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹6644 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 44.75% |
| 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-Jul-24)
- This fund’s returns stands at 4.61% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 3.35% as on Jul'24
- This fund outperformed Nifty Next 50 by 1.26% in Jul'24
- AUM of the fund stands at 6.6K Cr as of Jul'24
- AUM increased by 799 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 37.3% |
 Interglobe Aviation Ltd | 13.3% |
 Info Edge (India) Ltd | 9.9% |
Mutual Fund Insights
ICICI Prudential Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.31%
Frequently Asked Questions
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.01% | 6.01% |
6 Month Returns | 24.76% | 24.76% |
1 Year Returns | 64.05% | 64.05% |
3 Years Returns | 77.56% | 21.09% |
5 Years Returns | 189.49% | 23.69% |
- 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 Next 50 Index Fund Direct Growth | -0.43 | -0.39 | -0.59 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Next 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 Next 50 Index Fund Direct Growth | 3.74 | 0.96 | 0.94 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | 12.87 | 16.86 | 19.32 |