ICICI Prudential Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 21-02-2025
₹ 55.85
1D
Inception Returns
14.4%
/yr
About ICICI Prudential Nifty Next 50 Index Fund Direct Growth
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 ₹6616 Cr worth of assets under management (AUM) as on Jan 2025 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 14.35% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 3.67%, 14.96% and 16.33% respectively.
Holdings
ICICI Prudential Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Utilities, Consumer Cyclical, Consumer Defensive, Basic Materials, Health, Real Estate, Communication, Tech, Energy. Its top holdings are Zomato Ltd, InterGlobe Aviation Ltd, Jio Financial Services Ltd, Vedanta Ltd, Hindustan Aeronautics Ltd Ordinary Shares
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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 for ICICI Prudential Nifty Next 50 Index Fund Direct Growth
ICICI Prudential Nifty Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹6616 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 44.75% |
| STCG | Selling mutual fund 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-Jan-25)
- AUM of the fund stands at 6.9K Cr as of Jan'25
- AUM has remained same between Jan'25 and Dec'24
Top 3 Sectors in January were Financial Services, Industrial & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 Shree Cement Ltd | 14% |
 Cholamandalam Investment & Finance Company Ltd | 10.3% |
Mutual Fund Insights
ICICI Prudential Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹6616 Cr
Expense Ratio 0.31%
Frequently Asked Questions for ICICI Prudential Nifty Next 50 Index Fund Direct Growth
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.55% | -4.55% |
6 Month Returns | -18.57% | -18.57% |
1 Year Returns | 3.67% | 3.67% |
3 Years Returns | 51.91% | 14.96% |
5 Years Returns | 113.05% | 16.33% |
- 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 | -0.67 | -0.49 | -0.62 |
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 | 0.44 | 0.54 | 0.65 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | 18.65 | 18.78 | 20.38 |