ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth

ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth is an equity fund. This fund was started on 2 November, 2021. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth has ₹437 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth has given a CAGR return of 13.42% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -2.40% and 16.81% respectively.

ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Health, Consumer Cyclical, Tech, Consumer Defensive, Communication, Real Estate, Utilities, Energy. Its top holdings are Multi Commodity Exchange of India Ltd, Blue Star Ltd, Central Depository Services (India) Ltd, Laurus Labs Ltd, Crompton Greaves Consumer Electricals 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The primary objective of the Scheme is to seek to generate capital appreciation by predominantly investing in equity and equity related securities of small cap stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth has no lock in period.