ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth

ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth is an equity fund. This fund was started on 17 October, 2024. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth has ₹79 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth has given a CAGR return of -18.05% since inception.

ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Basic Materials, Utilities. Its top holdings are Oil & Natural Gas Corp Ltd, Coal India Ltd, Power Grid Corp Of India Ltd, NTPC Ltd, Tata Steel 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 objective of the Scheme is to invest in companies whose securities are included in Nifty200 Value 30 Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty200 Value 30 Index in the same weightage that they represent in Nifty200 Value 30 Index.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth has no lock in period.