ICICI Prudential BSE Sensex Index Fund Direct Growth

Equity
Direct
Index Funds
ICICI Prudential BSE Sensex Index Fund Direct Growth

About the Fund

ICICI Prudential BSE Sensex Index Fund Direct Growth is an equity fund. This fund was started on 21 September, 2017. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential BSE Sensex Index Fund Direct Growth has ₹1510 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

ICICI Prudential BSE Sensex Index Fund Direct Growth has given a CAGR return of 15.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.48%, 16.52% and 16.92% respectively.

Holdings

ICICI Prudential BSE Sensex Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Industrial, Basic Materials, Communication, Utilities, Health. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ICICI Prudential BSE Sensex Index Fund Direct Growth

An open-ended index linked growth scheme seeking to track the returns of S&P BSE SENSEX TRI 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 S&P BSE SENSEX TRI 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 all the stocks comprising the S&P BSE SENSEX TRI in approximately the same weightage that they represent in S&P BSE SENSEX TRI. The Scheme will not seek to outperform the S&P BSE SENSEX TRI or to underperform it. The objective is that the performance of the NAV of the Scheme should closely track the performance of the S&P BSE SENSEX TRI over the same period. However, there can be 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 BSE Sensex Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
17267 people have invested ₹ 3.2Cr in ICICI Prudential BSE Sensex Index Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.18%
Benchmark
S&P BSE SENSEX TR INR
AUM₹1510 Cr
Inception Date21 September, 2017
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
15.93%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.6%

  • Debt & Cash 0.4%

Large cap
99.6%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
37.8%
Tech
13.7%
Energy
11.7%
Consumer Cyclical
8.4%
Consumer Defensive
8.2%
Basic Materials
5.5%
Industrial
5.1%
Communication
4.1%
Utilities
3.7%
Health
1.9%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential BSE Sensex Index Fund Direct Growth, since 18 January 2021

Mutual Fund Insights

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In the last 5 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 20.98% return, outperforming this fund by 4.06% per annum.
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In the last 1 year, Motilal Oswal BSE Enhanced Value Index Fund Direct Growth has given 91.33% return, outperforming this fund by 66.84%.
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Over the last 6 months, this fund has experienced a 25.9% growth in AUM moving from 1.19K Cr to 1.50K Cr.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.18% which is lower than the category average expense ratio of 0.34%.
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Over the last 3 months, this fund has increased expense ratio by 12.5% moving from 0.16 to 0.18.
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In the last 3 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 21.48% return, outperforming this fund by 4.96% per annum.

ICICI Prudential BSE Sensex Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.32% since inception which is less than its category average return of 23.53%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.58% in Equity, 0% in Debt and 0.42% in Cash related instruments
AUM size ₹1510 Cr

AUM size ₹1510 Cr

This fund has AUM of ₹1510 Cr which is more than its category average of ₹ 769 Cr
Expense Ratio 0.18%

Expense Ratio 0.18%

This fund has an expense ratio of 0.18% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of ICICI Prudential BSE Sensex Index Fund Direct Growth is ₹26.38 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
ICICI Prudential BSE Sensex Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.23%
5.23%
6 Month Returns
11.69%
11.69%
1 Year Returns
24.48%
24.48%
3 Years Returns
58.22%
16.52%
5 Years Returns
118.49%
16.92%
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0.18% as on June 2024
₹1510 Cr as on June 2024
HDFC Bank Ltd(13.98%), Reliance Industries Ltd(11.68%), ICICI Bank Ltd(9.3%), Infosys Ltd(6.24%), Larsen & Toubro Ltd(4.57%) as on June 2024
Financial Services(37.81%), Tech(13.31%), Energy(11.68%) as on June 2024
The alpha ratio for the ICICI Prudential BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential BSE Sensex Index Fund Direct Growth
-0.22
-0.28
-0.15
As on June 2024
The alpha for ICICI Prudential BSE Sensex Index Fund Direct Growth is calculated against S&P BSE SENSEX TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential BSE Sensex Index Fund Direct Growth
1
1
0.99
As on June 2024
The Beta for ICICI Prudential BSE Sensex Index Fund Direct Growth is calculated with S&P BSE SENSEX TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential BSE Sensex Index Fund Direct Growth
1.28
0.77
0.63
As on June 2024
The sharpe ratio for ICICI Prudential BSE Sensex Index Fund Direct Growth is calculated with S&P BSE SENSEX TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential BSE Sensex Index Fund Direct Growth
11.71
12.83
18.43
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.5 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nishit Patel is the fund manager of ICICI Prudential BSE Sensex Index Fund Direct Growth
The Exit load of ICICI Prudential BSE Sensex Index Fund Direct Growth is 0%