ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth
Equity
Direct
Index Funds
NAV: ₹ 205 as on 20-09-2023
Fund Performance
99764 people have invested ₹ 20.2Cr in ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth in the last three months
Fund Insights
In the last 5 years, Nippon India Index S&P BSE Fund Sensex Plan - Direct Plan - Growth Plan has given 13.52% return, outperforming this fund by 0.41% per annum.
In the last 3 years, UTI Nifty 50 Index Fund-Growth Option- Direct has given 21.22% return, outperforming this fund by 0.06% per annum.
Over the last 3 months, this fund has increased expense ratio by 6.3% moving from 0.16 to 0.17.
Over the last 6 months, this fund has experienced a 25.1% growth in AUM moving from 3.97K Cr to 4.97K Cr.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.17% which is lower than the category average expense ratio of 0.31%.
In the last 1 year, UTI S&P BSE Low Volatility Index Fund Direct Growth has given 19.92% return, outperforming this fund by 7.32%.
INDmoney Rank
Powered by IND quant engine
2
/15
80% Performance
58% Cost
2 out of 15 among Index-Nifty-50
Pros
Larger AUM within category
Among most bought funds within the category
3Y returns in the top 25% of the category
Cons
No bad points found for this fund.
About the Fund
ICICI Prudential Nifty 50 Index Fund - Direct Plan 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 50 Index Fund - Direct Plan Growth has ₹4977 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
- The fund has an expense ratio 0.2.
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth Overview
 | 0.17% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹4977 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 8.36% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
99.9%
Sector Allocation
Financial Services
37%
Tech
13.7%
Energy
12.2%
Consumer Defensive
9.3%
Consumer Cyclical
7.6%
Basic Materials
6.8%
Industrial
4.6%
Health
4.1%
Communication
2.5%
Utilities
2.2%
Top Holdings of ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth as on (31-Aug-23)
Equity Holdings43
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -2.32% whereas the fund’s underlying benchmark Nifty 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty 50 by 0.11% in Aug'23
AUM Change
- AUM of the fund stands at 5K Cr as of Aug'23
- AUM increased by 46.8 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Mahindra & Mahindra Ltd | 5.5% |
 Infosys Ltd | 5.1% |
 Larsen & Toubro Ltd | 1.4% |
Top Losers | 1M Return |
|---|---|
 HDFC Bank Ltd | -5.5% |
 Reliance Industries Ltd | -4.2% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth, since 18 January 2021
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.97% since inception which is less than its category average return of 14.76%
Fund Allocations
This fund has an allocation of 99.92% in Equity, 0% in Debt and 0.08% in Cash related instruments
AUM size ₹4977 Cr
This fund has AUM of ₹4977 Cr which is more than its category average of ₹ 560 Cr
Expense Ratio 0.17%
This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth is ₹205.02 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.07% | 3.07% |
6 Month Returns | 17.94% | 17.94% |
1 Year Returns | 12.59% | 12.59% |
3 Years Returns | 77.84% | 21.16% |
5 Years Returns | 85.17% | 13.11% |
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0.17% as on August 2023
₹4977 Cr as on August 2023
HDFC Bank Ltd(14.07%), Reliance Industries Ltd(9.84%), ICICI Bank Ltd(7.97%), Infosys Ltd(5.52%), Larsen & Toubro Ltd(3.7%) as on August 2023
Financial Services(36.97%), Tech(13.65%), Energy(12.22%) as on August 2023
The alpha ratio for the ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth | -0.22 | -0.26 | -0.3 |
As on August 2023
The alpha for ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth is calculated against IISL Nifty 50 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 Nifty 50 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth | 1 | 1 | 1 |
As on August 2023
The Beta for ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth is calculated with IISL Nifty 50 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 Nifty 50 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth | 0.26 | 1.04 | 0.41 |
As on August 2023
The sharpe ratio for ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth is calculated with IISL Nifty 50 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 Nifty 50 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth | 11.85 | 14.33 | 18.93 |
As on August 2023
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 2.2 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nishit Patel is the fund manager of ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth
The Exit load of ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth is 0%