ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth

ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth

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NAV: ₹ 205 as on 20-09-2023

Fund Performance
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99764 people have invested ₹ 20.2Cr in ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth in the last three months

Fund Insights

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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.
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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.
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Over the last 3 months, this fund has increased expense ratio by 6.3% moving from 0.16 to 0.17.
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Over the last 6 months, this fund has experienced a 25.1% growth in AUM moving from 3.97K Cr to 4.97K Cr.
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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%.
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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

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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

  1. 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.
  2. The fund has an expense ratio 0.2.

ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth Overview

Expense ratio
Expense ratio
0.17%
Benchmark
Benchmark
IISL Nifty 50 TR INR
AUM
AUM
₹4977 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
8.36%

Fund Distribution as on (31-Aug-23)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
99.9%

Sector Allocation

Aug'23

Jul'23

Jun'23

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

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

Aug'23
Jul'23
Jun'23
Fund Returns
-2.32%
3.05%
3.67%
Nifty 50
-2.43%
2.23%
3.79%
  • 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 5K Cr
₹ 4.9K Cr
₹ 4.8K Cr
  • 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

ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth Fund Manager

Nishit Patel

Nishit Patel

Fund Manager of ICICI Prudential Nifty 50 Index Fund - Direct Plan Growth, since 18 January 2021

Fund Highlights

Risk meter
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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 12.97% since inception which is less than its category average return of 14.76%
Fund Allocations

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

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%

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%