ICICI Prudential Nifty 50 Index Fund Direct Growth

ICICI Prudential Nifty 50 Index Fund Direct Growth

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NAV: ₹ 241.62 as on 12-06-2024

About the Fund

ICICI Prudential Nifty 50 Index Fund Direct 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 Growth has ₹8775 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

ICICI Prudential Nifty 50 Index Fund Direct Growth has given a CAGR return of 13.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.52%, 14.92% and 15.46% respectively.

Holdings

ICICI Prudential Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. 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 Nifty 50 Index Fund Direct Growth

An open-ended index linked growth scheme seeking to track the returns of the Nifty 50 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 Nifty 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 almost all the stocks comprising the Nifty 50 in approximately the same weightage that they represent in Nifty 50. The Scheme will not seek to outperform the Nifty 50 or to under perform it. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty 50 over the same period. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty 50 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
94501 people have invested ₹ 28Cr in ICICI Prudential Nifty 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
5
/16
75% Performance
20% Cost
5 out of 16 among Index-Nifty-50

Pros

Larger AUM within category
Among most bought funds within the category
5Y returns in the top 25% of the category

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.17%
Benchmark
Benchmark
IISL Nifty 50 TR INR
AUM
AUM
₹8775 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%

ICICI Prudential Nifty 50 Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Size breakup

Large cap
98.8%
Mid cap
0.7%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
34.3%
Energy
13.5%
Tech
12.3%
Consumer Cyclical
9.3%
Consumer Defensive
8%
Basic Materials
6.5%
Industrial
5.2%
Health
4.2%
Communication
3.5%
Utilities
3.1%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
1.21%
1.53%
1.30%
Nifty 50
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 1.21% whereas the fund’s underlying benchmark Nifty 50 returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty 50 by 0.57% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 7.2K Cr
₹ 7K Cr
₹ 7K Cr
  • AUM of the fund stands at 7.2K Cr as of Apr'24
  • AUM increased by 239.8 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of ICICI Prudential Nifty 50 Index Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings50

Mutual Fund Insights

Insights icon
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 0.33%.
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Over the last 6 months, this fund has experienced a 65.2% growth in AUM moving from 5.31K Cr to 8.77K Cr.
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In the last 1 year, Motilal Oswal S&P BSE Enhanced Value Index Fund Direct Growth has given 94.34% return, outperforming this fund by 67.82%.
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In the last 5 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 19.01% return, outperforming this fund by 3.55% per annum.
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Over the last 1 month, this fund has decreased expense ratio by 10.5% moving from 0.19 to 0.17.
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In the last 3 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 19.4% return, outperforming this fund by 4.48% per annum.

Fund Manager

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty 50 Index Fund Direct Growth, since 18 January 2021

ICICI Prudential Nifty 50 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 13.72% since inception which is less than its category average return of 21.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.44% in Equity, 0% in Debt and 0.56% in Cash related instruments
AUM size ₹8775 Cr

AUM size ₹8775 Cr

This fund has AUM of ₹8775 Cr which is more than its category average of ₹ 733 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 0.53%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty 50 Index Fund Direct Growth is ₹241.62 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
ICICI Prudential Nifty 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6%
6%
6 Month Returns
12.06%
12.06%
1 Year Returns
26.52%
26.52%
3 Years Returns
51.77%
14.92%
5 Years Returns
105.23%
15.46%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.17% as on May 2024
₹8775 Cr as on May 2024
HDFC Bank Ltd(11.54%), Reliance Industries Ltd(9.69%), ICICI Bank Ltd(7.88%), Infosys Ltd(5.03%), Larsen & Toubro Ltd(4.34%) as on May 2024
Financial Services(33.92%), Energy(13.34%), Tech(11.99%) as on May 2024
The alpha ratio for the ICICI Prudential Nifty 50 Index Fund Direct 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 Growth
-0.24
-0.25
-0.27
As on May 2024
The alpha for ICICI Prudential Nifty 50 Index Fund Direct 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 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 Growth
1
1
1
As on May 2024
The Beta for ICICI Prudential Nifty 50 Index Fund Direct 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 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 Growth
1.36
0.69
0.56
As on May 2024
The sharpe ratio for ICICI Prudential Nifty 50 Index Fund Direct 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 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 Growth
10.52
12.47
18.54
As on May 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 1.26 as on May 2024. 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 Growth
The Exit load of ICICI Prudential Nifty 50 Index Fund Direct Growth is 0%