ICICI Prudential Nifty Auto Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 17.43 as on 23-04-2024
Fund Performance
1069 people have invested ₹ 63.3L in ICICI Prudential Nifty Auto Index Fund Direct Growth in the last three months
About the ICICI Prudential Nifty Auto Index Fund Direct Growth
ICICI Prudential Nifty Auto Index Fund Direct Growth is an equity fund. This fund was started on 11 October, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty Auto Index Fund Direct Growth has ₹75 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.4.
ICICI Prudential Nifty Auto Index Fund Direct Growth Overview
 | 0.39% |
 Benchmark | NIFTY Auto TR INR |
 | ₹75 Cr |
 | 11 October, 2022 |
 | ₹1000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 53.69% |
ICICI Prudential Nifty Auto Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
86%
Mid cap
11.2%
Small cap
1.3%
Sector Allocation
Consumer Cyclical
93.6%
Industrial
6.4%
Top Holdings of ICICI Prudential Nifty Auto Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings16
ICICI Prudential Nifty Auto Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 4.81% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 by 4.87% in Mar'24
AUM Change
- AUM of the fund stands at 61.1 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty Auto Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Auto Ltd | 8.1% |
 Maruti Suzuki India Ltd | 7.7% |
Top Losers | 1M Return |
|---|---|
 MRF Ltd | -5.3% |
 TVS Motor Company Ltd | -4.6% |
 Mahindra & Mahindra Ltd | 11.7% |
Peer Analysis
ICICI Prudential Nifty Auto Index Fund Direct Growth Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty Auto Index Fund Direct Growth, since 11 October 2022
Top funds managed
ICICI Prudential Nifty Auto Index Fund Direct Growth 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 43.77% since inception which is more than its category average return of 19.5%
Fund Allocations
This fund has an allocation of 98.58% in Equity, 0% in Debt and 1.42% in Cash related instruments
AUM size ₹75 Cr
This fund has AUM of ₹75 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.51%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty Auto Index Fund Direct Growth is ₹17.43 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
ICICI Prudential Nifty Auto Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.02% | 4.02% |
6 Month Returns | 34.1% | 34.1% |
1 Year Returns | 69.93% | 69.93% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.39% as on March 2024
₹75 Cr as on March 2024
Mahindra & Mahindra Ltd(18.01%), Tata Motors Ltd(16.92%), Maruti Suzuki India Ltd(16.29%), Bajaj Auto Ltd(10.14%), Hero MotoCorp Ltd(6.01%) as on March 2024
The alpha ratio for the ICICI Prudential Nifty Auto Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty Auto Index Fund Direct Growth | 0.12 | - | - |
As on March 2024
The alpha for ICICI Prudential Nifty Auto Index Fund Direct Growth is calculated against NIFTY Auto 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 Auto Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Auto Index Fund Direct Growth | 0.98 | - | - |
As on March 2024
The Beta for ICICI Prudential Nifty Auto Index Fund Direct Growth is calculated with NIFTY Auto 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 Auto 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 Auto Index Fund Direct Growth | 4.47 | - | - |
As on March 2024
The sharpe ratio for ICICI Prudential Nifty Auto Index Fund Direct Growth is calculated with NIFTY Auto 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 Auto 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 Auto Index Fund Direct Growth | 11.38 | - | - |
As on March 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.
Nishit Patel is the fund manager of ICICI Prudential Nifty Auto Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty Auto Index Fund Direct Growth is 0%