ICICI Prudential Nifty Auto Index Fund Direct Growth

ICICI Prudential Nifty Auto Index Fund Direct Growth

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Equity
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Index Funds
NAV: ₹ 17.4 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
996 people have invested ₹ 58.3L 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

  1. ICICI Prudential Nifty Auto Index Fund Direct Growth has ₹61 Cr worth of assets under management (AUM) as on Feb 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

ICICI Prudential Nifty Auto Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.39%
Benchmark
Benchmark
NIFTY Auto TR INR
AUM
AUM
₹61 Cr
Inception Date
Inception Date
11 October, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
53.69%

ICICI Prudential Nifty Auto Index Fund Direct Growth Distribution as on (29-Feb-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Size breakup

Large cap
86.3%
Mid cap
13.5%
Sector Allocation

Feb'24

Jan'24

Dec'23

Consumer Cyclical
93.6%
Industrial
6.4%

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

  • Equity

Equity Holdings15

ICICI Prudential Nifty Auto Index Fund Direct Growth: Monthly Changes Updates

All changes are between Dec'23 and Feb'24
Fund Performance
Feb'24
Jan'24
Dec'23
Fund Returns
6.15%
3.21%
6.02%
Nifty 50
1.32%
-0.07%
7.22%
  • This fund’s returns stands at 6.15% whereas the fund’s underlying benchmark Nifty 50 returns stands at 1.32% as on Feb'24
  • This fund outperformed Nifty 50 by 4.84% in Feb'24
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 52.5 Cr
₹ 52.5 Cr
₹ 45 Cr
  • AUM of the fund stands at 52.5 Cr as of Feb'24
  • AUM has remained same between Feb'24 and Jan'24
Fund Portfolio Changes

Gainers & Losers in ICICI Prudential Nifty Auto Index Fund Direct Growth portfolio Returns for the month of Feb

ICICI Prudential Nifty Auto Index Fund Direct Growth Fund Manager

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty Auto Index Fund Direct Growth, since 11 October 2022

ICICI Prudential Nifty Auto 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 44.56% since inception which is more than its category average return of 20.09%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.8% in Equity, 0% in Debt and 0.2% in Cash related instruments
AUM size ₹61 Cr

AUM size ₹61 Cr

This fund has AUM of ₹61 Cr which is less than its category average of ₹ 673 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.5%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty Auto Index Fund Direct Growth is ₹17.4 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
ICICI Prudential Nifty Auto Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.3%
4.3%
6 Month Returns
33.51%
33.51%
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.
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  • 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
₹61 Cr as on March 2024
Mahindra & Mahindra Ltd(18.05%), Tata Motors Ltd(17.46%), Maruti Suzuki India Ltd(15.55%), Bajaj Auto Ltd(9.34%), Hero MotoCorp Ltd(6%) 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%