Equity
Direct
Index Funds
NAV as on 14-11-2024
₹ 14.59
1D
Inception Returns
18.3%
/yr
ICICI Prudential Nifty IT Index Fund Direct Growth is an equity fund. This fund was started on 18 August, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
ICICI Prudential Nifty IT Index Fund Direct Growth has given a CAGR return of 18.33% since inception. Over the last 1 year the fund has given a CAGR return of 40.19%.
ICICI Prudential Nifty IT Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, Tech Mahindra Ltd, Wipro Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The objective of the Scheme is to invest in companies whose securities are included in Nifty IT Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty IT Index in the same weightage that they represent in Nifty IT Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. ICICI Prudential Nifty IT Index Fund Direct Growth has no lock in period.
Expense ratio | 0.37% |
Benchmark | Nifty IT TR INR |
AUM | ₹472 Cr |
Inception Date | 18 August, 2022 |
Min Lumpsum/SIP | ₹1000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 30.5% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (30-Sep-24)
Top Sector in September was Tech
ICICI Prudential Nifty IT Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 29.62% | 29.62% |
1 Year Returns | 40.19% | 40.19% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | -0.53 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | 1.1 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | 22.95 | - | - |