ICICI Prudential Nifty IT Index Fund Direct Growth

ICICI Prudential Nifty IT Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 14-11-2024

₹ 14.59

-0.6%

1D

Inception Returns

18.3%

/yr

About ICICI Prudential Nifty IT Index Fund Direct Growth

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.

Key Parameters

  1. ICICI Prudential Nifty IT Index Fund Direct Growth has ₹472 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

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%.

Holdings

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

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 IT Index Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1769 people have invested ₹ 1.1Cr in ICICI Prudential Nifty IT Index Fund Direct Growth in the last three months

ICICI Prudential Nifty IT Index Fund Direct Growth Overview

Expense ratio0.37%
Benchmark
Nifty IT TR INR
AUM₹472 Cr
Inception Date18 August, 2022
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
30.5%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (30-Sep-24)

  • Equity 100%

Large cap
86.5%

Mid cap
16.2%

Sector Allocation

Sep'24

Aug'24

Jul'24

Tech
100%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
-2.02%
4.71%
13.03%
Nifty IT
2.11%
0.90%
3.35%
  • This fund’s returns stands at -2.02% whereas the fund’s underlying benchmark Nifty IT returns stands at 2.11% as on Sep'24
  • This fund underperformed Nifty IT by 4.13% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 470.4 Cr
₹ 470.4 Cr
₹ 433 Cr
  • AUM of the fund stands at 470.4 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Mphasis Ltd's allocation increased from 2.64% to 3.35%
Mphasis Ltd's allocation increased from 2.64% to 3.35%
Persistent Systems Ltd's allocation increased from 5.02% to 5.71%
Persistent Systems Ltd's allocation increased from 5.02% to 5.71%
HCL Technologies Ltd's allocation increased from 9.83% to 10.48%
HCL Technologies Ltd's allocation increased from 9.83% to 10.48%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 28.29 % to 27.19 %
Infosys Ltd's allocation decreased from 28.29 % to 27.19 %
Tata Consultancy Services Ltd's allocation decreased from 24.43 % to 24.09 %
Tata Consultancy Services Ltd's allocation decreased from 24.43 % to 24.09 %
Wipro Ltd's allocation decreased from 7.76 % to 7.55 %
Wipro Ltd's allocation decreased from 7.76 % to 7.55 %
Mid Cap allocation has gone up from 14.1% to 15.1%
Mid Cap allocation has gone up from 14.1% to 15.1%
Large Cap allocation has gone down from 85.4% to 84.9%
Large Cap allocation has gone down from 85.4% to 84.9%
Cash allocation has gone down from 0.6% to 0%
Cash allocation has gone down from 0.6% to 0%

Top Sector in September was Tech

Sep'24
Tech
100%
Aug'24
Tech
100%
  • Gainers

  • Losers

Fund
Sep'24
Aug'24
Jul'24
No of Holdings
12
12
12
Top 5 Company Concentration
79.2%
79.6%
80.1%
Company having highest exposure
Infosys Ltd (27.2%)
Infosys Ltd (28.3%)
Infosys Ltd (28.6%)
No of Sectors
1
1
1
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Tech (100%)
Tech (100%)
Tech (100%)
Loading...
We are taking more time than usual
Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty IT Index Fund Direct Growth, since 18 August 2022
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

ICICI Prudential Nifty IT 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 18.33% since inception which is more than its category average return of 13.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 102.64% in Equity, 0% in Debt and -2.64% in Cash related instruments
AUM size ₹472 Cr

AUM size ₹472 Cr

This fund has AUM of ₹472 Cr which is less than its category average of ₹ 832 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.52%

Frequently Asked Questions for ICICI Prudential Nifty IT Index Fund Direct Growth

The current NAV of ICICI Prudential Nifty IT Index Fund Direct Growth is ₹14.59 as on 14-Nov-2024.
Existing (Absolute + CAGR) as on 14-Nov-2024.
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%
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.
0.37% as on October 2024
₹472 Cr as on October 2024
Infosys Ltd(27.15%), Tata Consultancy Services Ltd(23.87%), HCL Technologies Ltd(10.98%), Tech Mahindra Ltd(10.73%), Wipro Ltd(8.2%) as on October 2024
The alpha ratio for the ICICI Prudential Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Nifty IT Index Fund Direct Growth
-0.53
-
-
As on October 2024
The alpha for ICICI Prudential Nifty IT Index Fund Direct Growth is calculated against Nifty IT 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 IT Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Nifty IT Index Fund Direct Growth
1
-
-
As on October 2024
The Beta for ICICI Prudential Nifty IT Index Fund Direct Growth is calculated with Nifty IT 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 IT 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 IT Index Fund Direct Growth
1.1
-
-
As on October 2024
The sharpe ratio for ICICI Prudential Nifty IT Index Fund Direct Growth is calculated with Nifty IT 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 IT 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 IT Index Fund Direct Growth
22.95
-
-
As on October 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 IT Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty IT Index Fund Direct Growth is 0%