ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl
Equity
Direct
Index Funds
NAV: ₹ 10.7 as on 29-09-2023
Fund Performance
38 people have invested ₹ 2.2L in ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months
About the Fund
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl 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
- ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl has ₹254 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.4.
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl Overview
 | 0.35% |
 Benchmark | Nifty IT TR INR |
 | ₹254 Cr |
 | 18 August, 2022 |
 | ₹0/₹0 |
 | 0% |
 | No Lock-in |
 TurnOver | 30.5% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
87.4%
Mid cap
12.5%
Sector Allocation
Tech
100%
Top Holdings of ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl as on (31-Aug-23)
Equity Holdings10
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 4.05% whereas the fund’s underlying benchmark Nifty IT returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty IT by 6.48% in Aug'23
AUM Change
- AUM of the fund stands at 253.6 Cr as of Aug'23
- AUM increased by 47.4 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Persistent Systems Ltd | 11.7% |
 Infosys Ltd | 5.1% |
 Tech Mahindra Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 HCL Technologies Ltd | 3% |
 LTIMindtree Ltd | 4.3% |
 L&T Technology Services Ltd | 5.8% |
Peer Analysis
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl, since 18 August 2022
Top funds managed
Fund 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 8.99% since inception which is less than its category average return of 14.51%
Fund Allocations
This fund has an allocation of 99.91% in Equity, 0% in Debt and 0.09% in Cash related instruments
AUM size ₹254 Cr
This fund has AUM of ₹254 Cr which is less than its category average of ₹ 554 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl is ₹10.73 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 5.38% | 5.38% |
6 Month Returns | 17.54% | 17.54% |
1 Year Returns | 22.16% | 22.16% |
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.
0.35% as on August 2023
₹254 Cr as on August 2023
Infosys Ltd(27.75%), Tata Consultancy Services Ltd(24.77%), Tech Mahindra Ltd(9.62%), Wipro Ltd(9.13%), HCL Technologies Ltd(8.94%) as on August 2023
The alpha ratio for the ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl | -0.34 | - | - |
As on August 2023
The alpha for ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl | 0.99 | - | - |
As on August 2023
The Beta for ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl | 0.34 | - | - |
As on August 2023
The sharpe ratio for ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl | 15.43 | - | - |
As on August 2023
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 Payout Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential Nifty IT Index Fund Direct Payout Inc Dist cum Cap Wdrl is 0%