ICICI Prudential Nifty Next 50 Index Fund Direct Growth
NAV as on 21-04-2025
₹ 60.4
▲0.7%
1D
Inception Returns
14.7%
/yr
Historical NAV & Returns
Absolute
▲
▼
87582 people have invested ₹ 20.7Cr in ICICI Prudential Nifty Next 50 Index Fund Direct Growth in the last three months
About ICICI Prudential Nifty Next 50 Index Fund Direct Growth
ICICI Prudential Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty Next 50 Index Fund Direct Growth has ₹6760 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
ICICI Prudential Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 14.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 3.62%, 14.20% and 22.55% respectively.
Holdings
ICICI Prudential Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Utilities, Basic Materials, Consumer Cyclical, Health, Energy, Real Estate, Communication, Tech. Its top holdings are InterGlobe Aviation Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Divi's Laboratories Ltd, Varun Beverages 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of ICICI Prudential Nifty Next 50 Index Fund Direct Growth
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 TRI (the Index) and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The Scheme will not seek to outperform the Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty Next 50 Index Fund Direct Growth has no lock in period.
ICICI Prudential Nifty Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | Nifty Next 50 TR INR |
| AUM | ₹6760 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 44.75% |
| STCG | Selling mutual fund 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 |
INDmoney Rank for ICICI Prudential Nifty Next 50 Index Fund Direct Growth
Powered by IND quant engine
4
/12
72% Performance
20% Cost
4 out of 12 among Index-Nifty-Next-50
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Fund Distribution
as on (31-Mar-25)
Large cap
90%
Mid cap
9.8%
Sector Allocation
Financial Services
20.6%
Industrial
15.2%
Consumer Defensive
14.4%
Utilities
11%
Basic Materials
10.6%
Consumer Cyclical
9.9%
Health
5.9%
Energy
4.6%
Real Estate
3.5%
Communication
2.5%
Tech
1.9%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 10.45% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 6.33% as on Mar'25
- This fund outperformed Nifty Next 50 by 4.12% in Mar'25
- AUM of the fund stands at 6.8K Cr as of Mar'25
- AUM increased by 676.9 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Godrej Consumer Products Ltd's allocation increased from 1.85% to 2.51%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 3.59%
Vedanta Ltd's allocation increased from 3.27% to 3.56%
Top Stocks sold last month
Divi's Laboratories Ltd's allocation decreased from 3.4 % to 3.32 %
Varun Beverages Ltd's allocation decreased from 5.26 % to 3.28 %
Info Edge (India) Ltd's allocation decreased from 2.67 % to 2.52 %
Large Cap allocation has gone up from 88.2% to 90%
Mid Cap allocation has gone down from 11.7% to 9.8%
Cash allocation has gone up from 0.1% to 0.1%
Top 3 Sectors in March were Financial Services, Industrial & Consumer Cyclical
Mar'25
Financial Services
21%
Industrial
15%
Consumer Defensive
14%
Feb'25
Financial Services
24%
Industrial
14%
Consumer Cyclical
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 InterGlobe Aviation Ltd | 4.54% | 3% | |
 Hindustan Aeronautics Ltd Ordinary Shares | 3.59% | 3.1% | |
 Vedanta Ltd | 3.56% | 3.1% | |
 Divi's Laboratories Ltd | 3.32% | 3% | |
 Varun Beverages Ltd | 3.28% | 3.1% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | 3.62% | 14.2% | 22.55% | 14.73% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 15.05% | 13.86% | 21.46% | 13.14% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 8.76% | 11.98% | 21.92% | 12.91% |
 SBI Nifty Index Fund Direct Growth | 8.73% | 11.97% | 21.85% | 12.63% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Hindustan Aeronautics Ltd | 8.5% |
 Interglobe Aviation Ltd | 6.4% |
 Varun Beverages Ltd | 3.5% |
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Nishit Patel
Fund Manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth, since 18 January 2021
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.04L Cr
as on 31-Mar-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
Mutual Fund Insights
In the last 3 years, Axis Nifty Midcap 50 Index Fund Direct Growth has given 20.79% return, outperforming this fund by 6.59% per annum.
Over the last 1 year, this fund has increased expense ratio by 3.3% moving from 0.30 to 0.31.
In the last 1 year, Navi Nifty Bank Index Fund Direct Growth has given 15.11% return, outperforming this fund by 11.49%.
Over the last 1 month, this fund has experienced a 11.1% growth in AUM moving from 6.08K Cr to 6.76K Cr.
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.31% which is lower than the category average expense ratio of 0.43%.
In the last 5 years, Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth has given 33.59% return, outperforming this fund by 11.05% per annum.
ICICI Prudential Nifty Next 50 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 14.73% since inception which is more than its category average return of 8.07%
Fund Allocations
This fund has an allocation of 99.87% in Equity, 0% in Debt and 0.13% in Cash related instruments
AUM size ₹6760 Cr
This fund has AUM of ₹6760 Cr which is more than its category average of ₹ 771 Cr
Expense Ratio 0.31%
This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.55%
More funds from ICICI
5Y CAGR
▲ 38.26
5Y CAGR
▲ 34.46
5Y CAGR
▲ 31.54
Frequently Asked Questions for ICICI Prudential Nifty Next 50 Index Fund Direct Growth
The current NAV of ICICI Prudential Nifty Next 50 Index Fund Direct Growth is ₹60.4 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.15% | 8.15% |
6 Month Returns | -13.21% | -13.21% |
1 Year Returns | 3.62% | 3.62% |
3 Years Returns | 48.93% | 14.2% |
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0.31% as on March 2025
₹6760 Cr as on March 2025
InterGlobe Aviation Ltd(4.54%), Hindustan Aeronautics Ltd Ordinary Shares(3.59%), Vedanta Ltd(3.56%), Divi's Laboratories Ltd(3.32%), Varun Beverages Ltd(3.28%) as on March 2025
Financial Services(20.55%), Industrial(15.16%), Consumer Defensive(14.37%) as on March 2025
The alpha ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | -0.63 | -0.47 | -0.62 |
As on March 2025
The alpha for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated against Nifty Next 50 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Next 50 Index Fund Direct Growth | 1 | 1 | 1 |
As on March 2025
The Beta for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated with Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth | -0.01 | 0.5 | 1 |
As on March 2025
The sharpe ratio for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated with Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth | 22.9 | 20.39 | 18.54 |
As on March 2025
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.
Sortino ratio is 0.77 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nishit Patel is the fund manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty Next 50 Index Fund Direct Growth is 0%