ICICI Prudential Nifty Next 50 Index Fund Direct Growth

ICICI Prudential Nifty Next 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 05-12-2024

₹ 67

0.3%

1D

Inception Returns

16.4%

/yr

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

  1. ICICI Prudential Nifty Next 50 Index Fund Direct Growth has ₹6759 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

ICICI Prudential Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 16.39% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.41%, 20.11% and 21.10% respectively.

Holdings

ICICI Prudential Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Real Estate, Communication, Energy, Tech. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Divi's Laboratories Ltd, Tata Power Co Ltd, InterGlobe Aviation 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 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
95453 people have invested ₹ 26.8Cr in ICICI Prudential Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank for ICICI Prudential Nifty Next 50 Index Fund Direct Growth

Powered by IND quant engine
5
/12
71% Performance
23% Cost
5 out of 12 among Index-Nifty-Next-50
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

ICICI Prudential Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio0.31%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹6759 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
44.75%
STCGSelling mutual fund 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 (31-Oct-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
91.5%

Mid cap
8.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.6%
Industrial
18.7%
Basic Materials
12.4%
Utilities
9.7%
Consumer Cyclical
9.4%
Consumer Defensive
8.2%
Health
6.9%
Real Estate
3.2%
Communication
3.1%
Energy
2.9%
Tech
2.8%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-9.31%
2.32%
0.77%
Nifty Next 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -9.31% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty Next 50 by 3.14% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 6.8K Cr
₹ 7.2K Cr
₹ 6.9K Cr
  • AUM of the fund stands at 6.8K Cr as of Oct'24
  • AUM decreased by 424.6 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 4.33%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 4.33%
Divi's Laboratories Ltd's allocation increased from 3.36% to 4.01%
Divi's Laboratories Ltd's allocation increased from 3.36% to 4.01%
Bank of Baroda's allocation increased from 2.25% to 2.51%
Bank of Baroda's allocation increased from 2.25% to 2.51%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.23 % to 4.22 %
Vedanta Ltd's allocation decreased from 4.23 % to 4.22 %
InterGlobe Aviation Ltd's allocation decreased from 4.03 % to 3.76 %
InterGlobe Aviation Ltd's allocation decreased from 4.03 % to 3.76 %
TVS Motor Co Ltd's allocation decreased from 3.25 % to 3.14 %
TVS Motor Co Ltd's allocation decreased from 3.25 % to 3.14 %
Mid Cap allocation has gone up from 8.4% to 8.4%
Mid Cap allocation has gone up from 8.4% to 8.4%
Large Cap allocation has gone down from 91.5% to 91.5%
Large Cap allocation has gone down from 91.5% to 91.5%
Cash allocation has gone down from 0.1% to 0.1%
Cash allocation has gone down from 0.1% to 0.1%

Top 3 Sectors in October were Financial Services, Industrial & Basic Materials

Oct'24
Financial Services
23%
Industrial
19%
Basic Materials
12%
Sep'24
Financial Services
22%
Industrial
19%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
20.3%
19.8%
22.2%
Company having highest exposure
Hindustan Aeronautics Ltd Ordinary Shares (4.3%)
Vedanta Ltd (4.2%)
Trent Ltd (6.8%)
No of Sectors
11
11
10
Top 5 Sectors Concentration
72.8%
73.1%
81%
Sector having highest exposure
Financial Services (22.6%)
Financial Services (22.4%)
Financial Services (21.9%)
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Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth, since 18 January 2021
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-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

Mutual Fund Insights

Insights icon
In the last 1 year, UTI Nifty Next 50 Index Fund Direct Growth has given 45.45% return, outperforming this fund by 0.03%.
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In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 20.36% return, outperforming this fund by 0.25% per annum.
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Over the last 6 months, this fund has experienced a 37.7% growth in AUM moving from 4.90K Cr to 6.75K Cr.
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Over the last 3 months, this fund has increased expense ratio by 3.3% moving from 0.30 to 0.31.
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In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 21.29% return, outperforming this fund by 0.19% per annum.
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This fund with AUM at ₹6759.06Cr is among the largest funds in the index funds category.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.31% which is lower than the category average expense ratio of 0.51%.

ICICI Prudential Nifty Next 50 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 16.39% since inception which is less than its category average return of 17.44%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.94% in Equity, 0% in Debt and 0.06% in Cash related instruments
AUM size ₹6759 Cr

AUM size ₹6759 Cr

This fund has AUM of ₹6759 Cr which is more than its category average of ₹ 803 Cr
Expense Ratio 0.31%

Expense Ratio 0.31%

This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.53%

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 ₹67 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.89%
3.89%
6 Month Returns
8.59%
8.59%
1 Year Returns
45.41%
45.41%
3 Years Returns
73.26%
20.11%
5 Years Returns
160.47%
21.1%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.31% as on November 2024
₹6759 Cr as on November 2024
Hindustan Aeronautics Ltd Ordinary Shares(4.33%), Vedanta Ltd(4.22%), Divi's Laboratories Ltd(4.01%), Tata Power Co Ltd(3.99%), InterGlobe Aviation Ltd(3.76%) as on November 2024
Financial Services(22.57%), Industrial(18.68%), Basic Materials(12.36%) as on November 2024
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
-0.46
-0.42
-0.58
As on November 2024
The alpha for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated against IISL 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 November 2024
The Beta for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated with IISL 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
2
0.76
0.77
As on November 2024
The sharpe ratio for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated with IISL 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
17.05
17.96
19.88
As on November 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.
Sortino ratio is 1.24 as on November 2024. 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%