ICICI Prudential Nifty Next 50 Index Fund Direct Growth

Equity
Direct
Index Funds
ICICI Prudential Nifty Next 50 Index Fund Direct Growth

About the Fund

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 ₹5284 Cr worth of assets under management (AUM) as on May 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 16.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 63.45%, 23.71% and 21.89% respectively.

Holdings

ICICI Prudential Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Utilities, Energy, Real Estate, Health, Communication. Its top holdings are Bharat Electronics Ltd, Trent Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp 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.

Fund Performance
zero opening, trading, fund transfer fee
38428 people have invested ₹ 15.5Cr in ICICI Prudential Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
3
/12
73% Performance
21% Cost
3 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.

Fund Overview

Expense ratio0.3%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹5284 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
44.75%
Risk
Risk meter
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Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 100%

Large cap
90.4%

Mid cap
9.8%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
22.7%
Industrial
22%
Basic Materials
12.8%
Consumer Cyclical
12.1%
Consumer Defensive
10.9%
Utilities
9.3%
Energy
3%
Real Estate
2.6%
Health
2.5%
Communication
2.2%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth, since 18 January 2021

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 60.7% growth in AUM moving from 3.28K Cr to 5.28K Cr.
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In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 23.97% return, outperforming this fund by 0.26% per annum.
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In the last 1 year, UTI Nifty Next 50 Index Fund Direct Growth has given 63.86% return, outperforming this fund by 0.4%.
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In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 22.53% return, outperforming this fund by 0.65% per annum.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.52%.

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 16.97% since inception which is less than its category average return of 21.99%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.22% in Equity, 0% in Debt and -0.22% in Cash related instruments
AUM size ₹5284 Cr

AUM size ₹5284 Cr

This fund has AUM of ₹5284 Cr which is more than its category average of ₹ 749 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty Next 50 Index Fund Direct Growth is ₹66.11 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.77%
6.77%
6 Month Returns
40.96%
40.96%
1 Year Returns
63.45%
63.45%
3 Years Returns
89.33%
23.71%
5 Years Returns
169.01%
21.89%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.3% as on May 2024
₹5284 Cr as on May 2024
Bharat Electronics Ltd(5.26%), Trent Ltd(4.99%), Hindustan Aeronautics Ltd Ordinary Shares(4.62%), Tata Power Co Ltd(3.67%), Power Finance Corp Ltd(3.55%) as on May 2024
Financial Services(22.77%), Industrial(22.03%), Basic Materials(12.84%) as on May 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
-0.36
-0.41
-0.6
As on May 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 May 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
3.08
0.95
0.77
As on May 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
13.84
16.75
19.45
As on May 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 1.68 as on May 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%