ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 10 as on 22-03-2023
Fund Performance
65 people have invested ₹ 2.7L in mutual fund in the last three months
About the Fund
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 3 October, 2022. The fund is managed by Kayzad Eghlim, Nishit Patel. The fund could potentially beat inflation in the long-run.
Key parameters
1) ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth has a NAV of ₹9.9921 as on 22-03-2023.
2) ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth has ₹13 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.35 %.
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth Overview
 | 0.35% |
 Benchmark | NIFTY 50 Equal Weight Index TR INR |
 | ₹13 Cr |
 | 3 October, 2022 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 0% |
Fund Distribution as on (28-Feb-23)
Size breakup
Large cap
99.3%
Sector Allocation
Financial Services
21.4%
Consumer Cyclical
14.8%
Basic Materials
13.7%
Tech
10.9%
Consumer Defensive
10.5%
Health
9.7%
Energy
9.1%
Utilities
4.4%
Industrial
3.6%
Communication
1.9%
Top Holdings of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth as on (28-Feb-23)
Equity Holdings50
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 ITC Ltd | 2.38% | 4.7% | |
 Tech Mahindra Ltd | 2.29% | 4.7% | |
 Tata Motors Ltd | 2.25% | 4.7% | |
 Oil & Natural Gas Corp Ltd | 2.21% | 4.7% | |
 Power Grid Corp Of India Ltd | 2.2% | 4.7% |
See all
Gainers & Losers in ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth portfolio as on (28-Feb-23)
Top Growth Drivers | 1M Return |
|---|---|
 Adani Ports & Special Economic Zone Ltd | 19.7% |
 Tech Mahindra Ltd | 7.5% |
 Oil & Natural Gas Corpn Ltd | 5.4% |
Top Losers | 1M Return |
|---|---|
 Adani Enterprises Ltd | -36.1% |
 Divis Laboratories Ltd | -15.8% |
 Tata Steel Ltd | -14.8% |
Peer Analysis
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth Fund Manager
Kayzad Eghlim
Fund Manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth, since 3 October 2022
Top funds managed
Nishit Patel
Fund Manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth, since 3 October 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
Fund Allocations
This fund has an allocation of 99.25% in Equity, 0% in Debt and 0.75% in Cash related instruments
AUM size ₹13 Cr
This fund has AUM of ₹13 Cr which is less than its category average of ₹ 471 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.55%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is 10.13 as on 10-Mar-2023.
Existing (Absolute + CAGR)
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.87% | -1.87% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.35 as on February 2023
13 Cr as on February 2023
Tata Motors Ltd(2.33%),Mahindra & Mahindra Ltd(2.27%),HCL Technologies Ltd(2.2%),Tata Steel Ltd(2.19%),Maruti Suzuki India Ltd(2.17%) as on February 2023
Financial Services(21.05%),Consumer Cyclical(14.99%),Basic Materials(13.9%) as on February 2023
The alpha ratio for the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on February 2023
The alpha for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is calculated against NIFTY 50 Equal Weight Index 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 Nifty50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on February 2023
The Beta for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on February 2023
The sharpe ratio for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
As on February 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.
Kayzad Eghlim,Nishit Patel are the fund managers of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is 0%
Mutual Fund execution provided by
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.