ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth

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NAV: ₹ 10 as on 22-03-2023

Fund Performance
zero opening, trading, fund transfer fee
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

Expense ratio
Expense ratio
0.35%
Benchmark
Benchmark
NIFTY 50 Equal Weight Index TR INR
AUM
AUM
₹13 Cr
Inception Date
Inception Date
3 October, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Fund Distribution as on (28-Feb-23)

  • Equity 99.3%

  • Debt & Cash 0.8%

Size breakup

Large cap
99.3%

Sector Allocation

Feb'23

Jan'23

Dec'22

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

Equity Holdings50

Gainers & Losers in ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth portfolio as on (28-Feb-23)

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth Fund Manager

Kayzad Eghlim

Kayzad Eghlim

Fund Manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth, since 3 October 2022
Nishit Patel

Nishit Patel

Fund Manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth, since 3 October 2022

Fund Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

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

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%

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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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
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.