ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

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NAV: ₹ 14.47 as on 23-02-2024
Fund Performance

About the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 3 October, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹36 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Overview

Expense ratio
Expense ratio
0.35%
Benchmark
Benchmark
NIFTY 50 Equal Weight Index TR INR
AUM
AUM
₹36 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
11.65%

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (31-Jan-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
99.9%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
18.8%
Consumer Cyclical
14.5%
Basic Materials
13.2%
Tech
11.8%
Energy
10.9%
Health
10.4%
Consumer Defensive
9.7%
Industrial
4.2%
Utilities
4.1%
Communication
2.3%

Top Holdings of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on (31-Jan-24)

  • Equity

Equity Holdings50

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
1.35%
7.96%
7.61%
Nifty 50
-0.07%
7.22%
6.02%
  • This fund’s returns stands at 1.35% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.07% as on Jan'24
  • This fund outperformed Nifty 50 by 1.42% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 24.8 Cr
₹ 24.8 Cr
₹ 24.8 Cr
  • AUM of the fund stands at 24.8 Cr as of Jan'24
  • AUM has remained same between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl portfolio Returns for the month of Jan

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Fund Manager

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 3 October 2022

ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 30.41% since inception which is more than its category average return of 21.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.93% in Equity, 0% in Debt and 0.07% in Cash related instruments
AUM size ₹36 Cr

AUM size ₹36 Cr

This fund has AUM of ₹36 Cr which is less than its category average of ₹ 662 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 0.51%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is ₹14.47 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
6.77%
6.77%
6 Month Returns
22.73%
22.73%
1 Year Returns
42.67%
42.67%
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 January 2024
₹36 Cr as on January 2024
Tata Motors Ltd(2.38%), Oil & Natural Gas Corp Ltd(2.36%), Bajaj Auto Ltd(2.3%), Adani Ports & Special Economic Zone Ltd(2.27%), Bharti Airtel Ltd(2.27%) as on January 2024
Financial Services(18.75%), Consumer Cyclical(14.51%), Basic Materials(13.21%) as on January 2024
The alpha ratio for the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on January 2024
The alpha for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on January 2024
The Beta for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
1.84
-
-
As on January 2024
The sharpe ratio for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
13.02
-
-
As on January 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.
Nishit Patel is the fund manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 0%